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Legends Business Group, Inc. Announces Acquisition of 30 lots, asset value of $3 million

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Positive)
Rhea-AI Summary

Legends Business Group (LGBS) has acquired land for 30 lots valued at $3 million in Boise, Idaho, increasing their total acquisitions in 2022 to 166 lots worth $16.6 million.

The company reports a strong financial outlook and plans to continue expanding, capitalizing on the current real estate housing shortage.

CEO Paul Bakajin emphasizes the company’s commitment to shareholder value and anticipates further land acquisitions in the future.

Positive
  • Acquired 30 lots valued at $3 million, enhancing growth potential.
  • Total of 166 lots acquired in 2022, valued at $16.6 million, indicating a strong expansion strategy.
  • Plans for additional land acquisitions align with current market opportunities in real estate.
Negative
  • None.

Henderson, NV, May 18, 2022 (GLOBE NEWSWIRE) -- Legends Business Group, Inc. (OTC Pink: LGBS) has acquired land for the development of 30 lots worth $3 million in the Boise, Idaho area. We are very excited to be adding another acquisition, giving the company 166 lots acquired so far in 2022 valued at $16.6 million. We continue to work hard expanding our business.

The company’s current outlook and growth has never been better and is financially sound. As of now we have enough lots to develop well into 2023, with opportunities for us to acquire still more lots available.  We look forward to expanding our presence as a strong successful land developer in the real estate market well into 2023 and beyond. We continue to grow at a very fast pace. The real estate housing shortage has created an important opportunity for us to take advantage of our knowledge and resources to swiftly become one of the leading real estate land development companies in the area.  We plan on maintaining a prominent long-term presence in the real estate industry. The Company is committed to building shareholder value.

Paul Bakajin CEO/President Stated: “I look forward to putting out more great news and updates about our successful position as a land developer.  The company’s growth and outlook has never been better. Our future growth will continue as we have many more land acquisitions planned.

Currently, the only media outlet is the company’s Twitter account: http://twitter.com/Legendsbusiness.  

We constantly monitor our website to effectively communicate with our shareholders, therefore, please email us at: Info@legendsbusinessgroup.com. The Company’s Website: https://legendsbusinessgroup.com. All information can be verified at  https://www.otcmarkets.com/stock/LGBS/profile

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company’s best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.

Contact:
Legends Business Group, Inc.
Info@legendsbusinessgroup.com


FAQ

What is the recent land acquisition by Legends Business Group (LGBS)?

Legends Business Group has acquired 30 lots in Boise, Idaho, worth $3 million.

How many lots has Legends Business Group (LGBS) acquired in 2022?

In 2022, Legends Business Group has acquired a total of 166 lots valued at $16.6 million.

What is the financial outlook for Legends Business Group (LGBS)?

Legends Business Group reports a strong financial outlook and plans for continued growth.

What does the CEO of Legends Business Group (LGBS) say about the company's future?

CEO Paul Bakajin states that the company's growth and outlook have never been better, with more land acquisitions planned.

How does the real estate housing shortage affect Legends Business Group (LGBS)?

The real estate housing shortage creates significant opportunities for Legends Business Group to expand as a leading land developer.

LEGENDS BUSINESS GRP INC

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