Legends Business Group, Inc. Announces Acquisition

Rhea-AI Summary

Legends Business Group, Inc. (LGBS) announces the acquisition of North Star Developers from AAP, Inc. for $1.5 million. AAPJ will receive 300 million common shares of LGBS priced at $0.005 each. This strategic move enables AAPJ to concentrate on its successful construction segment while allowing LGBS to leverage North Star Developers' assets for potential growth. A new website for LGBS is under development to enhance communication with shareholders. The company is optimistic about its future operations and is actively exploring business opportunities.

Positive

• Acquisition of North Star Developers enhances LGBS's asset base and growth potential.
• Strategic shift for AAPJ allows focus on its successful construction business, Red Tail Construction.

Negative

• None.

MESSAGE FROM PAUL BAKAJIN, CEO

Henderson, NV, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Legends Business Group, Inc. (OTC Pink: LGBS) (“LGBS”) is excited to announce the acquisition of North Star Developers from AAP, Inc. (OTC Pink: AAPJ) (”AAPJ”). AAPJ will sell its 50% interest in North Star Developers to Legends Business Group, Inc. This acquisition is valued at $1.5 million dollars. AAPJ will receive 300,000,000 common shares of LGBS valued at .005 per share to complete the acquisition.

This transaction is considered favorable for both companies. AAPJ has three operating businesses, so that their management has determined that it is in the company’s best interest to sell its 50% interest in North Star Developers to LGBS.  They feel that AAPJ’s investment in the very successful construction company, Red Tail Construction, warrants concentrating its current focus on continuing that company’s very favorable growth into the future while also developing more compatible business opportunities. AAPJ also retains a debt collection business which it continues to develop.

North Star Developers has many assets and, we feel, enormous potential.  This will be outlined in a future news release. We are currently very busy.  I have been traveling a lot lately, discussing and evaluating many projects and business opportunities. I’m excited to be moving in this direction, taking LGBS to the next step of becoming a fully operating company with a bright future. A new company website for LGBS is being developed and will be available very soon.

Currently, the only media outlet is the Company’s twitter account @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 value of the acquisition by LGBS?

The acquisition of North Star Developers is valued at $1.5 million.

How many shares will AAPJ receive in the LGBS acquisition?

AAPJ will receive 300 million common shares of LGBS valued at $0.005 per share.

What benefits does LGBS expect from acquiring North Star Developers?

LGBS aims to leverage North Star Developers' assets for enhanced growth potential.

What is the strategic importance of this acquisition for LGBS?

The acquisition allows LGBS to expand its operations and solidify its position in the market.

When will shareholders receive more updates about LGBS?

A new company website is being developed to improve communication with shareholders.