Legends Business Group, Inc. Announces Acquisition

Rhea-AI Summary

Legends Business Group (LGBS) has announced the acquisition of land for the development of 23 lots in Boise, Idaho, valued at $2.3 million. This strategic move is aimed at enhancing the company's footprint in the real estate sector, particularly amidst a market characterized by record-low inventory levels. CEO Paul Bakajin emphasized the company's strengthened position following two successful acquisitions, aiming to build long-term shareholder value without the need for a stock split in the near future.

Positive

• Acquired land for 23 lots valued at $2.3 million, enhancing market presence.
• Company reports positive growth following two successful acquisitions.
• Strategic positioning in a real estate market with record-low inventory.

Negative

• None.

Henderson, NV, March 23, 2022 (GLOBE NEWSWIRE) -- Legends Business Group, Inc. (OTC Pink: LGBS) has acquired land for the development of 23 lots worth $2.3 million in Boise, Idaho. The acquisition will help accelerate our expansion, providing us with a strong presence in the real estate market. We are in a unique situation where real estate inventory has fallen to record lows. Opportunities like this make for a very attractive business to be in. We plan on having a long presence in real estate. The Company is committed to building shareholder value, and we see no need for any stock split in the foreseeable future.

Paul Bakajin CEO/President stated: "The company is in a stronger position than ever before. We have successfully completed two acquisitions, giving the company positive growth and a better future. I look forward in putting out many more updates 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 significance of the land acquisition by LGBS?

The acquisition of land for 23 lots valued at $2.3 million is significant as it enhances Legends Business Group's presence in the real estate market during a time of record-low inventory.

How does LGBS plan to utilize the acquired land?

Legends Business Group plans to develop the acquired land into residential lots, contributing to its long-term strategy in real estate.

What recent acquisitions has LGBS completed?

Legends Business Group has successfully completed two acquisitions which have contributed to its positive growth and strengthened market position.

Is LGBS planning any stock splits in the future?

According to CEO Paul Bakajin, there is no need for any stock splits in the foreseeable future as the company aims to build shareholder value.

What challenges could LGBS face after the land acquisition?

Challenges could include market competition, regulatory issues, and managing growth effectively in the real estate sector after the land acquisition.