Legends Business Group, Inc. Great start to our First Quarter

Rhea-AI Summary

Legends Business Group, Inc. (OTC Pink: LGBS) reports a strong start in Q1 2022, with 48 lots under construction, expected to complete by June 1. The company has closed 6 lots, generating revenue of $1.2 million. Plans are underway for 3 additional plats with 103 lots projected for vertical construction in Spring 2023. This positions LGBS favorably in a high-demand market for developed lots, with an estimated asset and potential revenue of $10.3 million. CEO Paul Bakajin emphasizes a positive outlook and future growth through land acquisitions.

Positive

• Closed 6 lots in Q1 with revenue of $1,200,000.
• 48 lots under construction expected to complete by June 1.
• Planning 3 plats with a total of 103 lots for Spring 2023.
• Estimated assets and potential revenue of $10.3 million from lots.

Negative

• None.

Henderson, NV, April 13, 2022 (GLOBE NEWSWIRE) -- Legends Business Group, Inc. (OTC Pink: LGBS) - The first quarter has started strong with 48 lots under construction and expecting to have them all completed by June 1st with lots closings soon there after. We have closed 6 lots in the first quarter with the volume being $1,200,000.00. We are in the planning stages of 3 different plats with a total of 103 lots that we expect to have completed and ready for vertical construction in the Spring of 2023. Owning 103 lots we are now in a very bullish position in take advantage of the high demand for developed lots with a n average value of $100,000 each giving the company $10.3 million in assets and $10.3 million in potential revenues.

Paul Bakajin CEO/President Stated: “The company’s positive 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 revenue from lots closed by LGBS in Q1 2022?

Legends Business Group closed 6 lots in Q1 2022, generating $1,200,000 in revenue.

When does LGBS expect to complete its 48 lots under construction?

LGBS expects to complete its 48 lots under construction by June 1, 2022.

How many lots is LGBS planning for vertical construction in Spring 2023?

LGBS is planning for 103 lots to be ready for vertical construction in Spring 2023.

What is the estimated revenue potential from LGBS's developed lots?

LGBS estimates potential revenue of $10.3 million from its developed lots.