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Proceeds Expected to Provide Working Capital to Fund Marketing and Sales
Initiatives

BURNABY, BC, June 25 /CNW/ - As previously announced, Legend Power Systems Inc. (TSX VENTURE EXCHANGE: LPS.V) (the "Company" or "Legend Power") has entered into a management consulting agreement (the "Consulting Agreement") with Phoenix Alliance Corp. ("Phoenix"). Pursuant to the Consulting Agreement, Phoenix has agreed to act as Legend Power's advisor with respect to strategic planning, to provide financial and management consulting services, and to assist it in completing a private placement. Legend Power is targeting a proposed offering of up to $10 million in common shares in the capital of the Company ("Shares") at a subscription price of a minimum of $0.45 per Share (collectively the "Offering"). Legend Power is seeking this financing to provide working capital to enable it to launch an intensive sales and marketing strategy within North America. Gerry Gill, Chairman and CEO of Legend Power, states:

"We have completed the research and development phase of our business plan and with our strategic partners have been able to complete 22 beta tests with a number of installations of various sizes and configurations all proving energy savings and lower costs to the users, proving our Harmonizer-AVR is commercially viable and ready for the marketplace. We are now positioned to commence the second phase of our business plan which is to complete the implementation of our sales and marketing strategy which we believe will better position Legend Power to be cash flow positive. The Offering is expected to provide the ability to execute this important phase of our business plan and to allow us to continue building value for our shareholders and customers."

Andrew McKinnon, CEO of Phoenix Alliance Corp., states:

"During the due diligence process conducted by our company we quickly became aware of the opportunities for growth that exist for Legend Power's Harmonizer-AVR technology. We arrived at the conclusion that if Legend Power was capitalized to the extent required to executing this next phase of its business plan it would have the financial resources to build a sales and marketing department for rapid growth which in turn should help Legend Power to establish a leading position in the market place. We and Legend Power's executive team are well along in the process of developing a competitive analysis, a competitive strategy and a sales and marketing plan that includes the personnel buildup required to execute on the plan.