Legend Investment Corp. builds presence in solar arena

Point Roberts, WA, Feb 13, 2006 — Legend Investment Corp. is building its presence in the solar arena through its upcoming purchase of 51% in GiraSolar B.V., which the company expects will create significant value for their shareholders in the months ahead.

The GiraSolar group is an umbrella organization for subsidiaries, partners and affiliated entities active in the field of solar energy product development, production and application with $12,000,000 generated in revenue last fiscal year.

Legend Investment Corp., which entered the solar arena in 2005, is purchasing GiraSolar under a binding letter of intent. Legend hopes that with this purchase it will be able to take advantage of the growing opportunities in the renewable energy arena, as the nation looks to reduce its dependence on foreign oil.

The worldwide solar market has experienced an average annual growth of more than 40% over the past five years with expectations that this double digit pattern will continue for several years to come, said a recent press release. According to Clean Edge research, the market for solar photovoltaics (PV) will reach $39.2 billion by 2014 growing from $7.2 billion in 2004.


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