Legend Power Announces Results of Shareholders Meeting and Increase in Authorized Capital

BURNABY, BC, April 12, 2012 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS) ("Legend Power" or the "Company") is pleased to announce that, at the annual general meeting of shareholders of the Company held on March 29, 2012 and reconvened on April 12, 2012 after an adjournment (the "Meeting"), each of Randy Buchamer, Douglas Blakeway, Michael Harcourt, Troy Moreira, Dr. Jan Carr and Michael Atkinson were re-elected to the Board of Directors of the Company (the "Board"), and D&H Group LLP, Chartered Accountants was re-appointed as auditors of the Company.

In addition to the customary corporate matters approved at the Meeting, the Company's shareholders also approved the continuation of the Company's 10% rolling share option plan dated for reference March 24, 2010, as amended March 17, 2011, and an increase in the authorized capital of the Company to a minimum of 200,000,000 common shares and, subject to any necessary judicial approvals, to an unlimited number of common shares. The necessary corporate filings to effect the increase in the authorized capital were completed immediately following the reconvened meeting.

About Legend Power Systems Inc.

Legend Power Systems Inc. (www.legendpower.com) is a leading electrical energy conservation company that manufactures and markets a patented device to help commercial and industrial customers achieve significant energy savings through voltage optimization. Legend Power's Electrical Harmonizer-AVR helps companies reduce their electricity bills, maintenance costs, and increases the life of electrical equipment, while contributing to a reduction in green house gas emissions.

Forward Looking Information This release may contain forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Legend Power believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Legend Power's management on the date such statements were made. Legend Power expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Randy Buchamer
President, acting Chief Executive Officer and Chief Operating Officer
Legend Power Systems Inc.
+ 1 604 420 1500
[email protected]

LEGEND POWER SYSTEMS INC.
8561 Commerce Court
Burnaby, BC V5A 4N5
[phone]
www.legendpower.com