logo

companyintermodalrailsealsservicesresearch and developmentnews
news

For Media Inquiries contact:
Dan Chicoine
ph. 402.614.0258
ext 100


FOR IMMEDIATE RELEASE:

CONTACT:
Gabriel Technologies Corp
Dan Chicoine
Investor Relations Officer/VP of Marketing
(402) 614-0258
dchicoine@gabrieltechnologies.com

Legend Investment Corporation
press@legendinvestment.com
(734) 786-1461


GABRIEL TECHNOLOGIES TIGHTENS SECURITY FOR NATION’S LARGEST WABASH TRUCKING TRAILER DEALERSHIP

ANN ARBOR, MI--(MARKET WIRE)--Feb 22, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK - News) today announced that it has entered into a financing agreement with Gabriel Technologies Corp (OTC BB:GWLK.OB - News) and Osha Pacifica Group. Under the agreement, Legend Investment would receive a 15% equity interest in Osha Pacifica Group and a debt instrument with warrants to purchase common stock in Gabriel Technologies Corp. The value of the investment is expected to be up to $3,500,000.

Osha Pacifica Group (OPG) currently has a contract from Convenience Marketing Network (CMN), the industry's largest convenience store broker with annual sales of $2 billion, to be the exclusive provider of automotive, financial, novelty and general merchandise supplier to CMN's customer base. CMN's customer base consists of 96,000 convenience stores throughout the United States.

With Legend's participation, OPG would begin to roll out a line of automotive products under the brand name, "PitCrew Express." The auto category in this channel of distribution represents an estimated $1.2 billion in sales in the United States. The products in the line include lubricants, chemicals and additives and automotive accessories. OPG expects that if OPG gains access to the necessary Financing, the PitCrew Express line will generate $245,000,000 in sales in 2006.

Additionally, OPG is rolling out a financial services program called SOLO UNO to the convenience stores services by CMN. The program is expected to offer stored-value products, cross-border money transfer services, and bill payment. The market for funds transfer is estimated to be in excess of $12 billion annually.

The debt portion of the financing with Gabriel Technologies (OTC BB:GWLK.OB - News) will allow Gabriel to offer its award-winning line of padlocks, marketed under the WAR-LOK(TM) product name, to be the exclusive lock product sold through these convenience store channels.

"With this dynamic distribution agreement developed for our WAR-LOK(TM) Padlock line and combined with the industry-leading reach CMN offers, we are very positive about having our padlocks now available for commercial application in the convenience store markets," said Keith Feilmeier, President/CEO of Gabriel Technologies Corp. "Additionally we see our vested ownership in OPG a natural fit into our business model of focusing on distributor/VAR agreements for quick absorption of our WAR-LOK(TM) product line into the marketplace," stated Feilmeier.

"This extraordinary opportunity with OPG and Gabriel Technologies would allow us to leverage our core skills in licensing, branding, and financial services, with the expectation of real revenue, eventual earnings, and an increase in the net asset value for our shareholders," said Peter Klamka, President of Legend Investment.

Bill Bedortha, founder of CMN, recently named Executive Director of Product Development for OPG, stated, "Having the ability to leverage the large distribution network CNM has developed over the years and implement these new and existing market categories, OPG has produced many needed opportunities in the convenience store arena".

CMN was recently acquired by Advantage Capital.

This agreement between Legend Investment and Gabriel and OPG is non-binding and subject to due diligence which is being conducted now and the execution of a definitive agreement between all parties. The final investment is subject to Legend obtaining sufficient financing to make the investment; Legend may not succeed in obtaining that financing.

About Legend Investment Corp:
Based in the Detroit area, Legend Investment Corp is a publicly traded business development company. Legend's focus is debt and equity investments in emerging private companies. More information about the company can be found at www.legendinvestment.com.

About Gabriel Technologies Corporation:
Gabriel Technologies of Omaha, Neb, develops proprietary technology for, and manufactures and sells, a series of physical locking systems for the transportation/shipping industry collectively known as the WAR-LOK(TM) Security System. Security within the transportation/shipping industry has evolved substantially in recent years due to the increased risks in theft and terrorism. In the United States alone cargo theft accounts for $15 billion in annual losses.

SAFE HARBOR Information in this news release may contain statements about future expectations, plans, prospects or performance of Legend Investment Group or Gabriel Technologies Corporation that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. The company cautions you that any forward-looking information provided by or on its behalf is not a guarantee of future performance. None of the information on this news release constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website The company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the company's control, in addition to those discussed in the company's press releases, public filings, and statements by the company's management, including, but not limited to, estimates of the sufficiency of its existing capital resources, abilities to raise additional capital to fund future operations and repay its existing indebtedness, and the uncertainties involved in estimating market opportunities. All such forward-looking statements are current only as of the date on which such statements were made. The company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.