Published:
PureSpectrum, Inc. Files Annual Update With Pink Sheets Exchange
Annual Update Summarizes Conservative Spending and Company's Movement Into Sales Stage
PureSpectrum, Inc. (PINKSHEETS: PSPM) has
filed annual disclosure information for 2007 with the Pink Sheets
electronic OTC markets pursuant to rule 15c2-11 of the Securities and
Exchange Act of 1934 that reveals a frugal company dedicated to developing
its technology and protecting the interests of its shareholders.
PureSpectrum is a technology company headquartered in Savannah, Ga., which
owns the rights to multiple patents and patent applications related to
innovative electronic circuitry breakthroughs to improve ballast-driven
lighting applications. The annual update filed by the company highlights
the business and technology advances made during 2007 that reflect
PureSpectrum's strong commitment to corporate stewardship and transparency.
The report reflects that the PureSpectrum executive team made use of
thorough market research to accelerate technology development while also
adhering to a conservative approach to spending to preserve available
investment resources. As a result, president and CEO Lee Vanatta and Chief
Financial Officer William R. Norton led the company's transition from the
development phase into the sales and marketing phase during the latter
months of the year. Additionally, much of the company's outstanding debt
was extinguished at the end of 2007 through an exchange of debt for stock,
leaving the company and its shareholders in an ideal position to capitalize
on anticipated revenue in 2008.
"We believe we did more with less in 2007 through smart and careful
management of resources, and we plan to continue with the same focus on
generating revenue for 2008," Norton said. "The intensity of our technology
development increased toward the end of the year, and we have been able to
attract the attention of major lighting and lighting control manufacturers.
The approach we used during the past year allowed us to develop the
technology in the context of what the lighting industry needs, putting us
in a favorable position to begin generating income for the company and its
shareholders."
The full text of the recent filing, including full financial reporting for
the year ended December 31, 2007, can be found at
www.purespectrumlighting.com or www.pinksheets.com. Please call (912)
961-4980 for more information about PureSpectrum, Inc. or contact
Equiti-Trend Advisors LLC at (800) 953-3350 for investment information.
ABOUT PURESPECTRUM
PureSpectrum (PINKSHEETS: PSPM) is a publicly traded technology company
founded and headquartered in Savannah, Ga. The company's values are
grounded in an awareness of the increasing urgency to identify energy
efficient lighting technologies which also meet consumer standards.
PureSpectrum currently holds the rights to multiple patents, patent
applications and patents pending related to electronic ballast technologies
designed to make energy efficient lighting products more popular among
consumers through improved performance. PureSpectrum is committed to
researching, developing and refining ideas that will provide the most
energy efficient, cost effective and consumer friendly methods to deliver
artificial light. For more information on PureSpectrum, please call (912)
961-4980 or visit www.purespectrumlighting.com.
Certain statements contained in this news release regarding matters that
are not historical facts may be forward-looking statements. Because such
forward-looking statements include risks and uncertainties, actual results
may differ materially from those expressed in or implied by such
forward-looking statements. Factors that could cause actual results to
differ materially include, but are not limited to, uncertainties pertaining
to continued market acceptance for PureSpectrum's products and services,
its ability to succeed in growing revenue, the effect of new competitors in
its market, integration of acquired businesses, and other risk factors
identified from time to time by PureSpectrum.
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