The audit was completed by Hancock Askew & Co. LLP in Savannah, Ga., and the financial statements will be available for review at www.pinksheets.com or www.purespectrumlighting.com. PureSpectrum is a development stage company, and the financial statements reflect very low debt for an emerging technology company with significant expenditures primarily allocated to research and development.

As PureSpectrum continues its efforts to elevate its stock to a more senior, established exchange, PureSpectrum CFO Susan Norton said the audited financials are a continuation of the company’s commitment to transparency and credibility.

“The decision to proceed with a full audit for 2006 and 2007 is an indication of the company’s continued maturation and solidification during the past year,” Norton said. “As the company attracts more interest from the institutional investment community, it has become clear that PureSpectrum needs to apply to trade on a more regulated stock exchange. We are now close to finalizing the process of collecting all of the necessary financial data from the company’s developmental period in order to be prepared for that move up in exchange status.”      

Despite recent turbulence in the stock market, PureSpectrum’s price per share has remained steady. PureSpectrum announced in the third quarter that the company will enhance revenue potential by initiating contract manufacturing arrangements for the company’s unique dimmable Compact Fluorescent Lamps and dimmable linear fluorescent fixtures.

In anticipation of launching a global marketing campaign for both its technologies and products in 2009, PureSpectrum is strengthening its intellectual property by filing additional patent applications for a dimmable CFL bulb, a dimmable ballast for linear fluorescent fixtures and a dimming device for ballast-driven lighting applications. Additionally, the company has retained legal counsel in China for intellectual property protection and has begun the process of filing for international patent protection pursuant to the Patent Cooperation Treaty.

“I think it’s important to recognize that PureSpectrum has exited the development stage and is now on the verge of making a sizable contribution to the lighting industry on a worldwide scale,” said PureSpectrum president and CEO Lee Vanatta. “Our technologies and products provide environmental and energy quality benefits that are in demand not just in the United States but in all countries trying to identify new energy conservation strategies.”

Go to www.purespectrumlighting.com or www.pinksheets.com to view PureSpectrum’s full financial documentation through June 30, 2008. Call Jeff Clark at (912) 961-4980 for more information about PureSpectrum, Inc. or contact Shareholder Development Group at (770) 518-3449 or info@shareholderdg.com for investment information.

END

ABOUT PURESPECTRUM

PureSpectrum, Inc. is a technology company founded and headquartered in Savannah, Ga., that has developed breakthrough patent-pending ballast and dimming technology for artificial lighting. The company’s mission stems from an awareness of the increasing urgency to encourage the adoption of energy efficient lighting solutions through superior performance. PureSpectrum continues its commitment to researching and developing technologies and products that satisfy consumer demand and meet energy conservation standards. 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.

Following the completion of due diligence and other formalities, PureSpectrum expects the investment transaction to close within the next 60 days.

Emirates International Capital Advisory (EICA) is a leading financial advisory and management firm with investments in real estate, technology, minerals and global equity markets on three continents. The company’s core investment areas are the Middle East, North Africa and Latin America, and EICA is actively involved in trading, investing and researching in the global equity, debt, currency and commodity markets.

“PureSpectrum is fortunate to be able to partner with EICA, a well established firm in the Middle East and throughout the world,” said PureSpectrum president and CEO Lee Vanatta. “We are looking forward to collaborating with EICA to identify future business opportunities for PureSpectrum in Dubai and the other United Arab Emirates.”

During the past year, PureSpectrum has positioned itself on the leading edge of technology development to enhance the performance of energy efficient lighting products and is poised to make a significant contribution to the multibillion dollar global lighting industry. The company’s innovative and cost-effective electronic ballast circuitry for dimmable Compact Fluorescent Light (CFL) bulbs and linear fluorescent light bulbs enables unprecedented performance and will allow dimmable energy efficient lighting products to be sold at a lower cost than commercially available dimmable products.

PureSpectrum is currently negotiating to finalize a contract manufacturing agreement for its consumer friendly CFL bulbs and expects to be able to distribute proprietary dimmable CFLs in North American Free Trade Association (NAFTA) countries in the first quarter of 2009. All PureSpectrum products will be compliant with established performance standards set forth by Energy Star, Underwriters Laboratory (UL) and the Federal Communications Commission (FCC).

Please call Jeff Clark at (912) 961-4980 for more information about PureSpectrum, Inc. or visit www.purespectrumlighting.com to see a short video featuring PureSpectrum’s dimming technology compared to commercially available dimmable CFL bulbs. Please contact Shareholder Development Group at (770) 518-3449 or info@shareholderdg.com for investment information.

END

ABOUT PURESPECTRUM

PureSpectrum, Inc. is a technology company founded and headquartered in Savannah, Ga., that has developed breakthrough patent-pending ballast and dimming technology for artificial lighting. The company’s mission stems from an awareness of the increasing urgency to encourage the adoption of energy efficient lighting solutions through superior performance. PureSpectrum continues its commitment to researching and developing technologies and products that satisfy consumer demand and meet energy conservation standards. 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.

In a comparative internal study, PureSpectrum’s 23-watt dimmable bulb used less electrical current during operation and provided more light output at lower wattages during dimming than five more expensive brand name dimmable bulbs. The data reveals that PureSpectrum’s bulb reduces power consumption proportionally throughout the dimming spectrum and strengthens PureSpectrum’s position as a leading innovator of dimming technology for ballast-driven lighting.

PureSpectrum’s unique electronic ballast topology contains significantly fewer components than conventional ballasts, which allows the PureSpectrum CFL to draw less current. By drawing less current, PureSpectrum’s circuitry reduces failure rates and improves bulb longevity by generating less unnecessary and potentially damaging heat during operation.

Additionally, PureSpectrum’s ballast more effectively channels power directly to producing light and maintains proportional energy savings as the bulb is dimmed. When the power input was reduced to half, PureSpectrum retained nearly 80 percent of full light output while the brand name bulbs in the test produced only about 40 percent of full brightness when the power was lowered to half.  

“We have always been committed to verifying our performance through comparative testing, and our most recent testing confirms that we have created and are bringing to market the best dimmable CFL bulb in the industry,” said PureSpectrum president and CEO Lee Vanatta. “In multiple rounds of independent and internal testing, our bulbs have exceeded expectations and set new performance standards. We can offer consumers a more dependable dimmable CFL at a price which is lower than any dimmable CFL on the market. No other commercially available dimmable CFL can match the cost and performance benefits provided by PureSpectrum.”

PureSpectrum is in the process of negotiating contract manufacturing for its consumer friendly, energy efficient CFL bulbs and expects to have a full line of proprietary dimmable, high Power Factor CFLs ranging from nine watts to 42 watts ready for distribution in North American Free Trade Association (NAFTA) countries in the first quarter of 2009. The company has launched an aggressive sales and marketing campaign directed at utility companies that participate in giveaway and swap programs, and PureSpectrum’s sales team has meetings scheduled with several US energy providers to discuss product distribution.

All PureSpectrum CFL products are dimmable and will be compliant with established performance standards set forth by Energy Star, Underwriters Laboratory (UL) and the Federal Communications Commission (FCC).

Please call Jeff Clark at (912) 961-4980 for more information about PureSpectrum, Inc. or visit www.purespectrumlighting.com to see a short video featuring PureSpectrum’s dimming technology compared to commercially available dimmable CFL bulbs. Please contact Shareholder Development Group at (770) 518-3449 or info@shareholderdg.com for investment information.

END

ABOUT PURESPECTRUM

PureSpectrum, Inc. is a technology company founded and headquartered in Savannah, Ga., that has developed breakthrough patent-pending ballast and dimming technology for artificial lighting. The company’s mission stems from an awareness of the increasing urgency to encourage the adoption of energy efficient lighting solutions through superior performance. PureSpectrum continues its commitment to researching and developing technologies and products that satisfy consumer demand and meet energy conservation standards. 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.

Alongside other leading edge green products and technologies, PureSpectrum will showcase its newly launched line of affordable, fully dimmable, high Power Factor Compact Fluorescent Lamps (CFL) and demonstrate its proprietary dimmer and a dimmable Light Emitting Diode (LED) system. Vanatta will appear with other green business leaders on Thursday to comment on key issues in the green technology movement and highlight the efforts of Georgia and southeastern companies to promote energy conservation through the identification and adaptation of new technologies.

During the past year, PureSpectrum has received positive response within the lighting industry through the introduction of multiple circuitry and electrical engineering breakthroughs that make energy efficient lighting more consumer-friendly. In addition to the company’s efforts to license its technologies to lighting manufacturers, PureSpectrum has designed a full line of proprietary dimmable, high Power Factor CFLs ranging from 9 watts to 42 watts for distribution in North American Free Trade Association (NAFTA) countries in 2009.

“We believe the Energy Efficiency & Sustainability Symposium is an ideal stage for our products to make their debut,” Vanatta said. “We will be surrounded by some of the leading minds in the green movement, and our technologies and products have been designed to further our corporate mission of encouraging the use of energy efficient lighting products. As we have stated from the beginning, this company is committed to creating green technology and facilitating the widespread use of energy efficient lighting. We are excited to be able to introduce our contribution to this movement at the Energy Efficiency & Sustainability Symposium.”   

Independent testing has proven that PureSpectrum’s breakthrough circuitry topology enables unmatched linear regressive dimming capability for ballast-driven lighting applications. In addition to more reliable dimming capability, PureSpectrum’s dimmable CFL contains far fewer components than conventional dimmable CFLs, allowing the retail cost to be substantially lower than any dimmable CFL currently on the market.    

The company has initiated an aggressive sales and marketing campaign directed at utility companies and will distribute product in the first quarter of 2009. All PureSpectrum CFL products are dimmable and will be compliant with established performance standards set forth by Energy Star, Underwriters Laboratory (UL) and the Federal Communications Commission (FCC).

The Energy Efficiency and Sustainability Symposium is a conference focusing on the efficacy of green programs and initiatives as well as the most recent green technologies, products and services being applied within the industrial and commercial sector. The symposium will feature presentations on topics such as corporate sustainability, green manufacturing, renewable energy, energy efficiency and green building practices. The event is designed to attract sustainability and green program managers, product developers and service managers seeking to enhance organizational green practices, operators of renewable and alternative energy systems or programs as well as facility, manufacturing and industrial operations managers. 

Please call Jeff Clark at (912) 961-4980 for more information about PureSpectrum, Inc. or visit www.purespectrumlighting.com to see a short video featuring PureSpectrum’s dimming technology compared to commercially available dimmable CFL bulbs. Please contact Shareholder Development Group at (770) 518-3449 or info@shareholderdg.com for investment information.

END

ABOUT PURESPECTRUM

PureSpectrum, Inc. is a technology company founded and headquartered in Savannah, Ga., that has developed breakthrough patent-pending ballast and dimming technology for artificial lighting. The company’s mission stems from an awareness of the increasing urgency to encourage the adoption of energy efficient lighting solutions through superior performance. PureSpectrum continues its commitment to researching and developing technologies and products that satisfy consumer demand and meet energy conservation standards. 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.

Zhong Lun is a top three firm in China with more than 500 attorneys and staff members and offices in Beijing, Shanghai, Shenzhen, Guangzhou and Tokyo. Australasian Legal Business (ALB) recognized the Zhong Lun as the Best-Managed Firm in China for the past two years, and the firm was voted the 2007 Beijing Law Firm of the Year. PureSpectrum will work primarily with the International Business Group at Zhong Lun, a team of approximately 80 attorneys who provide expert legal advice on all aspects of foreign investment and activity in China.

PureSpectrum president and CEO Lee Vanatta said Chinese legal counsel has become necessary during the past two months as the company is negotiating contract manufacturing agreements with Chinese lighting manufacturers to build PureSpectrum products and international interest in PureSpectrum’s innovative lighting technologies has escalated. Several of the world’s largest lighting manufacturers have manufacturing facilities in China, and Vanatta said PureSpectrum must be prepared to move quickly while also ensuring the utmost protection for the company’s ballast circuitry and product designs.

“PureSpectrum has reached the point where we are receiving interest from multiple multinational lighting interests and planning the domestic and international introduction of our own proprietary lighting products,” said Vanatta, who will attend the United Arab Emirates Global Investment Forum in Dubai later this month. “The retention of Chinese counsel was imperative to assure full protection of our technologies to allow us to achieve optimum value for our shareholders. We are confident that the accomplished and respected attorneys at Zhong Lun will be a significant benefit as we continue to move forward in our efforts to produce and distribute PureSpectrum’s technologies and products.”

PureSpectrum has completed production of a full line of dimmable, high Power Factor enabled Compact Fluorescent Lamp prototypes ranging from from 14 watts to 23 watts and available in Edison screw-in or pin-based designs. The company’s engineering team is working rapidly to complete proprietary prototypes for a full line of dimmable linear fluorescent ballasts and a two-wire lighting control device that is capable of dimming virtually any existing lighting product.

PureSpectrum has established itself as a leader in lighting innovation through the creation of unique electronic ballast circuitry lighting products created through its market driven approach to improving the performance of ballast driven lighting applications. The company recognized needs within the lighting industry associated with the transition to more energy efficient products and specifically addressed the performance areas identified through market research. PureSpectrum’s ballast design incorporates true dimming capability and high Power Factor ratings for fluorescent lighting with minimum components and without compromising lamp life or longevity. Throughout the development process, PureSpectrum has supported its development by commissioning thorough independent testing for all of its technologies and products.

Please call (912) 961-4980 for more information about PureSpectrum, Inc. or visit www.purespectrumlighting.com to see a short video featuring PureSpectrum’s dimming technology compared to commercially available dimmable CFL bulbs. Please contact Shareholder Development Group at (770) 518-3449 or info@shareholderdg.com for investment information.

END

ABOUT PURESPECTRUM

PureSpectrum (Pink Sheets: 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 more efficient energy solutions. PureSpectrum currently holds the rights to multiple patents and patent applications related to an electronic ballast design which would produce a soft switching environment during power conversion for artificial lighting. PureSpectrum will continue its commitment to researching, developing and refining ideas that will provide the most energy efficient, cost effective methods for powering 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.

PureSpectrum president and CEO Lee Vanatta said the company plans to release financial statements for the third quarter of 2008 by the end of the month.

“We realize that the release of this documentation comes a little later than expected, but we feel we are on the verge of becoming a much larger entity and we believe that a more thorough review was warranted in order to be able to fully divulge the health of the company to our shareholders and prospective shareholders,” said PureSpectrum president and CEO Lee Vanatta, who will travel to Dubai later this month for the United Arab Emirates Global Investment Forum. “Because of the global need for green technology products and particularly lighting innovations which make energy efficient lighting more user-friendly, we are receiving considerable interest globally from the lighting industry and the investment community. As the pace of our development continues to accelerate, we are working diligently as an organization to retain the commitment to corporate responsibility and scientific integrity which has propelled us into this position.”

As the stock market experienced extreme turmoil during the past few months, PureSpectrum remained steady by concurrently narrowing the company’s focus while also expanding the company’s scope of business. PureSpectrum substantially improved its ability to begin generating both immediate and long-term revenue by initiating contract manufacturing arrangements for the company’s line of innovative dimmable Compact Fluorescent Lamps and dimmable linear fluorescent fixtures that offer unprecedented performance and ballast design features. The company also improved its position within the lighting industry by filing additional patent applications, strengthening relationships with prospective licensing partners and expanding both its internal personnel and external resources.

As the company continues its preparations to elevate its stock from the National Quotation Bureau Exchange or Pink Sheets to the American Stock Exchange (AMEX), the financial statements released this morning reflect the commitment to accountability and transparency among the members of PureSpectrum’s executive staff and board of directors.  

Go to www.purespectrumlighting.com or www.pinksheets.com to view PureSpectrum’s full financial documentation through June 30, 2008. Call Jeff Clark at (912) 961-4980 for more information about PureSpectrum, Inc. or contact Shareholder Development Group at (770) 518-3449 or info@shareholderdg.com for investment information.

END

ABOUT PURESPECTRUM

PureSpectrum, Inc. is a technology company founded and headquartered in Savannah, Ga., that has developed breakthrough patent-pending ballast and dimming technology for artificial lighting. The company’s mission stems from an awareness of the increasing urgency to encourage the adoption of energy efficient lighting solutions through superior performance. PureSpectrum continues its commitment to researching and developing technologies and products that satisfy consumer demand and meet energy conservation standards. 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.

Following the meeting, PureSpectrum President and CEO Lee Vanatta will discuss the company’s progress and technology advances during the past year and accept questions from any and all shareholders in attendance.

“The company has made a tremendous amount of progress and achieved a number of critical milestones within the past year, and I welcome the chance to share our accomplishments with our shareholders,” Vanatta said. “We have made great strides toward achieving our ultimate goals, and we are confident we will be able to take advantage of the many opportunities presented to the company and our shareholders by following the strategies we have established and remaining true to our philosophy of transparency and integrity.”

The formal notice of meeting will be mailed to the Company’s shareholders in the near future.Shareholders interested in attending the meeting may contact Jeff Clark at (912) 961-4980 or jclark@purespectrumlighting.com to obtain more details.

END

ABOUT PURESPECTRUM

PureSpectrum, Inc. is a technology company founded and headquartered in Savannah, Ga., that has developed breakthrough patent-pending ballast and dimming technology for artificial lighting. The company’s mission stems from an awareness of the increasing urgency to encourage the adoption of energy efficient lighting solutions through superior performance. PureSpectrum continues its commitment to researching and developing technologies and products that satisfy consumer demand and meet energy conservation standards. 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.

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.

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.

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.