July 29th, 2008
SAVANNAH, GA – PureSpectrum, Inc. (Pink Sheets: PSPM) president and CEO Lee Vanatta has been designated the chairman of the company’s board of directors, and veteran corporate attorney David Michael Conner has joined the board of directors.
Through comprehensive market research and progressive engineering, PureSpectrum has created dimming ballast technology for fluorescent lighting products. During the past six months, the company’s maturation has rapidly accelerated and PureSpectrum has been in discussions several global, international lighting manufacturers regarding licensing the technology for commercial production.
Vanatta, who has provided leadership as a member of the board of directors since the company’s inception in 2006, said he will continue to identify strategies and actions to promote long term growth and enhance shareholder value.
“I appreciate the faith and confidence the board of directors and shareholders have placed in me by electing me to this position,” Vanatta said. “I have been clearly directed to continue strengthening the company in order to elevate our stock to a more stable stock exchange by the end of the year. I understand there are revenue and asset requirements required to enable the company to make this move, and I am very confident that we will meet those standards to join the ranks of fully reporting publicly held companies.”
Conner is a partner in the
Savannah law firm of Bouhan, Williams & Levy LLP and was appointed special counsel for PureSpectrum’s board of directors earlier this year. Conner is a fellow of the Litigation Counsel of
America and has been named a Georgia Rising Star twice by Super Lawyers. During his 14 years as a corporate litigator, he has developed a reputation for excellence while serving a diverse group of clients ranging from Fortune 500 corporations to individuals.
Please call (912) 961-4980 for more information about PureSpectrum, Inc. or visit www.purespectrumlighting.com to view full test results and watch 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 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.