SOURCE: PureSpectrum, Inc.

October 01, 2008 16:05 ET

PureSpectrum, Inc. Engages Compliance Consultants in Preparation for Move to Elevated Stock Exchange

Technology Company Contracts With Securities Control Compliance, LLC

SAVANNAH, GA--(Marketwire - October 1, 2008) - PureSpectrum, Inc. (PINKSHEETS: PSPM) has continued its efforts to become a fully reporting publicly held company and elevate its stock to the American Stock Exchange (AMEX) by engaging Securities Control Compliance, LLC, as compliance consultants.

PureSpectrum, which has generated significant interest from the lighting industry this year after introducing performance-enhancing technology for energy efficient lighting products, has nearly completed a full financial audit to satisfy reporting requirements to apply to AMEX. The company anticipates its stock to transition from the Pink Sheets to AMEX in the first quarter of 2009, but it is possible the company's stock may list on the OTC Bulletin Board for fully reporting small cap companies in the short term as PureSpectrum continues the process of applying to the AMEX with compliance and financial advisors.

Through frequent communication with shareholders during the recent turbulence within the investing community, PureSpectrum president and CEO Lee Vanatta has been able to ascertain that PureSpectrum's stakeholders remain confident in the company's business strategy and long term viability. Vanatta said becoming a fully reporting company and posting the stock on a more established exchange will give PureSpectrum shareholders additional confidence in the company's commitment to integrity while also clearly indicating to prospective shareholders that the company adheres to the business practices of higher quality corporations found on the AMEX.

"Our business model and ethic has always stressed the kind of transparency found among more established, fully reporting public companies," Vanatta said. "Furthermore, the impending move to the AMEX will allow our stock to be introduced to larger institutional investment houses that are not allowed to trade in stocks from non-reporting companies. This move, and all of the decisions associated with it, is a continuation of our commitment to join the mainstream of corporate America and thus deliver the highest possible value to our shareholders."

Securities Control Compliance (SCC) has an eight-year history of successfully identifying the needs of small public or private corporations and guiding them through the increasingly complex maze of securities regulations, including accounting, investor relations, compliance and other critical issues which cannot afford to be overlooked. SCC provides invaluable assistance to clients by being able to properly prepare, file and update documents, forms, reports and statements required by the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC), national and foreign exchanges and other regulatory bodies.

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.

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.

Contact Information

  • Media Contact
    Stephen Weeks
    (912) 961-4980