SOURCE: PureSpectrum, Inc.

June 19, 2008 07:30 ET

PureSpectrum, Inc. Expands Corporate Structure in Preparation for Licensing Agreements

Lighting Technology Company Adds Personnel and Resources as Discussions Continue With Lighting Manufacturers

SAVANNAH, GA--(Marketwire - June 19, 2008) - Lighting technology company PureSpectrum, Inc. (PINKSHEETS: PSPM) has added personnel and expanded its corporate structure in anticipation of signing licensing partnerships within the lighting industry.

The company has appointed Jeff Clark to the position of Vice President of Administration, retained the law firm of Alston + Bird LLP for additional support in the area of intellectual property protection and engaged the CPA firm of Deemer, Dana and Froehle LLP to prepare a full valuation of the company's technologies. Additionally, veteran corporate attorney David Michael Conner, a partner in the law firm of Bouhan, Williams and Levy LLP in Savannah, Ga., has been appointed special counsel and an advisor to the board of directors.

PureSpectrum president and CEO Lee Vanatta said the additions to the corporate foundation fortified the company's infrastructure and augmented the company's resources, enabling PureSpectrum to continue its rapid maturation during ongoing discussions with prospective licensing partners for the company's breakthrough electronic ballast technologies.

"We understand that we are growing and evolving as a company, and we are committed to being thoroughly prepared for the next phase of PureSpectrum's development," Vanatta said. "We have received positive feedback and strong interest from several manufacturers, and we understand that there will be increased responsibilities financially and administratively once we have entered into a licensing agreement. The addition of Jeff Clark and the other relationships we have solidified give us the necessary staff and experience to continue aggressive pursuit of multiple licensing partners with the appropriate internal infrastructure in place."

Clark's previous experience includes more than 20 years as an executive level commercial lending officer for multiple financial institutions. He will be responsible for coordinating communication between PureSpectrum and its eventual licensing partners, managing communication between the company's engineering team and sales team and supporting the company's ongoing efforts to expand its patent portfolio protection.

PureSpectrum is an emerging technology company on the leading edge of technology developments to improve the performance capabilities of energy efficient fluorescent lighting. The company owns the rights to multiple patents and patents pending related to innovative, proprietary technology for electronic ballasts.

Go to www.purespectrumlighting.com or www.pinksheets.com for more information about PureSpectrum or to view PureSpectrum's full financial documentation through December 31, 2007. Call (912) 961-2980 with inquiries regarding PureSpectrum or PureSpectrum Technology.

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 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.

Contact Information

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    Stephen Weeks
    (912) 356-5770