Sept. 27, 2007 - PureSpectrum, Inc. announces restructured revenue generation plan
September 27th, 2007SAVANNAH, GA – PureSpectrum, Inc. (Pink Sheets: PSPM) has reinforced its commitment to increasing shareholder value by introducing a restructured sales and operations plan which focuses more specifically on revenue generation. PureSpectrum owns the rights to a family of patents and patent applications related to an electronic ballast technology that improves the performance of ballast-driven lighting applications. During the past year the company dedicated much of its resources to updating and augmenting its patent portfolio and patent protection while concurrently creating an organizational infrastructure to support company’s continued research and development efforts and search for potential licensing partnerships in the lighting industry.
Within the past few weeks, PureSpectrum’s board of directors has outlined a thorough sales and marketing strategy to better identify potential domestic and international licensing partners. PureSpectrum plans to allocate resources to additional market research and product-specific marketing as the company begins a concerted push to establish PureSpectrum Technology as a recognized brand in the lighting industry. In September, the company formalized its relationship with a veteran lighting sales representative in
“We have put all of the pieces into place, and we are confident that the infrastructure we have created will carry this company through the next stage of our development,” said PureSpectrum president and CEO Lee Vanatta. “Our hard work during the past year was mainly spent creating our internal processes and strengthening the technology in certain applications. Now is the right time for our entire team to focus our energy toward the ultimate goal of becoming a revenue-generating entity.” Since PureSpectrum began publicly trading in September 2006, Vanatta has been heavily involved in the day-to-day management of fundraising and investor relations activities. Newly established relationships with consulting firms including Equiti-Trend Advisors LLC and King’s Pointe Capital will allow Vanatta the time to work more closely with Vice President of Sales Garth Kullman to set product specific strategies for PureSpectrum.
“We have completed what amounts to the first phase of our long term plan for this company, and we successfully confronted expected financial, legal, patenting and technology issues,” Vanatta said. “With those issues firmly resolved, we are now ready to launch phase two of our strategy for making PureSpectrum an acknowledged player in the lighting technology market.” Please visit www.purespectrumlighting.com or call (912) 961-4980 for more information about PureSpectrum, Inc. or PureSpectrum Technology. For investment information, please contact Equiti-Trend Advisors at (800) 953-3350.
END ABOUT PURESPECTRUM PureSpectrum (Pink Sheets: PSPM) is a publicly traded technology company founded and headquartered in
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.