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PureSpectrum, Inc. and W.A.C. Lighting Sign Letter of Intent to Explore Potential Relationship
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SAVANNAH, GA, Jul 31 (MARKET WIRE) --
PureSpectrum, Inc. (PINKSHEETS: PSPM) has signed a letter of intent with
W.A.C. Lighting stating that the two companies will continue discussions
toward developing a licensing arrangement that would integrate
PureSpectrum's ballast technology into existing and possibly new product
lines from W.A.C. Lighting.
"We have a tremendous opportunity to work with an established and
respected company which shares our corporate values," said PureSpectrum
president and CEO Lee Vanatta. "W.A.C. Lighting has propelled itself to
the upper echelon of the lighting industry through a commitment to
innovation and a culture of excellence. After our initial discussions,
there was a clear business interest for both companies and we agreed to
work together during the next month to clearly define the scope of a
potential licensing agreement.
"We believe our technology would provide a competitive advantage in the
marketplace, and we are extremely pleased to be able to continue
discussions with a company that has a proud history of achievement within
the lighting industry," Vanatta concluded.
PureSpectrum owns multiple patents and patents pending for innovative
electronic ballast technology for fluorescent lighting. During the past
few months, the company's technology has been tested by several leading
lighting manufacturers, and feedback gained through those interactions
allowed PureSpectrum's advance technology team to refine its circuitry for
optimum performance in preparation for licensing the technology and
integrating it into the manufacturing process.
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.
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.
Media Contact
Stephen Weeks
(912) 356-5770
Copyright 2008, Market Wire, All rights reserved.
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