PureSpectrum Announces Corporate Direction and Business Model
June 27 2011 - 1:00PM
Marketwired
PureSpectrum, Inc. (OTCBB: PSRU) announced an update on its
corporate direction and business model. PureSpectrum will operate
as a diversified holding company that will seek to bring management
resources and economies of scale to various acquisition
opportunities that management is interested in pursuing on behalf
of its shareholders.
It is management's intent to identify potential acquisition
candidates. We will not limit our search to any business or
industry. Upon completion of any acquisition, we intend to develop
these businesses under the PureSpectrum umbrella. Management
believes that this model will allow the various acquisitions to
grow independent of other non-related operations and maximize the
value and return to the current shareholders.
As previously announced, PureSpectrum has formed a wholly-owned
subsidiary, Tomorrow's Lighting, and has transferred all patents
and technology rights to this new subsidiary. Additionally,
management has elected to transfer all of its lighting assets to
Tomorrow's Lighting in keeping with its current plans for the
future of PureSpectrum. With the transfer of all lighting assets to
the subsidiary and operating PureSpectrum as a holding company,
management will have more flexibility with respect to its ongoing
operations.
CEO Gregory Clements stated, "I am extremely excited about the
direction we are about to embark on with PureSpectrum. There are a
number of acquisitions that we feel we can bring valuable resources
to PureSpectrum. With these acquisitions, PureSpectrum will allow
these companies to grow and maximize potential while preparing to
operate as a majority-owned subsidiary of a publicly traded
subsidiary."
Shareholders will be able to follow updates regarding Tomorrow's
Lighting at www.tomorrowslighting.com.
ABOUT PURESPECTRUM PureSpectrum, Inc. is a company focused on
sales of lighting products headquartered in New York, NY. The
company's mission is grounded in the quest to preserve natural
resources and a belief that energy efficient lighting will be
embraced and absorbed through improved performance. PureSpectrum is
introducing products and identifying technologies that enable
energy conservation and improved performance without increased cost
or confusion for the consumer. Please call (912) 318-9148 or visit
www.purespectrumlighting.com for more information.
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. For additional
information concerning risk factors, please refer to the securities
filings at http://www.otcbb.com/asp/Info_Center.asp.
CONTACT: PureSpectrum, Inc. Greg Clements 912-318-9148
ir@purespectrumlighting.com
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