PureSpectrum Enters into a JV Agreement with CSU
October 08 2014 - 4:00AM
InvestorsHub NewsWire
Vero Beach, FL - October 08, 2014 - InvestorsHub NewsWire
- PureSpectrum, Inc. (OTC Pink:
PSRU), Chairman of the Board and Chief Executive Officer,
Gregory F. Gustin, has announced that the Company entered a Joint
Venture Agreement (“JVA”) with Central Sun Ukraine LLC (“CSU”).
“Central Sun Ukraine is a multi-disciplined organization based in
Kiev, Ukraine. Amongst its many ‘assets’ is that it is an approved
‘Foreign Investment Company’. Such approval allows for investments
into Ukraine that might otherwise be restricted.” said Mr. Gustin,
who is also part owner and President of CSU.
In addition, CSU has recently established its Commodities SUGAR
Division. This week CSU will countersign an offer for the exclusive
allocation from three government sugar refineries in Ukraine. CSU’s
allocation will be 100,000 metric tons per month. The first
shipments are scheduled within thirty days, with plans to reach the
full allocation with ninety days. In exchange for 500,000,000
common shares of PRSU Stock, CSU will remit 20% of Sugar COOP
Profits to PRSU. Using current market pricing, for both PRSU shares
and refined beet sugar, PRSU anticipates a significant return on
its investment.
Mr. Gustin further states, “Not only will this JVA generate
our first revenues with positive cash flow, it provides our firm a
formal introduction into the global market of food grade
commodities.”
About PureSpectrum, Inc.
PureSpectrum ("PSRU") is a newly formed US entity. Its principals
have nearly sixty years' experience creating and managing several
business enterprises. PSRU was initially created to provide
business development consulting support to its affiliates in
Europe. Even though several of those affiliates have been in
various business endeavors for many years (some for decades) they
still sought our support to modernize their business practices.
Disclosures can be found on the Company’s online disclosure portal
at: http://www.otcmarkets.com/stock/PSRU/filings
Forward-looking statements:
Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements.
Forward-looking information is inherently subject to risks and
uncertainties, and actual results could differ materially from
those currently anticipated due to a number of factors, which
include but are not limited to, risk factors inherent in doing
business. Forward-looking statements may be identified by terms
such as "may," "will," "should," "could," "expects," "plans,"
"intends," "anticipates," "believes," "estimates," "predicts,"
"forecasts," "potential," or "continue," or similar terms or the
negative of these terms. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. The company has no obligation to update these
forward-looking statements.
Investor Relations
PureSpectrum Inc.
Vero Beach, FL 32960
Website: http://purespectruminc.com/
Phone: 863-800-0210
Email: contact@purespectruminc.com
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