Attached files
| file | filename |
|---|---|
| 8-K - PURESPECTRUM, INC. | v164759_8k.htm |
| EX-3.1 - PURESPECTRUM, INC. | v164759_ex3-1.htm |
| EX-3.2 - PURESPECTRUM, INC. | v164759_ex3-2.htm |
EXHIBIT
99.1
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Media
Contact:
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(912)
484-9743
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sweeks@purespectrumlighting.com
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PureSpectrum,
Inc. president and CEO Lee Vanatta will present at today’s
“The
Future of Energy Investing: Exploration, Production and Clean Technology
Conference”
PureSpectrum
a featured company at conference sponsored
and
hosted by New York Society of Security Analysts
SAVANNAH, GA – PureSpectrum,
Inc. (OTCBB: PSRU) president and CEO Lee Vanatta will be a presenter at today’s
The Future of Energy Investing: Exploration, Production and Clean Technology
Conference sponsored and hosted by the New York Society of Security Analysts
(NYSSA) on November 4.
As an
emerging company in the energy efficient lighting sector, Vanatta will discuss
PureSpectrum’s goals for the near and long term, including product rollouts and
revenue projections for 2010. Vanatta said the company’s goals for 2010 include
bringing multiple new products to market during the year and achieving positive
cash flow during the second quarter.
PureSpectrum’s
market driven approach to product development includes identifying, developing,
branding and marketing energy efficient lighting products for domestic and
international delivery. The company’s market research determined that lack of
dimming capability was a primary consumer complaint about Compact Fluorescent
Lamp (CFL) bulbs. In 2009 PureSpectrum branded and began offering a 20-watt
dimmable Compact Fluorescent Lamp (CFL) that outperforms other brand name
dimmable CFLs.
Based on
the overall size of the international lighting market, feedback received while
marketing and selling the company’s initial product offering in 2009 and current
projections for sales of existing and future product offerings, Vanatta will
state that the company expects to generate $66 million in gross revenue
resulting in $11 million in net income with fully diluted earnings per share of
stock presently outstanding of $.04 in 2010.
The
revenue projections are based on the company’s current proposed product launch
calendar for 2010, and future revenue projections could be affected by changes
in anticipated product delivery dates. Revenue for the first quarter is based on
expected sales of the 20-watt dimmable CFL as well as sales for additional
dimmable CFL products that the company expects to launch during the first three
months of the year. The company is currently finalizing its product launch
schedule based on feedback from engineering and manufacturing partners, and
sales are projected to increase during the year as additional products become
available.
340
Eisenhower Drive, Suite 610 • Savannah, GA 31406-1616 • P 912.961.4980 F
912.351.4501 www.purespectrumlighting.com
Vanatta
will address the company’s plan to continue to apply a market driven development
strategy that will guide product development as well as identify opportunities
within the market for high performance, cost effective energy efficient
lighting. In 2010, the company is planning to add to its product line by
launching additional CFL products as well as linear fluorescent products which
address the needs of the commercial and industrial sectors of the lighting
markets.
“The
global lighting market is experiencing an important period of transition, and
PureSpectrum will continue striving to develop and discover high performance
energy efficient lighting alternatives aimed at satisfying consumer performance
standards,” Vanatta said. “Our company is dedicated to promoting the use of high
quality, energy efficient lighting products by bringing to market products and
technologies which specifically address consumer needs and complaints. We will
continue putting the consumer’s needs first as we develop and discover new
products and technologies that can benefit the global quest for energy
efficiency.”
Call
(912) 961-4980 or visit www.purespectrumlighting.com
for more information.
END
ABOUT
PURESPECTRUM
PureSpectrum,
Inc. is a technology-driven lighting company headquartered in Savannah, Ga.,
that is striving to develop performance based technology solutions for energy
efficient lighting in multiple categories. 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 designing technology and products that enable energy
conservation and improved performance without increased cost or confusion for
the consumer. PureSpectrum plans to continue its commitment to researching and
developing technologies and products that satisfy consumer demand and advance
the cause of energy conservation. Please call (912) 961-4980 or visit www.purespectrumlighting.com
for more information on PureSpectrum.
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.
340
Eisenhower Drive, Suite 610 • Savannah, GA 31406-1616 • P 912.961.4980 F
912.351.4501 www.purespectrumlighting.com