SAVANNAH, Ga., Jan. 24, 2007 (PRIME NEWSWIRE) -- PureSpectrum, Inc. (Pink Sheets:PSPM) has retained Hancock Askew & Co., LLP to perform a financial statement audit for PureSpectrum's fiscal period ended December 31, 2006.
After completing the audit, PureSpectrum, Inc. plans to register with the Securities and Exchange Commission to be traded on the OTC Bulletin Board exchange.
"Registering with the SEC to be traded on OTC Bulletin Board is the next logical step in the development of PureSpectrum, Inc.," said PureSpectrum president and CEO Lee Vanatta. "Attaining that level of full financial reporting will provide greater value and a heightened sense of confidence among our current shareholders and the investment community."
Hancock Askew & Co., LLP is a regional professional services firm with offices in Savannah, Ga. and Atlanta providing services in audit, tax, internal controls and risk management, transactions, valuation, cost segregation and other areas related to business performance. The firm is an independent member of the BDO Seidman Alliance and provides services to both public and private companies. For more information about Hancock Askew & Co., LLP, please visit www.hancockaskew.com.
PureSpectrum currently owns the rights to 13 patents and patent applications related to an innovative electronic ballast technology which produces a purified waveform during the transfer of electric current that reduces disharmony and promotes energy efficiency. In addition to increasing energy efficiency, bulbs using the PureSpectrum ballast design create a cleaner, whiter light which closely emulates the properties of natural sunlight.
ABOUT PURESPECTRUM
PureSpectrum (Pink Sheets: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 which describe the creation of a more energy efficient electronic ballast design. While marketing the technology globally, the company is also in the process of filing additional patent applications. PureSpectrum will continue its commitment to researching, developing and refining ideas that will produce 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.