PureSpectrum Share Exchange Ongoing Following Ticker Symbol Change from PSPM to PSRU and Move to OTC Bulletin Board

2009-11-10 16:43:08 -

PureSpectrum, Inc. (OTCBB: PSRU) expects trading of its stock on the OTC Bulletin Board under the ticker symbol PSRU to begin as soon as shares of the former PureSpectrum that traded on the Pink Sheets under the symbol PSPM are exchanged for shares in the new PureSpectrum. New PureSpectrum was established through a business combination transaction with the former International

Medical Staffing, Inc. (IMSG).

The share exchange has been ongoing for more than a week and is being executed by PureSpectrum’s transfer agent. Although trading has not begun for PSRU shares, the company has been advised by its transfer agent that transmittal letters providing detailed instructions to execute the share exchange were issued last week to shareholders.

Shareholders searching online for PureSpectrum may need to use the symbol PSRU.OB depending on the quote generation vehicle being used.

The company also posted the transmittal form on its website at www.purespectrumlighting.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. on November 5 and has encouraged investors who have contacted the company to read the document to better understand the process that is under way.

According to PureSpectrum vice president William R. Norton, the company is communicating frequently with its transfer agent to monitor the progress of the share exchange process. For various reasons beyond the company’s control, Norton said shareholders whose stock is held by a broker, online trading websites or other street names may be required to endure a minimally longer wait than shareholders who hold their own shares.

Although PureSpectrum cannot give a definitive date for shareholders to expect trading to begin for PSRU, shareholders who receive their PSRU shares may begin trading those shares immediately through traditional trading mechanisms. The last trade involving PSPM took place on November 3 and the price closed at $.24, but because trading for PSRU shares have not begun, a price per share has not been established for the new stock.

“The share exchange is proceeding according to the plan that was outlined for us by our transfer agent, and we are waiting to see trading begin for PSRU,” Norton said. “We understand that there may have been some anxiety created for our shareholders during this transition, and we ask for the patience of the shareholders as the process is completed.”


Call 912-961-4980 or visit www.purespectrumlighting.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. for more information.

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 : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. 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 www.otcbb.com/asp/Info_Center.asp : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .



PureSpectrum, Inc.Stephen Weeks, 912-484-9743 sweeks@purespectrumlighting.com : mailto:sweeks@purespectrumlighting.com