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Article Excerpt
M2 PRESSWIRE-31 July 2008-InvestSource, Inc.: PureSpectrum, Inc. Announces New Chairman of Board of Directors: President and CEO Lee Vanatta; Technology Company Also Adds Attorney David Michael Conner to Team(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:31072008
Stocks in the news: PureSpectrum, Inc. (Other OTC:PSPM.PK), Puget Energy (NYSE:PSD) Active Power, Inc. (NASDAQ: ACPW), Calpine Corporation (NYSE:CPN)
July 29, 2008 - PureSpectrum, Inc. (Other OTC:PSPM.PK) president and CEO Lee Vanatta has been designated the chairman of the company's board of directors, and veteran corporate attorney David Michael Conner has joined the board of directors.
Through comprehensive market research and progressive engineering, PureSpectrum has created dimming ballast technology for fluorescent lighting products. During the past six months, the company's maturation has rapidly accelerated and PureSpectrum has been in discussions with several global, international lighting manufacturers regarding licensing the technology for commercial production.
Vanatta, who has provided leadership as a member of the board of directors since the company's inception in 2006, said he will continue to identify strategies and actions to promote long-term growth and enhance shareholder value.
"I appreciate the faith and confidence the board of directors and shareholders have placed in me by electing me to this position," Vanatta said. "I have been clearly directed to continue strengthening the company in order to elevate our stock to a more stable stock exchange by the end of the year. I understand there are revenue and asset requirements required to enable the company to make this move, and I am very...
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