San Diego, CA 7/11/2009 11:46:57 AM
Purespectrum Sinks, Fluorescent Lamp 'Interest' Not Enough
Shares of Purespectrum, Inc. (PSPM) took a hit last week despite encouraging news that its dimmable compact fluorescent lamps (CFL) were gaining the interest of utility companies.
Purespectrum, Inc. (PSPM) shares were sold on heavy volume last week, with the bulk of it coming behind Friday's loss. The pullback fulfilled a technical trading pattern set up a few weeks ago, and materialized despite the apparently successful launch of its dimmable compact fluorescent lamp (CFL) business. To read the entire analytical review of the company and its stock, please go to: www.smallcapnetwork.com/s/.
About Purespectrum, Inc.
PureSpectrum, Inc. is a technology-driven lighting company headquartered in Savannah, Ga., that has developed technology solutions for energy efficient lighting and superior energy efficient lighting products in multiple categories. The company's mission is grounded in the quest to preserve natural resources and a belief that energy efficient lighting can only truly be embraced through improved performance. Through intuitive engineering, PureSpectrum designed innovative technology that enables maximum energy efficiency and optimal performance without increased cost or confusion for the consumer. PureSpectrum continues its commitment to researching and developing technologies and products that satisfy consumer demand and advance the cause of energy conservation. For more information on PureSpectrum, please call (912) 961-4980 or visit www.purespectrumlighting.com.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Source: Small Cap Network
http://www.smallcapnetwork.com/scb/purespectrum-pspm-struggles-despite-flourescent-lamp-interest/2980/
