Pink Sheets Penny Stock News
Technology Company Also Strengthens Leadership Through Addition of Accomplished Attorney David Michael Conner
Jul 29, 2008 7:30:00 AM
SAVANNAH, GA -- (MARKET WIRE) -- 07/29/08 -- PureSpectrum, Inc. (PINKSHEETS: PSPM) 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 confident that we will meet those standards to join the ranks of fully reporting publicly held companies."
Conner is a partner in the Savannah law firm of Bouhan, Williams & Levy LLP and was appointed special counsel for PureSpectrum's board of directors earlier this year. Conner is a fellow of the Litigation Counsel of America and has been named a Georgia Rising Star twice by Super Lawyers. During his 14 years as a corporate litigator, he has developed a reputation for excellence while serving a diverse group of clients ranging from Fortune 500 corporations to individuals.