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Monday, March 30, 2020
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Technology & Innovation

Pure Spectrum’s Prospects Getting "Lighter and Brighter"

SBJ Staff

It’s been a busy fall for PureSpectrum, Inc (PSPM), the Savannah lighting technology firm that is one of the city’s few companies headquartered here and also traded on a public stock market. 

The business combination transaction between PureSpectrum, Inc. and International Medical Staffing, Inc. (OTCBB: IMSG) is nearing completion. The record date for share exchange has been announced as Nov. 3, which means that current PSPM shareholders will hold free trading shares of the new successor entity following a share exchange on that date. PureSpectrum is merging with IMSG to seek additional revenue streams. The deal will also move the company off the “pink sheets” to the over-the-counter stock exchange.  The company has a number of local investors.  

PureSpectrum’s CEO, Lee Vanatta, has been attending the Hong Kong International Lighting Fair as a founding member of the Asia Lighting Compact this past week, an organization established to promote quality control for CFLs (compact fluorescent lights), and which includes national lighting associations in Asia and most influential lighting manufacturers in the world.

As the pace of sales efforts continues to accelerate, PureSpectrum, Inc.has completed an internal product development plan for 2010 that represents an expansion of the company’s corporate vision, according to Vanatta.

The company has been working aggressively through a number of marketing channels to spread the word on its dimmable CFL light bulbs.
In September, the company exhibited at the World Energy Engineering Congress in Washington, D.C., introducing its dimming, high-power factor energy efficient lighting products “to key energy efficiency and energy management audiences,” according to the company.

In early October, PureSpectrum announced that national distributor Service Concepts, the energy cooperative that provides power to 42 million people in 47 states had agreed to direct mail PureSpectrum product samples to Service Concepts’ entire customer base of the more than 900 power cooperatives that make up the Service Concepts network.

And products from PureSpectrum have also been made available to consumers through the online retailed Microlamp, particularly the company’s 20-watt dimmable compact fluorescent bulb.

All of this news and more will be outlined at PureSpectrum’s first public “update meeting” on Nov. 12 in Savannah for stockholders and the media. 

The informational meeting to discuss the company’s progress will be held at 9 a.m. at the Ralph Mark Gilbert Civil Rights Museum at 460 Martin Luther King Jr. Blvd.
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