Reverse Merger Corner

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PSRU .0005 Merger play.

PureSpectrum (PSRU)

Tomorrows Lighting and enerSave Sign Letter of Intent to Further Discussions on Combining Two Companies
Date : 07/26/2011 @ 1:15PM
http://ih.advfn.com/p.php?pid=nmona&article=48576360

Tomorrows Lighting, Inc., a subsidiary of PureSpectrum, Inc. (PINKSHEETS: PSRU), has been engaged in discussions with enerSave, a New York-based company, which has culminated in the signing of a letter of intent to for Tomorrow's Lighting to acquire enerSave.

The objective of the proposed combination would be to capitalize on commonalities in each company's product development strategies and complementary product lines. This will allow maximum market penetration in the energy efficient lighting sector. With the signing of the letter of intent, the two companies have agreed to more formally explore the benefits to be achieved through the proposed combination. Closing of the transaction will be subject to the execution of a definitive agreement which will more fully set forth the terms and conditions of the transaction.

Tomorrows Lighting is marketing and selling residential and commercial dimmable energy efficient lighting. enerSave has developed innovative energy-efficient technology-driven lighting solutions for commercial and industrial lighting. The two companies share a commitment to creating, identifying and introducing energy efficient lighting products and solutions which satisfy consumer demand while providing superior performance.

"A combination of Tomorrows Lighting market position and enerSave's ability to offer low-cost lighting solutions, we feel that Tomorrows Lighting will see an immediate advantage and increased short term opportunities," said PureSpectrum CEO Gregory Clements. "In addition the people within the enerSave organization bring decades of lighting experience and contacts that we have never had access to before."

Shareholders will be able to follow updates regarding Tomorrow's Lighting at www.tomorrowslighting.com


Purespectrum, Inc. (PSRU)
http://investorshub.advfn.com/boards/board.aspx?board_id=19567