InvestSource Inc.: PureSpectrum, Inc. has Complete Success in Performance Test for Dimmable Linear Fluorescent Ballast Technology

Jul 15, 2008 (M2 PRESSWIRE via COMTEX) -- SOLF | Quote | Chart | News | PowerRating -- Stocks in the News: PureSpectrum, Inc. (Other OTC: PSPM), Allegheny Technologies Incorporated (NYSE: ATI), Boeing (NYSE: BA), Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), Apple Inc. (NASDAQGS: AAPL), and Amgen (NASDAQ: AMGN)

July 14, 2008 -- PureSpectrum, Inc. (Other OTC: PSPM | Quote | Chart | News | PowerRating) has completed performance testing on its proprietary dimming ballast technology for linear fluorescents at the request of multiple major lighting manufacturers, and the data generated through the independent testing indicates the technology meets or exceeds commercial production standards for ballasts set forth by the American National Standards Institute, the U.S. Department of Energy's Energy Star program and the Federal Communications Commission. The tests were conducted at Independent Testing Laboratories, a NVLAP-certified facility in Colorado, and the data generated reinforces PureSpectrum's position within the lighting industry as leading innovator for dimming ballast technology for fluorescent lighting. Test results are being packaged and sent to all prospective licensing partners this week, and full test results will be available at www.purespectrumlighting.com. "We commissioned these tests at the request of several brand name lighting manufacturers who have expressed interest in PureSpectrum's dimmable ballast technology," said PureSpectrum president and CEO Lee Vanatta. "The data generated met or exceeded the results these manufacturers needed to see. The tests clearly confirm the viability of a manufacturer being able to immediately integrate our technology into commercial production." PureSpectrum owns several patents and patents pending related to electronic ballast and dimming technology for both Compact Fluorescent Light (CFL) bulbs and linear fluorescent ballasts. The company has been engaged in ongoing discussions for the past few months with multiple lighting manufacturers regarding licensing the technology for integration into a commercially available product line. PureSpectrum's unique ballast design for linear fluorescent lamps enables full linear regressive dimming capability and approximately 75 percent fewer electronic components than conventional dimmable ballast for linear fluorescent lamps. Vanatta said a linear fluorescent lighting manufacturer would gain a significant competitive advantage in the marketplace by being able to offer an affordable linear fluorescent product.

July 14, 2008 -- Allegheny Technologies Incorporated (NYSE: ATI) expects second quarter 2008 earnings to be in the range of $1.65 to $1.67 per share, including a $0.11 per share one-time net tax benefit. ATI had previously said that it expected second quarter earnings to be somewhat higher than the $1.40 per share achieved in the first quarter 2008. "ATI is benefiting from the ongoing transformation of the Company, and our product, market, and geographic diversification," said L. Patrick Hassey, Chairman, President and Chief Executive Officer. "In addition, our enterprise risk management programs are reducing the impact of volatile input costs on our earnings results. Our transformation and diversification strategies are designed to position ATI for growth and improved earnings, as well as providing stability of earnings and cash flows through market cycles." ATI will provide live Internet listening access to its conference call with investors and analysts scheduled for July 23, 2008 at 1 p.m. ET. The conference call will be conducted after the Company's planned release of second quarter 2008 results. The conference call will be broadcast at www.alleghenytechnologies.com. To access the broadcast, go to the home page and select "Conference Call". In addition, the conference call will be broadcast through CCBN.com. Replay of the conference call will be available on the Allegheny Technologies website.

July 14, 2008 -- Boeing (NYSE: BA | Quote | Chart | News | PowerRating) and Etihad Airways announced an order for 35 787-9 Dreamliners and 10 777-300ERs (Extended Range) at the Farnborough Airshow. Valued at $9.4 billion at current list prices, the order has been attributed on Boeing's Orders & Deliveries Web site to an unidentified customer. "The new-generation Boeing aircraft we have ordered are among the most fuel efficient and will help maintain Etihad's fleet as one of the youngest and greenest in the sky," said James Hogan, Etihad Airways' CEO. "The size of our order also mirrors the rising prominence of the Middle East and its increasing emergence as a new focal point of global aviation offering the fastest air links for travelers and freight forwarders." Since beginning commercial operations in November 2003, Etihad Airways has grown rapidly to offer service to 45 destinations. The Abu Dhabi-based airline carried 2.8 million passengers during the first six months of 2008, compared to nearly 2 million for the same period in 2007. "We count Etihad as an outstanding, world-class customer, and we congratulate the airline on its remarkable growth," said Boeing Chairman, President and CEO Jim McNerney. "Boeing's commitment to provide the world's most fuel-efficient airplanes is clearly demonstrated by both the 777 and 787, and we know Etihad will benefit from the reliability and efficiency these airplanes bring to twin-aisle operations."

July 14, 2008 -- Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), an established manufacturer of photovoltaic ("PV") cells, modules and ingots in China, announced that one of its wholly owned subsidiaries has entered into a 47.0 MW sales contract with Schuco International KG ("Schuco"), a leading PV system provider in Europe. Under the terms of the agreement, Solarfun has agreed to supply a total of 47.0 MW of PV modules to Schuco at a fixed price to be delivered according to a binding delivery schedule from December 2008 to October 2009. The PV modules are intended to be installed in major projects in south-east Europe and the Middle-East. Harold Hoskens, Chief Executive Officer of Solarfun, commented, "This is our largest project contract to date and we are happy to have signed it with Schuco. Schuco is a leading PV system provider in Europe and is recognized as an important player in the growing PV market. We look forward to further developing our relationship with them. We are also particularly happy to partner on this project since it gives us the opportunity to diversify our business outside of the more established markets in Europe and introduce our PV modules in significant quantities to south-east Europe and the Middle East, which we believe will be key markets for solar energy in the near future."

July 14, 2008 -- Apple Inc. (NASDAQGS: AAPL | Quote | Chart | News | PowerRating) announced that iPhone(TM) and iPod touch users have already downloaded more than 10 million applications from its groundbreaking new App Store since its launch late last week. Developers have created a wide array of innovative mobile applications ranging from games to location-based social networking to medical applications to enterprise productivity tools. Users can wirelessly download applications directly onto their iPhone or iPod touch* and start using them immediately. More than 800 native applications are now available on the App Store, with more than 200 offered for free and more than 90 percent priced at less than $10. "The App Store is a grand slam, with a staggering 10 million applications downloaded in just three days," said Steve Jobs, Apple's CEO. "Developers have created some extraordinary applications, and the App Store can wirelessly deliver them to every iPhone and iPod touch user instantly." Many of these amazing new applications take advantage of iPhone's large display, Multi-Touch(TM) user interface, fast hardware-accelerated 3D graphics, built-in accelerometer and location-based technology to bring far more powerful applications to the mobile arena than ever before.

July 14, 2008 -- Amgen (NASDAQ: AMGN | Quote | Chart | News | PowerRating) announced findings from a three-year pivotal Phase 3 placebo-controlled trial evaluating denosumab in the treatment of bone loss in men undergoing androgen deprivation therapy (ADT) for non-metastatic prostate cancer. In this study of more than 1,400 men, denosumab treatment produced statistically significantly greater increases in bone mineral density (BMD) at the lumbar spine (primary endpoint) and non-vertebral sites compared with placebo at multiple time points. These improvements in BMD were consistent with those seen in other denosumab studies evaluating BMD in women with breast cancer receiving aromatase inhibitor therapy, and in post-menopausal women with low bone mass. During the 36-month evaluation period, men receiving denosumab experienced less than half the incidence of new vertebral fractures (a secondary endpoint) compared with those receiving placebo, a statistically significant finding. Furthermore, in the denosumab arm there were fewer non-vertebral fractures over the 36-month period.

Wall Street extended its slump into yet another week Monday as investors worried that even a safety net set up for mortgage financiers Fannie Mae and Freddie Mac wont' head off further troubles in the financial markets. Investors' latest unease about the banking sector comes in a week when many financial names are to issue quarterly reports -- many of which will likely include sizable write-downs of souring mortgage debt. The Treasury and the Federal Reserve said Sunday they would aid Fannie Mae and Freddie Mac if needed. Wall Street has been on edge about the well-being of the government-chartered companies because they together hold or back $5.3 trillion of mortgage debt, about half the outstanding mortgages in the United States. Washington's efforts to shore up confidence in Fannie Mae and Freddie Mac at times helped those shares Monday but troubles arose in other corners of the financial sector. Investors worried about a run on IndyMac Bancorp Inc. that led to the bank's takeover by the government Friday. IndyMac is the largest regulated thrift to fail. Trading in shares of regional bank National City Corp. was briefly halted as the company responded to rumors of financial troubles. The bank said in a statement it is experiencing "no unusual depositor or creditor activity" and that as of Friday's close it had more than $12 billion of excess short-term liquidity. The rumors and sell-off of regional banks reflect the unease investors have about where financial troubles might emerge. "My sense is that investors are taking a pretty cautious stance," said Jack A. Ablin, chief investment officer at Harris Private Bank in Chicago. "The government can't bail out the whole industry." According to preliminary calculations, the Dow Jones industrial average fell 45.35, or 0.41 percent, to 11,055.19 after spiking nearly 140 points in early trading. Worries over Fannie Mae and Freddie Mac on Friday led to a volatile session in which the Dow dipped below the 11,000 mark for the first time in about two years before paring its losses; the market suffered its fourth straight losing week. Broader stock indicators also dropped Monday. The Standard & Poor's 500 index fell 11.19, or 0.90 percent, to 1,228.30, and the Nasdaq composite index fell 26.21, or 1.17 percent, to 2,212.87.

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