InvestSource, Inc.: High Power Factor Rating for PureSpectrum's Dimmable Electronic Ballast Technology is Confirmed by Independent Testing

Jul 25, 2008 (M2 PRESSWIRE via COMTEX) -- VITL | Quote | Chart | News | PowerRating -- Stocks in the News: PureSpectrum, Inc. (Other OTC: PSPM), Qualcomm Incorporated (NASDAQ: QCOM), Kinross Gold Corporation (NYSE: KGC), General Electric Company (NYSE: GE), Vital Signs, Inc. (NASDAQ: VITL), and Alliance Data Systems Corporation (NYSE: ADS)

July 23, 2008 -- PureSpectrum, Inc. (Other OTC: PSPM | Quote | Chart | News | PowerRating) has confirmed through independent testing that the company's proprietary dimmable ballast technology for Compact Fluorescent Light (CFL) bulbs rates extremely high in a critical performance area called Power Factor. Power Factor is a complicated mathematical formula which measures power quality that is currently unfamiliar to most people, but the ramifications of this ratio will soon become a high priority in every household in the United States. A perfect Power Factor rating is 1.0, and PureSpectrum's dimmable CFL ballast technology rated .974 in independent testing performed at a NVLAP-certified facility at the request of multiple prospective licensing partners. As the incandescent bulb, the primary residential light bulb for more than 100 years, is replaced en masse during the next four years as the 2007 Energy Bill goes into effect, consumers may be surprised to learn that using energy efficient CFL bulbs with low Power Factor could cause household energy bills to rise. While CFL bulbs are considerably more energy efficient than incandescent bulbs, CFL bulbs draw electricity differently than incandescent bulbs and harmonic distortion created by electronic ballasts in CFL bulbs can result in harmonic distortion. Harmonic distortion reduces power quality, and this energy imbalance can lead to extensive and expensive corrective actions by utility companies. Furthermore, there has never been a study of the effects of Power Factor on lighting in the U.S., and with a variety of CFL bulbs with varying Power Factor ratings being introduced and installed industry experts are not able to accurately predict the total cost or effect of low Power Factor CFL bulbs. "There is no reliable data to represent the final impact that Power Factor will have on the fluorescent lighting market, but it will certainly be a competitive advantage for any manufacturer to be able to offer a CFL product with high Power Factor," said PureSpectrum president and CEO Lee Vanatta. "We recognize that Power Factor is going to be tremendously important part of the equation for the lighting industry as lighting manufacturers and utility companies begin to digest the scope of the transition that is about to occur. Our research has made us aware the widespread use of low Power Factor CFL bulbs during the next few years will damage power quality and result in expensive corrective procedures for the utility companies and that expense will be passed on to the consumer. "We have seen one study that estimated the cost of power factor correction to be as much as $4 for every 20-watt CFL that is installed," Vanatta added. Most brand name CFL bulbs currently on the market in the U.S. have low or poor Power Factor ratings, and recent research has concluded that the mass introduction of low power factor CFL bulbs would result in a costly degradation of power quality. That cost will ultimately be passed along to the consumer by the utility companies through the introduction of new meters which measure not only usage but also power factor.

July 24, 2008 -- Qualcomm Incorporated (NASDAQ: QCOM | Quote | Chart | News | PowerRating) announced its financial guidance for the fourth fiscal quarter and fiscal year ending September 28, 2008. The following statements are forward looking and actual results may differ materially. Please see "Note Regarding Forward-Looking Statements" at the end of this news release for a description of certain risk factors and Qualcomm's annual and quarterly reports on file with the Securities and Exchange Commission (SEC) for a more complete description of risks that may affect the forward-looking statements. Pro Forma Defined: Pro forma results and guidance exclude the Qualcomm Strategic Initiatives (QSI) segment, certain estimated share-based compensation, certain tax items related to prior years and acquired in-process research and development (R&D) expense.

July 24, 2008 Kinross Gold Corporation (NYSE: KGC | Quote | Chart | News | PowerRating) and Aurelian Resources Inc. announced that their respective Boards of Directors have approved a business combination by way of a friendly offer by Kinross to acquire 100% of the outstanding common shares of Aurelian, and that they have signed a Support Agreement pursuant to which Aurelian's Board of Directors has unanimously agreed to support the Kinross offer. The total value of the offer is approximately $1.2 billion.

July 24, 2008 -- GE Healthcare, a unit of General Electric Company (NYSE: GE), and Vital Signs, Inc. (NASDAQ: VITL | Quote | Chart | News | PowerRating) announced that they have entered into a definitive merger agreement for GE to acquire Vital Signs. Under the terms of the agreement, shareholders of Vital Signs will receive $74.50 per share in cash for each Vital Signs share they own. Vital Signs is a global provider of medical products applicable to a wide range of care areas such as anesthesia, respiratory, sleep therapy and emergency medicine. Vital Signs has a broad product offering of innovative single-patient use products which offer significant cost advantages and improved patient care features, including reducing the potential of transmitting infections from one patient to another. Vital Signs will become part of GE Healthcare's Clinical Systems business, a world-class provider of advanced technologies for patient monitoring, anesthesia delivery and acute respiratory care. The strong strategic fit between the two businesses will offer substantial customer benefits through complementary product and service offerings.

July 24, 2008 -- Alliance Data Systems Corporation (NYSE: ADS) announced the pricing of $700 million aggregate principal amount of convertible senior notes due 2013 (the "Notes") through offerings to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Alliance Data has granted to the initial purchasers of the Notes an option to purchase up to an additional $105 million aggregate principal amount of the Notes solely to cover over-allotments, if any. Holders of the Notes will have the right to require Alliance Data to repurchase for cash all or some of their Notes upon the occurrence of certain events. The Notes will be general unsecured senior obligations of Alliance Data, will pay interest semi-annually at a rate of 1.75% per annum, will be convertible during certain periods and under certain circumstances and, subject to earlier repurchase by Alliance Data or conversion, will mature on August 1, 2013. Upon conversion, holders of the Notes will receive, at the election of Alliance Data, cash, shares of Alliance Data's common stock or a combination of cash and shares of Alliance Data's common stock, based on the applicable conversion rate at such time. The Notes have an initial conversion rate of 12.7392 shares of common stock per $1,000 principal amount of the Notes (which is equal to an initial conversion price of approximately $78.50 per share), representing an initial conversion premium of approximately 22.5% above the closing price of $64.08 per share of Alliance Data's common stock on July 23, 2008.

Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism. The major indexes fell about 2 percent, including the Dow Jones industrial average, which lost more than 275 points. The National Association of Realtors said sales resumed their decline in June after a slight rebound in May. Existing home sales declined by 2.6 percent in June, well beyond the 1 percent drop economists had forecast. Investors punished shares of homebuilders and financial companies Thursday because both sectors have struggled with the declining housing market. Alan Lancz, director at investment research group LanczGlobal, said investors are concluding that while financials had been oversold and were due for a rebound, problems remain with tight credit and souring mortgage debt. "You have the rally and you almost get the hangover now where you say 'You know, we're not out of the woods yet,'" he said. According to preliminary calculations, the Dow fell 283.10, or 2.43 percent, to 11,349.28. It was the biggest decline for the Dow since June 26. The pullback erased the nearly 170 points added in the two prior sessions. Last week, the Dow gained nearly 400 points. While some declines after the latest rally wouldn't have come as a surprise, the drop Thursday revealed fresh unease about the economy. Broader stock indicators also declined. The Standard & Poor's 500 index fell 29.65, or 2.31 percent, to 1,252.54. A jump in Amazon.com Inc. shares helped contain some of the decline in the technology-heavy Nasdaq composite index, which fell 45.77, or 1.97 percent, to 2,280.11. Stocks had risen in the prior two sessions as the price of oil declined. Oil is now down more than $20 after just weeks ago hitting a record above $147 a barrel. A barrel of light, sweet crude rose $1.05 Thursday to settle at $125.49 on the New York Mercantile Exchange. Bond prices jumped Thursday as some investors looked for the safety of government debt. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 4.02 percent from 4.12 percent from late Wednesday. The dollar was mixed against other major currencies, while gold prices rose. Financial stocks declined again Thursday after rising sharply in the past week from their recent lows.

ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com.

To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation to buy or sell securities. InvestSource, Inc. has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by InvestSource, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release.

InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market. Please consult your broker before purchasing or selling any securities mentioned herein. InvestSource has agreed to be compensated 58,600 of free trading shares of PSPM for services rendered. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).

CONTACT: InvestSource, Inc WWW: http://www.investsourceinc.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index