InvestSource, Inc.: PureSpectrum, Inc. Plans to Build Full Compact Fluorescent Lamp (CFL) Prototype Product Line

Aug 15, 2008 (M2 PRESSWIRE via COMTEX) -- LCC | Quote | Chart | News | PowerRating -- Stocks in the News: PureSpectrum, Inc. (Other OTC: PSPM), Automatic Data Processing, Inc. (NYSE: ADP), Albemarle Corporation (NYSE: ALB), Archer Daniels Midland Company (NYSE: ADM), JPMorgan Chase & Co. (NYSE: JPM) and US Airways Group, Inc. (NYSE: LCC)

August 14, 2008 -- PureSpectrum, Inc. (Other OTC: PSPM | Quote | Chart | News | PowerRating) has begun the process of manufacturing a full product line of dimmable Compact Fluorescent Lamp (CFL) prototypes as the technology company accelerates its transition from research and development into production and distribution. PureSpectrum has contracted with enerSave, an independent engineering firm specializing in lighting located in New York, to build the bulbs. The company expects to complete engineering and design work for a dimmable 23-watt CFL spiral by the end of August and plans to complete work on multiple variations of 23-watt, 42-watt, 14-watt and 9-watt dimmable CFL lamps by the end of the year. During the past four months, PureSpectrum has undergone a rapid maturation as technology advancements have allowed the company to expand the range of product applications for its technology and recognize new potential markets within the lamp and fixture industry. Concurrently, the company has added to its infrastructure while also strengthening its external resources in anticipation of additional growth. PureSpectrum has been engaged in ongoing discussions with multiple prospective licensing partners for the company's unique dimmable ballast technology. President and CEO Lee Vanatta said building a full line of dimmable prototypes will allow PureSpectrum proof of concept as well as enable the company to secure safety approvals for the designs from Underwriters Laboratory (UL) and the Federal Communications Commission (FCC) that will expedite the manufacturing process once a licensing agreement has been reached. "When we gain UL and FCC approvals, the manufacturers we are in discussions with will be able to rapidly integrate our design for a dimmable CFL into its production line with minimal modifications, shortening the lag time between a licensing agreement and bringing an actual product powered by PureSpectrum technology to market," said Vanatta, who said the designs will consist of a standard Edison mount CFL bulb with an integrated PureSpectrum ballast. "By enabling the manufacturers to quickly introduce a dependable dimmable CFL product, we will also accelerate the realization of substantial revenue generation from licensing agreements for PureSpectrum. It is our expectation that multiple manufacturers will bring dimmable CFL products built with PureSpectrum technology to market by the first quarter of 2009."

August 14, 2008 -- Automatic Data Processing, Inc. (NYSE: ADP | Quote | Chart | News | PowerRating) The board of directors of Automatic Data Processing, Inc., authorized the purchase of an additional 50 million shares of its common stock, Gary C. Butler, president and chief executive officer, announced. This is in addition to the approximately 8.6 million shares remaining to be purchased under previous share repurchase authorizations resulting in a total authorization of approximately 58.6 million shares. ADP currently has approximately 510 million common shares outstanding. Automatic Data Processing, Inc. with nearly $9 billion in revenues and over 585,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging nearly 60 years of experience, ADP offers a wide range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use, cost-effective solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.ADP.com.

August 14, 2008 -- Albemarle Corporation (NYSE: ALB), the world's leading manufacturer of flame retardants, will increase the global prices for most of its brominated flame retardants effective September 15, 2008, or as contracts allow. Albemarle is one of the world's largest developers and manufacturers of products used to protect life and property from fire in a variety of materials and products, from rigid plastics used in circuit boards, connectors and housings for consumer electronics, to automotive wire & cable, to flexible foam stocks for furniture and automotive seats, and rigid foam building and construction materials. The flame retardants business is part of Albemarle's Polymer Additives segment.

August 14, 2008 -- Archer Daniels Midland Company (NYSE: ADM | Quote | Chart | News | PowerRating) announced that it has signed an agreement to acquire the assets of Campa Sued GmbH & Co KG, subject to clearance by relevant antitrust authorities. Campa Sued GmbH & Co KG, based in Straubing, Southern Germany, operates a rapeseed crushing plant that produces oil and meal for the food, feed and Energy markets. "As ADM expands its leadership position in agricultural processing, this acquisition strengthens our soft seed activities in Central and Eastern Europe, where we previously had no processing presence," said Joe Taets, managing director, ADM Europe. "Campa's location on the Danube River, with a presence close to the markets of the Czech Republic, Hungary and Slovakia, will provide excellent additional market opportunities for ADM."

August 14, 2008 -- JPMorgan Chase & Co. (NYSE: JPM | Quote | Chart | News | PowerRating) announced that, as part of the Firm's ongoing commitment to the its customers and as part of an agreement in principle to settle investigations by the New York State Attorney General's Office and the Office of Financial Regulation of the State of Florida (on behalf of the North American Securities Administrators Association ("NASAA")), it will offer to purchase at par auction rate securities ("ARS") that are held by individual customers and certain charities and small-to-medium-sized businesses and that were purchased through the Firm prior to February 12, 2008. In addition to announcing its agreement with the state securities regulators, JPMorgan Chase acknowledges the important role that the Securities and Exchange Commission ("SEC") has played in helping to resolve the unprecedented liquidity issues that arose earlier this year in connection with these securities. JPMorgan Chase has informed the SEC of its agreement with the states and continues to fully cooperate with the SEC's ongoing investigation. The offer will cover an estimated $3 billion in ARS. JPMorgan Chase will offer to purchase at par all ARS held by its individual customers (other than the Firm's financial advisors and registered representatives and current and former senior management), as well as by those charities and small-to-medium-sized businesses with account values and household values of no more than $10 million (collectively, "individual customers") that were purchased through J.P. Morgan Securities Inc., Chase Investment Services Corp. or Bear, Stearns & Co. Inc. prior to February 12, 2008, for ARS where auctions have failed to clear since February 12, 2008. The Firm will purchase the ARS that are tendered under the program on or before November 12, 2008.

August 14, 2008 -- US Airways Group, Inc. (NYSE: LCC | Quote | Chart | News | PowerRating) announced that the Company has priced its public offering of 19,000,000 shares of common stock at an offering price of $8.50 per share for net proceeds, after the underwriting discount and estimated offering expenses, of approximately $155 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,850,000 shares to cover over-allotments, if any. The Company plans to use the net proceeds for general corporate purposes. Completion of the offering is subject to customary closing conditions and is expected to close on August 19, 2008. Merrill Lynch & Co. acted as the sole book-running manager for the offering. The shares of common stock are being offered under the Company's existing shelf registration statement, which became automatically effective upon filing with the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained from Merrill Lynch & Co., 4 World Financial Center, 250 Vesey St., New York, New York 10080, or by phone at 212-449-1000. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Wall Street rebounded Thursday, rising sharply as oil prices fell and investors took advantage of bargains in financial stocks after two straight days of heavy declines. Crude backtracked as traders who sent oil soaring Wednesday in response to declining gasoline supplies realized that demand for fuel is still falling. Light, sweet crude fell 99 cents to settle at to $115.01 a barrel on the New York Mercantile Exchange. The pullback helped reassure stock traders who are concerned that rising oil and gas prices would force consumers to keep paring back their spending. Stocks initially fell after the Labor Department reported another hefty jump in consumer prices. The 0.8 percent overall rise in July's Consumer Price Index was not as large as June's increase, but it was twice as high as the market expected, and brings inflation to its highest annual pace in 17 years. The core index, which eliminates food and energy prices, is not up as much, but it still rose by 0.3 percent last month -- slightly more than forecast. But the market turned higher as investors began looking more positively at stock prices that were beaten down the past two sessions amid rising anxiety about credit losses at banks and brokerages. "The greater fear right now is missing the next big rally," said Richard Dickson, senior analyst at Lowry Research in Florida. "Inflation numbers were bad, but they are probably going to get better. The fact that the market has not sold off with any strength, investors are saying, 'Hey, let's go ahead and buy.'" Still, Wall Street has been highly volatile for months, and investors found it hard to hold to their enthusiasm; stocks came off their highs late in the day as some uncertainty about financials crept back into the market. "(Investors) have different opinions as to what the value of those companies are given the tremendous difficulties they face," said Kevin Dorwin, a principal with San Francisco-based Bingham, Osborn & Scarborough. According to preliminary calculations, the Dow Jones industrial index rose 82.97, or 0.72 percent, to close at 11,615.93, after rising more than 180 points earlier in the day. It lost a total of nearly 250 points on Tuesday and Wednesday. The Standard & Poor's 500 index rose 7.10, or 0.55 percent, to 1,292.93, and the Nasdaq composite index rose 25.05, or 1.03 percent, to 2,453.67. On the New York Stock Exchange, a relatively light 1.01 billion shares exchanged hands. Advancing issues outnumbered decliners by about 2 to 1 on the NYSE, and about 3 to 2 on the Nasdaq Stock Market.

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