ATLANTA, Nov. 26 /PRNewswire-FirstCall/ -- PureRay Corporation (OTC
Bulletin Board: PURY), a lighting-technology company specializing in
solar-powered products, announces today it will extend the date for filing a
Certification and Notice of Termination of Registration on Form 15 with the
Securities and Exchange Commission.
Originally set for November 28, 2008, the filing date for the Form 15 to
affect the deregistration of PureRay's common stock is being extended to
December 12, 2008, to give PureRay's Board of Directors and management time to
consider strategic alternatives to deregistration that they believe may be in
the best interests of PureRay and its shareholders. PureRay may determine to
implement any such strategic alternatives and, as a result, not file the Form
15 to affect the deregistration of its common stock. However, PureRay has not
yet determined to implement any such strategic alternatives to deregistration.
The determination to implement any such strategic alternatives to
deregistration or not file the Form 15 to affect the deregistration of
PureRay's common stock will be made by PureRay's Board of Directors.
"We want to weigh all options that are available to us," said Mr. Jefrey
Wallace, PureRay Corporation's President and CEO. "PureRay shareholders
deserve no less than certainty from its Board of Directors that the company is
moving in the right direction with regard to its being a public company."
Upon filing a Form 15, PureRay Corporation's obligations to file certain
reports with the Securities and Exchange Commission, including Forms 10-K,
10-Q and 8-K, would immediately be suspended; deregistration of the company's
common stock would become effective ninety (90) days after the filing with the
SEC. Upon the effectiveness of the deregistration of PureRay Corporation's
common stock, it would no longer be a public reporting company, and its
securities would cease trading on the OTC Bulletin Board.
PureRay makes a self-contained, solar-powered LED lighting system for use
in markets without access to electrical-power grids.
Based in Atlanta, PureRay is committed to improving the quality of light
and the quality of life globally through safe, energy-efficient lighting.
PureRay focuses on making solar-based charging and lighting systems practical
and cost-effective for developing-world countries in Africa, South Asia, the
Caribbean and Latin America, as well as for domestic markets. Its proprietary
lighting system is patent-pending.
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements are identified by their use
of terms and phrases such as "believe," "expect," "plan," "anticipate" and
similar expressions identifying forward-looking statements.
SOURCE PureRay Corporation