"Our Board of Directors is confident that its decision to deregister is an
appropriate move to make given the current level of activity behind PureRay
stock," said Mr.
Upon the filing of the 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 will immediately be suspended. PureRay Corporation expects the deregistration of its common stock to become effective ninety (90) days after filing the Form 15 with the Commission. Upon the effectiveness of the deregistration of PureRay Corporation's common stock, it will no longer be a public reporting company, and its securities will cease trading on the OTC Bulletin Board.
"This deregistration will allow PureRay management to focus more on its business mission, as well as the promise made this year at the Clinton Global Initiative, to provide clean, safe and efficient lighting to people of developing countries who have few lighting options," said Wallace. PureRay makes a self-contained, solar-powered LED lighting system for use in markets without access to electrical-power grids.
Based in
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