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InvestSource, Inc.: PureSpectrum, Inc. Begins Process of Building Full CFL Prototype Product Line(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:18082008 Stocks in the News: PureSpectrum, Inc. (PINKSHEETS: PSPM), Pacific Gas and Electric Co. (NYSE: PCG), Digital Ally, Inc. (NASDAQ: DGLY), Advanced Control Systems, Inc. (NYSE: ACS) Aug 14, 2008 -- PureSpectrum, Inc. (PINKSHEETS: PSPM) 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. 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." PureSpectrum owns multiple patents and patents pending for innovative electronic ballast technology for fluorescent lighting. Lighting industry experts and government analysts have declared dimming to be a primary issue as the lighting industry transitions away from incandescent bulbs, and Vanatta said lamp and fixture manufacturers are beginning to earnestly seek an immediately implementable dimmable CFL solution. "We have recognized a heightened sense of urgency surrounding the issue of dimming, and we believe building product prototypes will enable manufacturers to realize their objective more quickly," Vanatta said. "At the same time, the process of constructing a full line of dimmable PureSpectrum CFL products will allow us the chance to more readily introduce our dimmable technology to additional manufacturers." Aug 15, 2008 -- Pacific Gas and Electric Co. (NYSE: PCG) announced Thursday that it will buy a total of 800 megawatts of renewable energy -- enough to power 239,000 homes each year -- from subsidiaries of Hayward, Calif.-based OptiSolar Inc. and SunPower. The two plants in San Luis Obispo County will be able to generate more electricity than all the PV solar-electric systems panels installed in the U.S. in 2007. Privately held OptiSolar's 550-megawatt Topaz Solar Farm project is expected to begin delivering power in 2011, while SunPower's 250-megawatt project is expected to start power delivery in 2010. Calyon Securities analyst George Kotzias said the deals are contingent on Congress extending solar energy income tax credits set to expire at year's end. "The commitment by PG&E is a wake-up call for Congress to act on extending the ITC when it returns from recess," Kotzias said in a note to investors Friday. "We feel that acts like this are exactly what is needed to light the fire under the feet of our federal policy makers." Aug 15, 2008 -- Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and markets advanced digital technology products for law enforcement, homeland security and commercial security applications, today announced that the Company has received its fifth order for its DVM-500 In-Car Video Rearview Mirror Systems from the West Virginia State Police. The state police agency placed orders for 124 systems in early 2007, an additional 50 systems in September 2007, a third order for 100 systems in the first quarter of 2008 and a fourth order for 13 systems in April 2008. The latest order, for 229 units, brings the total number of DVM-500 systems being utilized by the West Virginia State Police to 516 units. "We are very pleased that the West Virginia State Police is so satisfied with the performance of our DVM-500 In-Car Video Rearview Mirror Systems that the agency has placed its largest order, to date, with our Company," stated Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc. "While the cumulative total of 516 units ordered by the West Virginia State Police represents the largest number of DVM-500 systems ordered by a single law enforcement agency in the United States, the number of our customers that have placed multiple follow-on orders after gaining field experience with their initial DVM-500s continues to expand." Aug 15, 2008 -- Advanced Control Systems, Inc. (NYSE: ACS), a leading provider of smart grid automation and system solutions to global utilities, recently completed an expedited delivery of two ACS substation automation systems to ITC Midwest LLC, a subsidiary of ITC Holdings Corp. (NYSE: ITC), in Cedar Rapids, Iowa. In response to the widespread flooding that overtook Eastern Iowa in early June, ACS accelerated the design, configuration and delivery of replacement systems to ITC Midwest from a normal schedule of 90 days to less than 10 working days. The historic flooding caused record-breaking river levels that forced tens of thousands to evacuate and cost communities millions of dollars in estimated damages. Following the restoration of power supply to delivery companies servicing residents of these devastated communities, ITC Midwest collaborated with ACS to rapidly configure replacement high voltage transmission substation automation systems for several key facilities. As a result of the flood damage suffered by the company's transmission facilities, ITC Midwest contacted ACS to request the emergency delivery. ACS then quickly mobilized a dedicated ''tiger team'' working extended hours to dramatically shorten the process required to design, test and ship the replacement systems. Responding to the urgent needs of ITC Midwest, ACS broke all previous delivery records for a newly designed system, and successfully expedited the shipment of the two very large, freestanding Connex 30 systems in less than ten working days. Steve Stout, director of ACS and the ability to deliver a top quality product demonstrates the commitment ACS has to the customer. Supplier flexibility and product support are key considerations for ITC suppliers and ACS continues to deliver.'' Market Wrap for August 15th, 2008 The week's final trading session concluded in mixed fashion as results were mixed across the major indices. The Dow and the S&P 500 closed the session up 0.4%, yet the Nasdaq posted a modest decline of 0.1%. For the week, the Dow closed 0.6% lower and the S&P 500 finished 0.1% higher, while the Nasdaq posted a healthy gain of 1.6%. Participants initially pushed the major indices higher as several retailers provided better-than-expected earnings per share results and a strong dollar helped undercut commodity prices further. Yet the sense of bullishness during the early going waned in afternoon trade as retailers lacked the strength to help the broader market and no market-moving leader emerged. Kohl's (KSS 51.79, +3.52), Nordstrom (JWN 31.54, +1.32), JCPenney (JCP 39.94, +3.11), and Abercrombie & Fitch (ANF 52.59, +0.02) each announced earnings per share results that exceeded analysts' dour estimates. The upside surprise is indicative that the consumer has not rolled over. However, the retailers did issue cautious guidance, indicating a lack of confidence in the coming quarters. In the end, retailers finished the session 1.8% higher, besting the major indices again. Helping improve investors' outlook for retailers was another drop in oil prices, thanks largely to a stronger dollar. The dollar index climbed nearly 0.7% as crude shed more than 1% to settle below $114 per barrel. Strength in the greenback also helped push the CRB Commodity Index roughly 1.8% lower. Crude prices are still up more than 18% year-to-date and the CRB is up 6.6% year-to-date. The weakness in commodities pushed the energy sector 1.8% lower and materials 0.4% lower. The financial sector was unable to sustain hefty gains from early in the session. Though settling 1.1% higher, the sector was touting a 2.6% advance shortly after opening bell. Financials have been mired somewhat during recent sessions by uncertainty surrounding auction rate securities settlements. Allegations have been made against several major Wall Street firms that clients were duped into purchasing what were marketed as safe investment vehicles, but they later proved to be risky and illiquid. Participants looked past a batch of economic data that indicated manufacturing activity is holding up better than anticipated. Industrial production climbed 0.2% during July, which follows a 0.4% increase in June. Economists expected the latest reading to be flat. Additionally, the Empire State Manufacturing Index, a regional survey of manufacturers conducted by the New York Fed, came in at 2.8. It was expected to come in at -4.2. 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. 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