Vero Beach, FL / ACCESSWIRE / October 8, 2014 / PureSpectrum, Inc. (OTC Pink: PSRU), Chairman of the Board and Chief Executive Officer, Gregory F. Gustin, has announced that the Company entered a Joint Venture Agreement ("JVA") with Central Sun Ukraine LLC ("CSU").
"Central Sun Ukraine is a multi-disciplined organization based in Kiev, Ukraine. Amongst its many 'assets' is that it is an approved 'Foreign Investment Company'. Such approval allows for investments into Ukraine that might otherwise be restricted." said Mr. Gustin, who is also part owner and President of CSU.
In addition, CSU has recently established its Commodities SUGAR Division. This week CSU will countersign an offer for the exclusive allocation from three government sugar refineries in Ukraine. CSU's allocation will be 100,000 metric tons per month. The first shipments are scheduled within thirty days, with plans to reach the full allocation with ninety days. In exchange for 500,000,000 common shares of PRSU Stock, CSU will remit 20% of Sugar COOP Profits to PRSU. Using current market pricing, for both PRSU shares and refined beet sugar, PRSU anticipates a significant return on its investment.
Mr. Gustin further states, "Not only will this JVA generate our first revenues with positive cash flow, it provides our firm a formal introduction into the global market of food grade commodities."
About PureSpectrum, Inc.
PureSpectrum ("PSRU") is a newly formed US entity. Its principals have nearly sixty years' experience creating and managing several business enterprises. PSRU was initially created to provide business development consulting support to its affiliates in Europe. Even though several of those affiliates have been in various business endeavors for many years (some for decades) they still sought our support to modernize their business practices.
Disclosures can be found on the Company's online disclosure portal at:
http://www.otcmarkets.com/stock/PSRU/filings
Forward-looking statements:
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Investor Relations
PureSpectrum Inc.
Vero Beach, FL 32960
Website: http://purespectruminc.com/
Phone: 863-800-0210
Email: [email protected]
SOURCE: PureSpectrum, Inc.