September 18, 2008
PureRay Makes Commitment to Clinton Global Initiative
ATLANTA, Sept. 18 /PRNewswire-FirstCall/ -- PureRay Corp. (OTC Bulletin Board: PURY) today announced its Commitment to Action -- a pledge of 110,000 self-contained, solar-powered LED light bulbs -- to the Clinton Global Initiative (CGI), a measured program for turning ideas into action and moving the world to "a more integrated global community of shared benefits, responsibilities, and values."
PureRay lighting systems are comprised of a charging station and rechargeable LED bulbs designed for use in off-grid markets, such as those of the developing world. It offers a safe, reliable and more affordable alternative to fuel-based lighting, thus improving a large number of health, safety and economic issues for consumers in these markets.
The charging station for the bulbs is capable of powering rechargeable light bulbs, cell phones, and other small electronic devices. This allows devices like fans and radios to be run without concern for power availability or access to fuel.
The company's Commitment to Action to the CGI for the 110,000 units is valued at more than $15 million. The units will be provided by PureRay in partnership with donor churches and other organizations throughout North America who join the company in making the pledge.
"Our technology will truly change lives in some of the most disadvantaged areas of the world," said Mr. Jefrey Wallace, PureRay's president/CEO, "We are honored to accept President Clinton's invitation and excited to announce our commitment at the CGI Annual Meeting, given the product's benefits related to health, safety and energy."
In emerging countries, increasingly expensive fuel-based lighting generates 244 million tons of C02 emissions per year, and nearly 2 million children die annually due to fuel-fire-related acute respiratory infection and pneumonia. In addition, more than 300,000 people die annually as a result of accidental fires, and some 2.5 million people -- including an estimated 350,000 children -- suffer severe fuel-fire-related burns annually. PureRay's goal is to reduce these numbers to zero by replacing fuel-based lighting with PureRay products.
Focused this year on education, energy and climate, health, and alleviating poverty, the Clinton Global Initiative is an annual, by-invitation-only event that asks member organizations and individuals to define and pursue new, specific, and measurable approaches to a global challenge. Each commitment, as well as its size and scope, is the responsibility of the member. Members who do not make a commitment are unable to participate in further CGI events until they do.
According to the CGI, program participants include a select and diverse group of heads of state, CEOs, media voices, philanthropists, foundation heads, religious leaders, academics, original thinkers, and those who run highly effective non-profit organizations. The CGI matches people who possess the necessary resources with those who have the most innovative ideas and greatest capacity for their implementation.
About PureRay Corp.
An Atlanta-based technology company, 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. PureRay stock currently trades on the OTC-BB Exchange under the stock symbol PURY.
About the Clinton Global Initiative
Founded in 2005 by former U.S. President Bill Clinton, CGI is a non-partisan catalyst for action that brings together a community of global leaders from various backgrounds to devise and implement innovative solutions to some of the world's most pressing challenges. To date, CGI members have made nearly 1,000 commitments valued at some $30 billion to enhance millions of lives in more than 150 countries throughout the world.
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.
CONTACT: Ted Wright, Managing Partner, Fizz for PureRay Corp., Office,+1-404-638-1066, Mobile, +1-773-301-8514, [email protected]