Blue Sphere Announces Board Approval

Business Performance Allowing Company to Manage Towards Up-Listing

CHARLOTTE, NC / ACCESSWIRE / January 27, 2016 / Blue Sphere Corp. (OTCQB: BLSP) (the “Company” or “Blue Sphere”), a global clean energy company that develops, manages and owns waste-to-energy projects, announced today that its Board of Directors have voted, approved and authorized the Company to pursue an up-listing to either one of the NASDAQ markets or the NYSE MKT. Blue Sphere does not currently meet the initial listing standards for an up-listing to either NASDAQ or the NYSE MKT but is working toward meeting these standards. The goal of the Company is to complete the up-listing sometime in 2016.

Blue Sphere operates in the Diversified Utilities Sector and believes that trading on a major exchange will provide better exposure to institutional and other investors. “An up-listing to a senior market such as NASDAQ or NYSE can open the doors to a wider audience of investors that may be interested in the company,” said Shlomi Palas, the Company’s CEO. The Company also believes that by up-listing to a senior market, the performance of the trading in the Company’s shares may improve.

Part of the up-listing strategy for Blue Sphere will be to continue institutional and retail investor presentations that the Company began in 2015. The Company’s Investor Communications advisor, Tactical Growth Partners, recently held investor presentations in New York and are in the process of planning future presentations in New York as well as other regional markets.

The Company feels that these presentations are very important to not only provide transparent communication with investors, but also to provide valuable education for investors interested in the Company’s business model and technologies.

The CEO of the Company recently released an update letter outlining the many significant accomplishments of Blue Sphere in 2015 as well as Blue Sphere’s plans for 2016. The successes of 2015 and the opportunities that lay ahead for 2016 and beyond are key drivers that will provide the Company a solid platform for up-listing to NASDAQ or NYSE MKT.

About Blue Sphere Corporation

Blue Sphere Corporation operates in the fast growing clean-tech sector as a waste-to-energy project integrator. Blue Sphere develops waste-to-energy and other renewable energy projects. The Company is becoming a key player in the global waste-to-energy and renewable energy markets. For further information, please visit the Company’s website: www.bluespherecorporate.com.

Forward-Looking Statements

This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the Clean tech sector, (iii) uncertainties regarding implementation of the Company’s business strategy, and (iv) other risk factors as outlined in the Company’s periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no assurance that the initiatives described in this press release will be successfully implemented or meet expectations. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.

Contact Information:

Tactical Growth Partners, LLC
212-355-5134
info@tgpny.com
www.tacticalgrowthpartners.com
www.launchpadir.net

SOURCE: Blue Sphere Corporation

ReleaseID: 436024