Forbes.Com Features OriginOil
- “OriginOil Is All About Algae” article appears on first day of trading –
Los Angeles, CA – April 29, 2008 – OriginOil, Inc. (OTCBB: OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, commented today on Forbes.Com’s coverage of the company on 25 April, 2008, on its first day of trading.
“It is a sign of the times that Forbes.com chose to interview us on our first day of trading,” said Riggs Eckelberry, the Company’s founder and President. He continued: “High oil prices and the collapse of food-for-fuel initiatives worldwide have created a perfect storm for algae and there are still few public companies addressing the problem.”
Forbes.com stated: “With oil prices at record highs and ethanol production straining the world food supply, investors are eager looking for alternatives — and algae offers a two-in-one solution.” The article went on to discuss the company’s plans to target its unique technology at fundamentally changing our source of oil without disrupting the environment or food supplies. The full article can be found here: http://lnk.nu/forbes.com/k6s.html
Safe Harbor Statement:
Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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