OriginOil, Inc., Goes Public
Registration Statement Declared Effective by the Securities Exchange Commission
Los Angeles, CA – April 25, 2008 – OriginOil, Inc., the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced that the company’s S-1 registration statement has been declared effective by the Securities Exchange Commission (SEC).
The Company’s founder and CEO, Riggs Eckelberry, said “We are very pleased that our registration statement has been declared effective and that we are a public company. We can now turn our energies and focus to transform algae, the most promising source of renewable oil, into a true competitor to petroleum. We look forward to building a successful company for our shareholders.”
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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