A New Era Begins
From: Riggs Eckelberry
Los Angeles, October 5, 2015
The last two weeks have been amazing.
First Acquisition Closed!!
Back in April, we created our database of target companies. It had just twelve companies (now it’s nearly 100).
On August 4, we announced our agreement to acquire PWT.
Less than two months later, the transaction was complete.
In just one day, we increased our revenues to an estimated $6 million annually.
By any measure, that is phenomenally fast, and it’s to the HUGE credit of Senior Vice President Bill Charneski.
He and PWT’s owner, Marc Stevens, backed by the OriginClear financial and legal team, did wonders. My admiration for them is boundless.
Now we’re on to our next acquisition! Speed is our middle name.
China Trip — done!
A couple weeks ago I made a lightning trip to China with “JL” Kindler, to set up strategic partnerships that include major funding, and top-grade manufacturing facilities.
I’m happy to let you know that our China program is moving fast, as planned, and I am very impressed with our partners there.
Enjoy these snapshots of our tour of the planned manufacturing facility.
JL’s leadership on this program has been fantastic. He has freed me up to work flat-out with Bill on acquisitions.
You can expect steady commercial progress out of China and back in the US, too, where our first oil & gas licensee, PACE, is making great progress.
More on this and other developments, very soon.
Have a great week!
Riggs and Team
President & CEO
OriginClear, Inc. (OOIL)
Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, 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.