Revenue Takes Off
From: Riggs Eckelberry
Los Angeles, December 18, 2015
What a pleasure, forecasting real cash flows for 2016.
That’s because revenues are really happening at OriginClear.
Big Sales in Texas
We’re seeing a string of seven-figure deals at our subsidiary, Dallas-based Progressive Water.
This team is on fire!
We’re also helping them with a new website and e-commerce, too, with the potential for even more revenue.
Real Technology Sales
In China, inventor and manufacturer Mr. Ming Xu, has committed $1 million over two months, just for the right to set up joint ventures with us there. (We already received $150,000.)
That’s real revenue!
Selling rights is our business — we sell technology, not pieces of equipment. It’s very profitable.
That’s a million dollars. For rights. In China. With more to come!
Pretty amazingly cool.
Well done to “JL” Kindler and Nicholas Eckelberry, who have jetted back and forth to China for months to make this happen…
Profitability on the horizon
Here are the pieces that need to fall in place for profitability:
- Continued growth at PWT.
- A second acquisition.
- More technology revenue.
It’s too early to disclose exactly when we believe we will be profitable, but it is on the horizon!
This is very exciting indeed.
Holiday Party at PWT
Bill and I just got back from Progressive Water, where we had a big holiday party with the whole company, including their spouses and friends.
Here I am, with Presidents Marc Stevens (PWT) on the left and Bill Charneski (OriginClear Group) on the right. Both rockstars!
It was a pleasure meeting with the whole team and spending time with them. They are a powerhouse.
Here’s to safe and happy holidays, and let’s all have a great big 2016!
Riggs and Team
President & CEO
OriginClear, Inc. (OOIL)
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.