- "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