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.”