OriginOil Invited to Present at the National Algae Association
– CEO Riggs Eckelberry Will Discuss Company’s Business Model and Breakthrough Technology at Algae-to-Oil Forum –
Los Angeles, CA – July 2, 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, announced today it will present at the National Algae Association Business Plan Forum on July 17 in The Woodlands, Texas.
The speaking appearance by CEO Riggs Eckelberry, which will take place on the afternoon of July 17, represents OriginOil’s first public presentation of its technology and go-to-market planning. The company is emerging from its core research and development phase and has filed a series of patent applications for its proprietary technology.
“We’re honored to be a member of the National Algae Association. Its fast-growing membership reflects the increasing interest in algae-to-oil technologies and the great potential of our industry. We look forward to sharing the OriginOil vision with our fellow members,” said Riggs Eckelberry, OriginOil’s CEO.
“Close collaboration is essential to the success of the algae biofuels industry, and the National Algae Association is doing a great job of bringing all the producers and their partners together,” said Paul Reep, OriginOil’s Senior Technical Advisor. He continued, “We are especially interested in supporting the Association’s research and development programs, headed by Will Thurmond, to help ensure that algae makes good on its potential.”
The National Algae Association’s quarterly forum has gained note as interest has grown in algae as a second generation biofuel. The Association’s website is www.NationalAlgaeAssociation.com.
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.
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