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Announcements

In Amended Letter Of Intent, OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Nominate A New Target For Merger

 

Non-binding agreement sets basis for further negotiations.

Metuchen, NJ and Clearwater, FL – September 28, 2023 – Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc. (WODI), currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA. The new target is Progressive Water Treatment Inc., a Texas corporation (PWT). PWT recently merged with WODI.

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OriginClear Merges Its Water On Demand and Progressive Water Treatment Subsidiaries

Consolidation intended to reinforce the value in potential merger transaction

Clearwater, FL – September 26, 2023 – OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT). The consolidation, which was approved by WODI shareholders, is intended to create better enterprise value for a potential merger opportunity with Fortune Rise Acquisition Corporation (NASDAQ: FRLA), as OCLN announced in January: https://www.originclear.com/company-news/originclears-water-on-demand-subsidiary-signs-letter-of-intent-to-merge-with-fortune-rise-acquisition-corporation.

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Fortune Rise Acquisition Corporation Announces Fifth One-Month Extension Received From Sponsor Affiliate to Complete its Initial Business Combination

CLEARWATER, FL / ACCESSWIRE / September 6, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.027 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination.

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Fortune Rise Acquisition Corporation Announces Fourth One-Month Extension Received From Sponsor Affiliate to Complete Its Initial Business Combination

CLEARWATER, FL / ACCESSWIRE / August 7, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.027 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination.

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Fortune Rise Acquisition Corporation Announces Hiring of Richard Brand as Principal Executive Officer and Chief Financial Officer and Engagement of Nelson Mullins

CLEARWATER, FL / ACCESSWIRE / July 27, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA") today announced that it has recently hired Richard A. Brand as Principal Executive Officer and Chief Financial Officer and has retained Nelson Mullins Riley & Scarborough LLP to advise on its proposed business combination with Water on Demand, Inc. ("WOD"), a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) and owner of FRLA's sponsor, Fortune Rise Sponsor LLC, with which it has signed a non-binding letter of intent (the "Business Combination").

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Fortune Rise Acquisition Corporation Announces Additional One-Month Extension Received From Sponsor Affiliate to Complete its Initial Business Combination

CLEARWATER, FL / ACCESSWIRE / June 6, 2023 / Fortune Rise Acquisition Corporation (Nasdaq:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC Other:OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.027 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination.

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In The First Quarter, OriginClear Continued Its Substantial Revenue Growth

Modular Water Systems contributed 58% of total revenue, meeting forecast

Clearwater, FL – May 25, 2023 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™ (the Company), announces that in its 10-Q Quarterly Filingfor the 1st Quarter of 2023, Revenue for the three months ended March 31, 2023 was 163% of revenue in the same quarter last year, increasing from $1,234,105 to $2,006,394.

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OriginClear’s Subsidiary Water On Demand Signs MOU Regarding Acquisition of Established SaaS Developer

“Software as a Service” Developer To Help Build Water Services Network

Clearwater, FL – May 22, 2023 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that its subsidiary Water On Demand™ (WODI) recently entered into a Memorandum of Understanding (MOU) to acquire an established international SaaS (Software as a Service) Developer (Developer), founded nearly twenty years ago, which operates with a stable customer base of technology companies. The acquisition is anticipated to be accretive

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OriginClear Presents Acquisition Roadmap for Water On Demand

New company presentation envisions additional resources in network management and manufacturing

Clearwater, FL – May 16, 2023 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that following the recent transfer of its Modular Water Systems division (MWS or Modular Water) (www.modularwater.com) and the related assets to OriginClear’s subsidiary, Water On Demand, Inc. (WOD or Water on Demand) (www.waterondemand.net), WOD has issued an updated presentation for the 3rd Quarter of 2023, including a roadmap for prospective acquisitions.

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OriginClear’s Revenue Increased 250% in 2022

Annual increase percentage in a single year is highly unusual for an equipment business.

Clearwater, FL – April 20, 2023 OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that in its 10-K Annual Report filing, 2022 revenue increased by 250% from $4,143,744 to $10,376,573, setting a new range for the company’s operations.

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