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- Professional Investors and Money Managers Learn about Breakthrough Technology to Transform Algae into Oil -
Los Angeles, CA - November 12, 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 that OriginOil CEO, Riggs Eckelberry, was the subject of an in-depth interview by The Wall Street Transcript. The interview is part of a special Alternative Energy Report published by The Wall Street Transcript for professional investors and money managers.
Riggs Eckelberry, CEO of OriginOil, commented, “Algae as a renewable feedstock to replace petroleum is quickly gaining global interest as first generation biofuels based on corn and sugarcane are not viable due to economic and environmental side effects. OriginOil is developing an industrialized process to rapidly grow algae for refinement into petroleum-equivalent product such as diesel, gasoline, jet fuel, plastics and solvents. We are delighted to be featured by The Wall Street Transcript and share our story with professional investors and money managers in this prestigious publication. This interview is a testament to the investment community’s interest in algae-to-oil technology.”
The Wall Street Transcript, a paid subscription publication, serves to help investors make better decisions when picking stocks and sectors to invest in. It interviews Wall Street professionals and corporate leaders to bring the views of stock market insiders to its readers. For over 36 years, its question and answer format has allowed readers to understand and interpret the meaning of an analyst or CEO's comments for themselves.
About OriginOil, Inc.
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae,
through a cost-effective, high-speed manufacturing process. This
endless supply of new oil can be used for many products such as diesel,
gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum.
Other oil producing feedstock such as corn and sugarcane often destroy
vital farmlands and rainforests, disrupt global food supplies and
create new environmental problems. Our unique technology, based on
algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. To learn more about OriginOil™, please visit our website at www.OriginOil.com.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press 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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