OriginClear (OTC: OCLN), a leading provider of water-treatment solutions, recently announced the implementation of a 1-for-2,000 reverse stock split in connection with its financial plan designed to boost capital structure for future growth and acquisitions. An article discussing the company reads, “The company’s reverse stock split is anticipated to help maintain the company’s bid price listing requirements on the OTCQB Venture Exchange. Implemented on October 24, the stock split resulted in the number of OriginClear outstanding shares of common stock decreasing from an estimated 6.2 billion to about 3.2 million (http://ibn.fm/nInJi). Also, as a result of the reverse stock split, the company’s common stock ticker symbol will be OCLND for 20 trading days following the implementation. . . . ‘This reverse stock split is part of a plan to strengthen our capital structure for future growth and potential acquisitions,’ Riggs Eckelberry, OriginClear CEO, stated in a news release.”
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About OriginClear Inc.
OriginClear addresses the self-reliant water market, deploying advanced technologies at the point of use with modular, prefabricated systems that create durable assets and water independence for industry, commerce and agriculture. From its Texas-based factory, OriginClear designs and prefabricates an entire line of plug-n-play, containerized Modular Water Systems(TM) that enable water purification, recycling and wastewater management. The company manufactures and distributes these professional-grade, self-reliant units to commercial and industrial properties such as hotels and resorts, real-estate housing developments, office buildings, military installations, schools, farms, food and beverage manufacturers, industrial warehouse, oil and gas producers, and medical and pharmaceutical facilities. For more information, visit the company’s website at www.OriginClear.com.
NOTE TO INVESTORS: The latest news and updates relating to OCLN are available in the company’s newsroom at http://ibn.fm/OCLN
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