CLEARWATER, Fla.–(BUSINESS WIRE)–Feb 3, 2021–
OriginClear Inc. (OTCQB: OCLN ), The Water Company for the New Economy™, today announced that it has agreed to acquire its first real estate asset to finance water projects. Ivan Anz, OriginClear advisor and founder of strategic partner Philanthroinvestors® Inc., has agreed to personally invest certain real estate assets through an asset purchase agreement.
Anz will exchange a collection of properties which he has valued at $630,000, in return for a package of stock and warrants, with a future option to invest in a fund which the Company is planning for the development of pre-funded commercial water equipment projects.
“Philanthroinvestors has achieved a ranking of #83 on the 2020 Inc. 5000 list with its real estate venture,” said Anz. “Now that we are a partner and advisor to OriginClear, we are interested in helping it achieve a similar success in Water.”
The next steps will be to finalize valuation, complete the closing process and get the final approval of the Board of Directors. The Company cautions there is no guarantee this acquisition will be completed or that the eventual fund for the development of water projects will be funded.
About OriginClear, Inc. OTCQB:
Water is our planet’s most valuable resource, and the mission of OriginClear is to provide breakthrough products that effectively improve the quality of our planet’s waters by delivering the highest quality water to end-users. In just one decade, the global water services market has doubled into a trillion-dollar industry. And yet, 80% of all sewage in the world is never treated, and up to 35% of all drinking water is lost in transit. This calls for self-help solutions at the point of use, a movement known as decentralized water treatment. Our mission is to enable this decentralized water revolution by providing funding, rapid deployment, and breakthrough technologies that help make clean water available for all.
OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements. 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. 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 our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company’s risk factors is contained in the Company’s quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable laws.
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CONTACT: Investor Relations OriginClear:
Toll-free: 877-999-OOIL (6645) Ext. 3
International: +1-323-939-6645 Ext. 3
Dilara Tuncer, Director of Public Relations
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: OTHER NATURAL RESOURCES ENVIRONMENT MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE NATURAL RESOURCES CONSTRUCTION & PROPERTY OTHER MANUFACTURING
SOURCE: OriginClear Inc.
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PUB: 02/03/2021 08:30 AM/DISC: 02/03/2021 08:30 AM