OriginClear Agrees to Acquire First Real Estate Asset to Finance Water Projects


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:

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Shaler Area agrees to sale of former elementary school to real estate company; township believed it was buyer

Shaler commissioners were blindsided this week by the announcement that Shaler Area School District reached an agreement to sell the former Jeffery Primary building.

The township believed it had a verbal agreement for the acquisition, Manager Tim Rogers said.

“The district never advised us that they had retracted the offer to monetize the sale of the property,” Rogers said. “We are of course disappointed with the decision of the school board.”

The vacant elementary school building along Wetzel Road was offered for sale by the district to Shaler for $120,000, Rogers said.

The 31,500-square-foot school sits directly across from the municipal building and Kiwanis Park, making it an obvious extension to the complex, he added.

Bethany Baker, district communications specialist, said the district did not have a signed purchase and sale agreement with Shaler Township.

The sale to ANG Real Estate was approved by the school board on Dec. 9 for $499,000. Final approval is subject to review by the district solicitor.

Representatives from ANG Real Estate were not immediately able to be reached for comment.

Superintendent Sean Aiken said the

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