OriginClear
(OTC: OCLND), a leading provider of water treatment solutions, today
announced that it implemented a 1-for-2000 reverse stock split on October 24,
2019. The number of outstanding common stock shares has been reduced from about
6.4* billion to approximately 3.2 million. Investors should note that the
ticker symbol of the company’s common stock will change to OCLND for 20 trading
days after the reverse stock split. “This reverse stock split is part of a plan
to strengthen our capital structure for future growth and potential
acquisitions,” OriginClear CEO Riggs Eckelberry said in the news release.
To view the full press release, visit http://ibn.fm/OBMN4
About OriginClear Inc.
OriginClear is a leading provider of water-treatment
solutions and the developer of a breakthrough water-cleanup technology serving
the rapidly growing $500 billion world market. Through its wholly owned
subsidiaries, OriginClear provides systems and services to treat water in a
wide range of industries, such as municipal, pharmaceutical, semiconductors,
industrial, and oil and gas. To rapidly grow this segment of the business, the
company strategically acquires profitable and well-managed water-treatment
companies, which allows it to expand its global market presence and technical
expertise. To enable a new era of clean and socially responsible
water-treatment solutions, the company invented Electro Water Separation(TM), a
breakthrough, high-speed water-cleanup technology using multistage electrolysis,
which it licenses worldwide to water-treatment equipment manufacturers. Water
is the most valuable resource, and the mission of the family of OriginClear
companies is to improve the quality of water and help return it to its original
and clear condition. To learn more about OriginClear, visit the company’s
website at www.OriginClear.com.
*Correction since original release.
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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