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.”
To view the full article, visit http://ibn.fm/v7cLq
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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