OriginClear
Inc. (OTC/QB: OOIL),
a leading provider of water treatment solutions, today announced that
its 2015 revenue estimates show a dramatic improvement over previous
years. Revenue, an estimated $1,170,000 in 2015, increased by 700%, year
over year, from 2014 which was approximately $200,000. The bulk of the
increase came from the new subsidiary, Progressive Water Treatment,
which began to contribute its revenues in the 4th Quarter,
when the acquisition
closed.
“Our Progressive Water Treatment (PWT) acquisition contributed revenue
for the 4th quarter only – but that was good for a million
dollars,” said Riggs
Eckelberry, OriginClear CEO. “The Board is very happy with our
strategy of acquiring profitable, growing water service companies.”
In addition to its revenue in the 4th Quarter, PWT also
booked sales orders of $2,700,000, a great start to potential revenue in
2016.
While most of the good news came from PWT, the OriginClear Technologies
division did well too, doubling its revenues to $307,000 in 2015, with
an $850,000 balance on its recent joint venture licensing
agreement still expected in the first half of 2016.
“OriginClear is actively helping us develop our e-commerce and internet
lead generation, which we think will generate significant additional
business for us in 2016,” said Marc
Stevens, President of the Progressive Water Treatment subsidiary.
“The new
website just generated leads for $50,000 in potential business last
week alone!”
“On top of these gains by PWT and OriginClear Technologies, our
OriginClear Group is aggressively moving forward with plans for
acquisitions in 2016 that would further increase revenues,” said Bill
Charneski, President of the OriginClear Group™. “Our plans are to
extend the group to include more markets, technologies and regions of
the country.”
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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 & gas. To rapidly grow this segment
of the business, we strategically acquire profitable and well-managed
water treatment companies, which allow us to expand our global market
presence and technical expertise. To enable a new era of clean and
socially responsible water treatment solutions, we invented Electro
Water Separation™, a breakthrough high-speed water cleanup technology
using multi-stage electrolysis, that we license worldwide to water
treatment equipment manufacturers. Water is our 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®, please visit our website at www.originclear.com.
OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. When used in this update, 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.
Abstract:
OriginClear 2015 revenue estimates show 700% increase over 2014; PWT
contributes $1 million in 4th quarter and lines up $2.7
million in sales orders for 2016
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