Apr 30, 2009 05:00 ET
OriginOil Profiled on Associated Press Television
Top International News Syndicate Covers OriginOils Recent Technological
Breakthroughs
LOS ANGELES --(Business Wire)-- Apr 30, 2009
OriginOil,
Inc. (OTCBB:OOIL),
the developer of a breakthrough technology to transform algae, the most
promising source of renewable oil, into a true competitor to petroleum,
was recently featured by the internationally-renowned news service, Associated
Press (AP) Television, as a part of the syndicates continued
coverage on new and developing biofuels.
During a visit to OriginOils Los Angeles headquarters earlier this
month, a film crew interviewed both CEO Riggs Eckelberry and Chief
Technology Officer, Dr. Vikram Pattarkine, regarding the companys
recent technology breakthrough to extract oil from algae in an efficient
single-step process. A time-lapse video of the extraction process was
then sent out to the Associated Press newspaper affiliates, which
encompass more than half of the worlds population on any given day.
The recent AP Television segment, entitled “Could Algae Be Oils Next
Competitor,” features commentary from Riggs Eckelberry on OriginOils
“single pass, cost-effective process” to inexpensively crack algaes
tough exterior and release the oil inside, which can be viewed at http://www.yahoo.com/s/1063990.
“Oil, for the first time, is going to have a competitor,” said
Eckelberry. “Its not going to be the OPEC cartel against the rest of
the world – its going to be local fuel production in all these
countries, including the U.S.”
Eckelberry concluded: “We are honored that AP Television, which provides
programming for more than 130 countries and 1 billion readers,
listeners, and viewers worldwide, has chosen to feature our company in
its report on the algae industry. Now that weve cracked the first part
of the code to creating wide-scale production of algae oil, we must
continue to expand our research initiatives so that we will be able to
bring our technology to all areas of the globe.”
About OriginOil, Inc.
OriginOil, Inc. is developing a breakthrough technology that will
transform algae, the most promising source of renewable
oil, into a true competitor to petroleum. Much of the world's oil
and gas is made up of ancient algae deposits. Today, our technology will
produce "new oil" from algae, through a cost-effective, high-speed
manufacturing process. This endless supply of new oil can be used for
many products, such as diesel, gasoline, jet fuel, plastics and
solvents, without the global warming effects of petroleum. Other
oil-producing feedstock, such as corn and sugarcane, often destroy vital
farmlands and rainforests, disrupt global food supplies and create new
environmental problems. Our unique technology, based on algae, is
targeted at fundamentally changing our source of oil without disrupting
the environment or food supplies. To learn more about OriginOil, please
visit our website at www.originoil.com.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press 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, and while expected, there is no guarantee that we will
attain the aforementioned anticipated developmental milestones. 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: the impact of economic, competitive and other factors affecting
the Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies resulting
from terrorist actions, and U.S. actions subsequently; and other factors
detailed in reports filed by the Company.
Abstract/Short Description
News of OriginOil algae to oil Single-Step Extraction technology
reaches far corners of globe via Associated Press coverage.
Keyword List
algae fuel production, algae oil, algae oil extraction, algae to oil,
alternative fuel source, alternative fuel sources, associated press,
eco-friendly fuel, oil from algae, ooil, originoil, riggs eckelberry

Press Contact:
Avalanche Strategic Communications
Maria-Christina
Zajac
201-488-0049
maria-christina@avalanchepr.com
or
Investor
Relations Contact:
Tom Becker
Toll-free: 877-999-OOIL(6645)
Ext. 641
International: +1-323-939-6645 Ext. 641
Fax:
323-315-2301
ir@originoil.com
www.originoil.com