OriginClear Launches $300 Million Offering on Crowdfunding Site
Announcement Made at Prestel Family Office Forum in London
CLEARWATER, Fla.–(BUSINESS WIRE)–$OCLN #cleanwater—OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announced the launch of its $300 Million offering to be conducted on behalf of its wholly-owned subsidiary, Water on Demand, Inc. (“WODI”). The offering of the securities is made pursuant to an exemption from registration under Rule 506(c) of Regulation D, to accredited investors only, on the crowdfunding site Manhattan Street Capital: www.manhattanstreetcapital.com/originclear. Water On Demand is designed to offer clean water systems to businesses and communities as a managed service without any capital requirement.
Ken Berenger, Executive Vice President, made the announcement last week at the Prestel & Partner Family Office Forum Conference in London. He reported on his experience and played an excerpt from his presentation on the company’s weekly CEO Briefing last Thursday: https://youtu.be/XHOS7dKjW_8.
“This is the first time that we have presented our Water On Demand capital offering to family offices and Ultra High Net Worth Individuals (UHNWIs),” said Ken Berenger. “We believe that these investing groups will complement other accredited investors and enable us to reach this very ambitious funding goal.”
The company believes that the Water On Demand (WOD) program is the first organized program to enable investment in “Water Like An Oil Well™,” similar to master limited partnerships (MLPs), which are now a $300 Billion+ sector that complements large energy companies. Just like MLPs, the Water On Demand program has been designed to allow investors to potentially earn long term royalties from bundles of water projects.
WODI has dedicated initial funding and is currently qualifying candidates for its commercial pilot program.
About OriginClear Inc.
OriginClear leads the self-reliant water revolution, democratizing water investment by developing a marketplace to connect investors with water projects; and commercializing modular, prefabricated, filter-free advanced systems for faster sanitation worldwide. With America’s broken infrastructure and 100 billion dollars of government spending to fix the nation’s 150,000-plus water systems, OriginClear is helping them “cut the cord”, by developing outsourced pay-per-gallon programs and a future digital currency to streamline payments. Our line of Modular Water products and systems is key to the self-reliant water treatment revolution as they create “instant infrastructure” – fully engineered, prefabricated and prepackaged systems that use durable, sophisticated materials.
For more information, visit the company’s website: www.OriginClear.com
OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements. When used in this release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect,” “plans” 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, and if or when the Company will receive and/or fulfill its obligations under any purchaser orders. 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 except as may be required under applicable law