OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, reported today that the Company has retained TCA Capital International Group (TCA) for a range of services including identifying potential merger, acquisition, divestiture, consolidation or other combination opportunities and negotiating, structuring and advising in connection with potential M&A Transactions.
We are delighted that OriginClear has retained us, said Patrick Primavera, Managing Director of TCA. We plan to evaluate and work toward an accretive acquisition, and to work to horizontally expand the business through the acquisition of industry competitors.
We are impressed with the drive and commitment of the TCA investment banking team, said Riggs Eckelberry, CEO of OriginClear. Water companies grow by acquisition.
The Company cautions that suitable acquisition candidates may not be identified and even if identified a definitive agreement may not be reached.
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 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.
Helen Meyers, 973-960-4259
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International: +1-323-939-6645 Ext. 3