Thursday, October 30, 2008

OriginOil to Speak at the Latino Caucus Foundation Economic Development Forum

OriginOil to Speak at the Latino Caucus Foundation Economic Development Forum
- CEO Riggs Eckelberry is the Featured Presenter On Economic Building Blocks Panel at EconDev -
Los Angeles, CA–October 30, 2008–OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced that OriginOil CEO, Riggs Eckelberry, will represent OriginOil at EconDev, the Latino Caucus Foundation Economic Development Forum, to be held on November 6 and 7 in San Francisco.

Mr. Eckelberry will serve on the first panel of the Forum, entitled “Economic Building Blocks: Water, Transportation, Energy”. The panel is scheduled for 8:30-9:45 AM, Friday morning, November 7 and Mr. Eckelberry’s focus will be oil and energy – seen through futurist eyes.
CEO Riggs Eckelberry commented, “I’m honored and keenly looking forward to serving on this panel. The Latino Caucus is at the forefront of efforts to reorient the California economy toward industries and technologies of the future. I expect to take back plenty of guidance on OriginOil’s road to market.”
The theme of the forum is “Turning Crisis into Opportunity: Reinvigorating California’s Economic Climate”. The Latino Legislative Caucus Foundation states, “In this summit we will bring together Members of the Legislature and key economic development leaders from around the state to engage in serious dialogue and come away with significant public policy initiatives for our state and its people.” Attendees will include members of the California Legislature, legislative staff, representatives of California administrative departments, leaders of the business community, academics, elected officials, and interested public.

Assemblymember Joe Coto chairs the California State Latino Legislative Caucus. The vice chairman is Senator Gil Cedillo. Caucus members include Senators Ron S. Calderon, Lou Correa, Denise Moreno Ducheny, Dean Florez, Gloria Negrete McLeod, Jenny Oropeza, Alex Padilla and Gloria Romero; and Assemblymembers Juan Arambula, Anna Caballero, Charles, Calderson, Hector De La Torre, Kevin De León, Felipe Fuentes, Ed Hernandez, Tony Mendoza, Pedro Nava, Fabian Núñez, Nicole Parra, Mary Salas, Lori Saldaña, Jose Solorio, Nell Soto and Alberto Torrico.

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

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