Sichenzia Ross Friedman Ference LLP Represents OriginClear, Inc. in $1.5M Acquisition of Progressive Water Treatment, Inc.


New York, NY – October 1, 2015 – Press Release—Nationally recognized securities and corporate law firm Sichenzia Ross Friedman Ference LLP announced today that the Firm has represented OriginClear, Inc. (OTC:OOIL) a leading provider in water treatments, in their 100% acquisition of Progressive Water Treatment (“PWT”), Inc. OriginClear acquired PWT through the transfer of all issued and outstanding shares of PWT in exchange for 10,000 shares of OriginaClear’s Series B Preferred Stock. Each share of Series B Preferred Stock has a stated value of $150 per share and is be convertible into shares of the Company’s common stock at a conversion price of $0.03 per share, which may be converted to the Company’s common stock in three annual increments beginning 12 months from closing.

The Sichenzia Ross Friedman Ference LLP team was led by Partner Gregory Sichenzia and Counsel Peter DiChiara.

Sichenzia Ross Ference LLP

Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry.  In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.  The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation.  Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies.  The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).  These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct.  Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records.  The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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