OriginOil CEO Update: New Coverage Targets Improper Trading

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In his regular CEO Update, OriginOil CEO Riggs Eckelberry announces that Buyins.net has initiated coverage of potential illegal and manipulative trading of OOIL stock; reviews the new positioning of the company's technology in a TV/radio interview; and discusses last week's success at the European Algae Biomass conference.

Buyins.net Initiates Coverage

In his announcement yesterday (http://finance.yahoo.com/news/buyins-net-issues-originoil-squeezetrigger-123000513.html), analyst Tom Ronk of Buyins.net exposed the rampant shorting of OOIL stock that has occurred since early 2010, at times exceeding 70% of the daily stock volume.

Analyst Ronk said, “Starting in early 2010 short sellers have aggressively shorted OOIL. Shorts have continued this activity which warrants close investigation. Buyins.net will report the results of its surveillance on a monthly basis.”

"We retained Buyins.net to help police abuses of our stock", said OriginOil CEO Riggs Eckelberry. "We did not endorse or approve the release, which is Buyins' content completely. But perhaps, now, we can look ahead to fairer treatment in the markets."

Last Week's Big Biz Show Posted

In his Update, Eckelberry went on to say: "We've created a Big Biz Show archive, so you can catch last week's show here, if you missed it: http://www.originoil.com/multimedia/the-big-biz-show.html. We have an evolving positioning of our technology, and it's discussed right at the beginning of the interview."

Jose Sanchez in Vienna

Eckelberry added, "Jose Sanchez just got a standing ovation at the European Algae Biomass 2013. I will cover that soon. Also expect our report on the $5 million initial sales opportunity in algae. It’s very important to our immediate future."

The full CEO Update is available at http://www.originoil.com/ceos-update/new-coverage-targets-improper-trading.html.

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.

Press Contact:             
Jerry Schranz
Antenna Group – a Beckerman Company
201-465-8020
jerry(at)antennagroup.com

Investor Relations OriginOil:        
Tom Becker
Toll-free: 877-999-OOIL (6645) Ext. 3
International: +1-323-939-6645 Ext. 3
Fax: 323-315-2301
ir(at)originoil.com
http://www.originoil.com

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Tom Becker
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