OriginOil, Inc. is a development-stage company. As of December 31, 2008, the Company was developing a technology to produce a bio-fuel from algae through a high-speed manufacturing process to replace petroleum in various applications, such as diesel, gasoline, jet fuel, plastics and solvents. Quantum Fracturing, the Company’s technology is based on the science of mass transfer and fluid fracturing. As of December 31, 2008, the Company had no revenues.