M2 PRESSWIRE-January 20, 2011-StockProfiler.US: Stocks to Watch: eLayaway, Inc. (OTCBB: ELAY) & OriginOil, Inc. (OTCBB: OOIL)(C)1994-2011 M2 COMMUNICATIONS
RDATE:20012011
Boston, MA -- eLayaway, Inc. (OTCBB: ELAY); OriginOil, Inc. (OTCBB: OOIL)
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Company News: eLayaway, Inc. Adds Seasoned Industry Professional to Executive Team
TALLAHASSEE, Fla., Jan 18, 2011 - eLayaway, Inc. (OTCBB: ELAY), the Internet's first and only patent pending layaway payment processor, announced today that Larry Witherspoon has been named eLayaway's new Chief Information Officer. Mr. Witherspoon will be responsible for assisting in establishing the eLayaway payment system as the most widely recognized brand name in alternative payments solutions for consumers and merchants in the multi-trillion dollar retail and event ticketing industry.
eLayaway, Inc. closed at $0.11 on Wednesday, trading 11,700 shares.
About eLayaway
eLayaway is an online payment system that allows consumers to pay for the products and services they desire using manageable periodic payments, thereby making purchases affordable and easy to budget. Payments are automatically drafted from the consumer's designated bank account via Automated Clearing House ("ACH") on the modifiable schedule set by the consumer at the time of purchase. A flat 1.9% transaction fee is charged to the consumer and all payments are held in an account in trust at HSBC Bank and transferred to the merchant once full payment has been made. Like traditional layaway programs of the past, delivery of the product or service occurs once payment is complete. Payment processing and supporting services are handled by eLayaway while merchants provide order fulfillment. For many online merchants, eLayaway offers an opportunity to provide layaway to their customers as a means to expand market share while reducing the administrative requirements of traditional layaway. Merchants are now turning to payment alternatives such as eLayaway in order to take advantage of opportunities that increase sales and profits. Today, approximately one-half of all consumers do not qualify for credit. eLayaway provides an alternative payment method that allows these consumers to make the purchases they desire while enabling merchants to sell additional products on an immediate basis. In addition to eLayaway.com, the Company also owns and operates eLayawaySPORTS.com, eLayawayTRAVEL.com and eLayawayHEALTH.com. eLayaway, Inc. was founded in 2005. Press summary, logos and screenshots available for download at: eLayaway.com/press.
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Company News: OriginOil to Embed Its Technology into Industrial Algae Systems
LOS ANGELES, Jan 20, 2011 - OriginOil, Inc. (OTCBB: OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced it will focus on embedding its technology into industrial algae systems. The Company will continue to rely on a few strategic partners to help prove and scale the company's extraction technology.
OriginOil, Inc. closed at $0.225 on Wednesday, trading 603,913 shares.
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(TM), please visit our website at www.originoil.com.
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