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What we have here is a of couple things that are developing. I discussed them this morning in the CEO Update, and I also discussed it later on MoneyTV, and I really recommend you go ahead and check MoneyTV when it comes out later tonight or early tomorrow morning. But it basically follows up on the CEO Update.

First of all, the sleeper product that we have discovered in the first half of 2019 is not what we expected at all. A pump station is basically a vertical shaft with a pump at the bottom. Also called lifting stations. This is something that is an extremely simple device that we have looked down upon ever since we started Modular Water SystemsTM a year ago. We kind of were dismissive of it because it's not world changing. It's a very simple device. It's a shaft with a pump at the bottom. It can be a wet well or it could be a dry well, and as I was saying earlier, you can look it up by Googling “lifting station EPA”, and it's a very good introduction by the EPA on how these things work with nice diagrams and so forth.

Transcription:

Bill Charneski on the line.

The first thing before we get into Bill Charneski, our guest, is that we have had an

amazing week. On Tuesday, I was in McKinney, Texas. The headquarters of Progressive

Water Treatment our fantastic company there. The whole day was spent planning out

the future of the new structure. We have Tom Marchesello who has been the COO of

Modular Water Systems, and you can look at his bio on ModularWater.com. He's

actually going to be the COO of OriginClear. That is not official yet, but he has accepted

the offer, and we expect him to be, in fact he was wearing that hat this week.

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Transcription:

Riggs: Good!

Riggs: I believe we have Tom on the line. Tom?

Tom: Yes, sir.

Riggs: You've already announced yourself, great. We had a chance to introduce Tom once again to the TV audience, this time live. He's actually a repeat star on the syndicated TV show and we were able to have a really good session today to discuss the amazing work that he's doing with Modular Water SystemsTM. I've invited him on this briefing to discuss what is happening. But, essentially, what is going on is that we are realizing every day how much of a big deal this Modular Water concept is, and here's one of the really number one ways we figured it out, is we're getting leads flowing in like crazy without a whole lot of actual direct marketing going on. Literally, the PR that we're doing and, literally, the name, Modular Water Systems. If you Google Modular Water, you will find that we own nearly the entirety of the Google page except for one competitor. That is a real indication for me, I was a high-tech marketer back in the day. That's an indication that you've got something. When the business is flowing naturally, then you've got yourself something that is potentially really, really exciting. With that in mind, we realized that this is how we're going to crack the challenge of the water industry, because here's the issue: The water industry is a huge industry but it's also very slow to adopt and its very size makes it makes it unable to change, and so how do you make change happen?

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We have a lot of good news and updates to give you. Now this thing is once a month and things kind of stack up, but let me take things one by one.

First of all, we filed our annual report, and it is available up on the SEC site called EDGAR and I can give you some highlights from that.

Alright so, you know that a couple months ago we announced that revenue had increases 38% year over year. In fact that is so. We went from 3 million odd to about 4 million six. In fact, I can give you specifics right here. Well yes, it went from 3,355,632 to 4,600,000, which is almost a 40% increase, which is excellent. And cost of sales proportionally went down, so we have an improvement in margins of about 6%. Now this in an area where we are going to be working a lot more on. Which is on our operating margins, and I'll be talking about this further.

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and I’m going to bring you up to date on what's been going on and how we are doing. And we have about 26 of you on the phone, so welcome aboard!

This morning I was on our weekly MoneyTV show and was able to invite the new vice-president of Modular Water Systems onto the show, Tom Marchesello and Tom is just a fantastic executive, who last year was involved with me on the WaterChain project and continues to be involved with it. But he is, right now, helping us to unload a lot of deal flow from Dan Early , who has got his hands full with business.

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Which was, frankly, shocking, because PWT has a certain run rate, which is about four million dollars a year. All of a sudden, that run rate jumped; and it looks like their credibility of maintaining that is good, so that was a huge win.

To get the full transcript, click HERE.

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To get the full transcript, click HERE.

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All right. As I said in the update this morning, we're really looking at a period of integration. I just had an hour- long conversation with our CTO -, Chief Technology Officer, Dan Early, who has bought us the amazing Modular Water technology, and making a plan for where we're going in 2019.

Really what we are doing now is anything that has not proven to be really, really valuable, for example, this WaterChain thing we're doing and so forth, we're putting on the back burner because the focus now is on creating consecutive quarters of growing revenues. And that is the plan of action.

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RIggs: All right. This is going to be the last briefing of the year, and it's been quite a year. It's been an amazing year, and I'm glad you've been with us for the ride. We have a lot of exciting things happening, so I'll get into it right now.

For starters, we have this thing about pig farms. You know that a few months ago, gosh, I think it was late 2016 we got involved with Montajes Longares in Spain, which is a large pork producer who decided to get into the business of cleaning the lagoons for all of the producers on the Spanish peninsula.

To get full transcript: Click HERE.