Octillion Shareholders to Receive Shares of MicroChannel Technologies on a one-for-one basis on August 22

MicroChannel Technologies, a wholly owned subsidiary, will file registration statement with SEC to effect spin out of MicroChannel shares to Octillion Shareholders. Vancouver, BC – August 8, 2007 – In order to effect the spin out by Octillion Corp of all of its shares of MicroChannel Technologies to Octillion shareholders of record on August 22,…