Octillion Subsidiary Files Registration Statement With SEC to Effect Spin Out

Auburn Hills, MI – October 1, 2007– Octillion Corp. (Symbol: OCTL) today announced that its wholly owned subsidiary, MicroChannel Technologies Corporation (MicroChannel), has filed a registration statement with the Securities and Exchange Commission (SEC), which will allow for the spin out and distribution of MicroChannel shares as a special dividend to shareholders of Octillion on…