AUBURN HILLS, Mich.--(BUSINESS WIRE)--Octillion Corp. (OTCBB:OCTL) today announced that its wholly owned subsidiary, MicroChannel Technologies Corporation (MicroChannel), has responded to initial Securities and Exchange Commission (SEC) comments with respect to its recently filed registration statement, the approval of which will allow for the spin out and distribution of MicroChannel shares as a special dividend to shareholders of Octillion on a one-for-one basis.
