Rival Technologies Inc.
Rival Technologies Inc.: Rival Technologies Inc. – TRU Oiltech Patent Application in Process
Rival Technologies Inc. / Miscellaneous Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Rival Technologies Inc. – TRU Oiltech Patent Application in Process Las Vegas, Nevada, February 13, 2007 - Rival Technologies Inc. (Symbol R1W, security code A0HHCZ) reports that its subsidiary, TRU Oiltech is working to complete a US patent application for its proprietary heavy oil and oil sands upgrading technology. The company is conducting tests to create a complete mass balance of all gas, liquid and solid outputs from the processing of oil sand bitumen with the company’s proprietary additive. This information will be used to complete the patent application. The company has received expressions of interest from a number of oil producers. The patent application is required for detailed discussions to proceed with these potential partners. TRU Oiltech has developed a new bitumen/heavy oil upgrading process. The process takes a heavy oil feedstock, adds a proprietary reagent, and transforms the feedstock into a medium crude. Effectively, the process eliminates significant costs relating to refining heavy oil and oil sand bitumen. The company’s strategy is to license the process to Tier 1 producers in exchange for a capacity license fee and royalty payments. On behalf of the Board of Directors ‘Robin J. Harvey’ ____________________ Robin J. Harvey President Certain statements in this press release constitute 'forward looking statements' within the meaning of the United States Securities Legislation. The Company's actual results could differ from those in the forward-looking statements. Do not construe this information as investment advice. This is not a solicitation to buy or sell securities. This does not purport to be a complete analysis of the Company. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult their own independent advisers with any investment, including any contemplated investment. All information contained in this press release should be independently investigated. This press release contains forward-looking statements. These remarks involve risks and uncertainties. Risks are not limited to quarterly fluctuations in results or the companies' management of growth and competition. Other risks are detailed in the Company's SEC filings. Actual results may differ materially from such information set forth herein. Contact: Investor Relations 3155 East Patrick Lane, Suite 1 Las Vegas NV 89120 Tel: 001-866-601-1340 Website: www.rvti.com Email: rvti@internet-ir.com Contact: Rival Technologies Inc. Robin J. Harvey President Ph: 001-604-689 0584 Fax: 001-604-648 9083 DGAP 13.02.2007 ----------------------------------------------------------------------
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