Rival Technologies Inc.
Rival Technologies Inc – Scientifically confirms TRU(TM) market value.
Rival Technologies Inc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Rival Technologies Inc – Scientifically confirms TRU(TM) market value. August 8, 2007 – (Las Vegas, Nevada) Rival Technologies Inc. (Berlin Stock Exchange symbol R1W, security code A0HHCZ) is pleased to report that it has scientifically confirmed, with a correlation coefficient of .979, the market value of light synthetic crude produced by it’s TRULITE(TM) process.is comparable to well known mainstream refinery feedstocks This market value is comparable to other well known refinery feedstocks, but produced by TRULITE(TM) at a much lower cost. Average published prices were obtained for twenty-five sour crude refinery feedstocks and used to correlate prices with eight sour crude quality factors: API (density), TAN (acidity), Nitrogen, Sulphur, Nickel, Vanadium, microcarbon residue (MCR) and simulated distillation residue. This was done using multiple regression analysis to eliminate any bias from the correlation. 'The excellent resulting correlation coefficient of .979, confirms that TRULITE(TM) has a feedstock value of USD $50 per barrel, comparable to well known mainstream refinery feedstocks,' stated Klaus Oehr, Director of Research and Development for TRU Oiltech. 'The many advantages of using ourTRULITE(TM) synthetic crude feedstock as compared to dilbit (condensate diluted bitumen) are core elements to commercializing the TR(TM) process,' added Sandy Constable, President of TRU Oiltech. Diluent (condensate) at a ratio of 30% diluent to 70% bitumen is standard for blended heavy oils. Using current prices, producers currently purchase USD $20 of condensate for each barrel of feedstock sold at USD $50. The TRU(TM) process eliminates the need for condensate. The company anticipates a fee of USD $2 per barrel of oil production using the TRU(TM) process. This proprietary process can be applied to billions of barrels of heavy oil reserves. Rival Technologies Inc. is an innovative energy related technology company, investing in emerging technologies. Rival has filed several provisional patents and patent applications and is now focused on licensing its technology for industry use. Each technology benefits the environment, reduces global warming, and has exceptional market segment potential. On behalf of the Board of Directors ‘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 Telephone: 1-866-601-1340 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 08.08.2007 ----------------------------------------------------------------------
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