Rival Technologies Inc.
Rival Technologies Inc- Unveils stunning heavy oil upgrading results
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- Unveils stunning heavy oil upgrading results Las Vegas, Nevada, June 27, 2007 - Rival Technologies Inc., (Symbol R1W, security code A0HHCZ) reports that recent optimization of its proprietary TRU™ process for upgrading heavy oil and oil sands bitumen, has produced an unprecedented increase in the yield of TRULITE™ synthetic crude oil. The confirmed volumetric yield of 86,600 barrels of TRULITE™ for every 100,000 barrels of raw, SAGD Athabasca bitumen feedstock, exceeds all upgrading technologies in use today. Furthermore, 'TRULITE™ exceeds pipeline transport minimum requirements at 19.4° API specific gravity and 83 centipoises viscosity at room temperature,' stated Klaus Oehr, Director of Research and Development for TRU Oiltech. 'We anticipate major advantages for TRULITE™ compared to dilbit (condensate diluted bitumen) and will report on these additional quality factors as soon as the optimization data have been fully analyzed,' added Sandy Constable, President of TRU Oiltech. Current costs for adding diluent or condensates to heavier oils represents up to 30% of the total cost per barrel for blended heavy oils. At current prices this cost can run to $18 US per barrel. As licensor of the TRU™ process, the company anticipates a fee of $1-2 US per barrel. 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 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 27.06.2007 ----------------------------------------------------------------------
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