RVTI Rival Technologies Inc (PK)

Rival Technologies Inc., (OTCBB:RVTIF), announced today that it has entered into a Distribution Agreement with its development partner, MA Turbo Engine Ltd., providing Rival with exclusive distribution rights to the marine application of CWI Technology in Europe (excluding Scandinavian countries). Rival will be commencing a marketing effort in Europe this month aimed at ship owners and ship servicing companies. This Distribution Agreement replaces earlier agreements that provided for acquiring and marketing the marine application of CWI technology. "The Distribution Agreement means that Rival will not have to issue further shares or make cash payments to acquire the marine application. This technology is ready to be broadly used in commercial ships. New environmental standards created by the International Marine Organization are now in place. We have agreed to spearhead a marketing effort in Europe and share profits from these sales with our development partner," stated Robin Harvey, President of Rival. Rival owns a 100% interest in CWI technology for other applications including trucks, buses and locomotives, and is currently testing working prototypes for these uses. CWI technology is a continuous water injection system, allowing reductions in diesel emissions and reducing fuel consumption as it improves engine performance. 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.