RVTI Rival Technologies Inc (PK)

Rival Technologies Inc., (OTCBB:RVTI) reports its oil and gas subsidiary, TRU Oiltech Inc. has obtained positive results from tests performed at the Alberta Research Council (ARC). Tests have proven a decrease in sulfur content of 67 percent and a reduction in total acid number of 88 percent using the TRU process. TRU Oiltech continues to evaluate the process parameters and expects to achieve its target of lighter, low sulfur, low acid product from heavy crude oil and oil sand bitumen. TRU Oiltech is planning further tests at ARC, and expects a provisional patent filing by the end of March. "These are excellent results and lead me to believe that our TRU process will become an important upgrading technology for heavy oil and oil sand bitumen producers," said Sandy Constable, President of TRU Oiltech Inc. 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. Rival Technologies Inc. (OTC Bulletin Board:RVTI)