Genoil Inc.
TSX VENTURE : GNO
OTC Bulletin Board : GNOLF

Genoil Inc.

September 14, 2005 06:00 ET

Genoil to Present at ValueRich Small-Cap Financial Expo

CALGARY, ALBERTA--(CCNMatthews - Sept. 14, 2005) - Genoil Inc. (TSX VENTURE:GNO) (OTCBB:GNOLF) will be presenting to investors today at the ValueRich Small-Cap Financial Expo. Genoil presentation will be at 2 pm at the Jacob Javitz Convention Center in Manhattan, New York.

Genoil will be represented by its Chairman & CEO, Mr. David Lifschultz, as well as other members of the management team. Mr. Lifschultz will be presenting the Genoil business model, giving an update on the industry, the recent Energy bill and its clear benefits to Genoil, the profitability of hydroconversion, and discussing Genoil's international sales pipeline.

The Energy Policy Act of 2005 (EPAct 2005), signed by President Bush in August 2005 authorizes a $1.6 billion allocation for research and development funding of low sulfur oil initiatives, including the production of ultra-clean fuels. Genoil's green upgrading technology removes most of the pollutants such as sulfur and nitrogen from the oil that produce greenhouse gases. Lifschultz believes that Genoil is well positioned with its proprietary technology to benefit from this legislation, and will be describing the clear benefits to Genoil at the conference.

The conference is sponsored by Value Rich and allows promising small-cap public companies to showcase their company to investors. Value Rich publishes a high quality business/lifestyle magazine focusing on small-cap public companies and holds large-scale small-cap conferences.

Genoil is a technology development company providing solutions to the oil and gas industry through the use of proprietary technologies. The Genoil Hydroconversion Upgrader can economically convert heavy crude oil into more valuable light refined products such as motor gasoline and diesel fuel, while significantly reducing the sulfur content in the oil. Genoil's shares are listed on the TSX Venture Exchange under the symbol GNO, as well as on the OTC Bulletin Board under GNOLF.

ADVISORY: Certain information regarding the company, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks associated with oil and gas exploration, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources; as a consequence, actual results may differ materially from those anticipated. The company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those contemplated by the forward-looking statements.

Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the company's financial results can be found in the company's Reports filed with the Securities and Exchange Commission.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Genoil Inc.
    David Lifschultz
    Chairman and CEO
    (914) 393-5800
    Website: www.genoil.net