Genoil Inc.

Genoil Inc.

March 01, 2005 10:16 ET

Genoil to Present at Wall Street Analyst Conference


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GENOIL INC.

TSX VENTURE SYMBOL: GNO
OTC Bulletin Board SYMBOL: GNOLF

MARCH 1, 2005 - 10:16 ET

Genoil to Present at Wall Street Analyst Conference

CALGARY, ALBERTA--(CCNMatthews - March 1, 2005) - Genoil (TSX
VENTURE:GNO)(OTCBB:GNOLF) will be presenting to investors at the Wall
Street Analyst Forum's 16th annual conference on Wednesday March 2nd.
The Genoil presentation to investors is at 11:40am at the Roosevelt
Hotel in Manhattan, New York.

Genoil will be represented by its Chairman & CEO Mr. David Lifschultz
and its Vice President of Corporate Finance, Ms. Candida Beaumont. The
CEO will be giving an update on the industry, profitability of
hydroconversion, and Genoil's international sales pipeline.

The presentation will be broadcast at the Wall Street Analyst Forum
website. Additional details on the Wall Street Analyst Forum are
available at the conference website at www.analyst-conference.com. The
Wall Street Analyst Forum invites buy and sell-side analysts and
portfolio managers to the conference. The organization has been
sponsoring analyst conferences in New York, Boston and London since 1989.

Genoil is a technology development company providing solutions to the
oil and gas industry through the use of proprietary technologies.
Genoil's shares are listed on the TSX Venture Exchange under the symbol
GNO, as well as on the OTC Bulletin Board under GNOLF.OB.

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.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Genoil Inc.
    David Lifschultz
    Chairman & CEO
    (914) 834-3142
    Website: www.genoil.net
    The TSX Venture Exchange has neither approved nor disapproved of the
    information contained herein.