Rival Technologies Inc.
PINK SHEETS : RVTI

Rival Technologies Inc.

February 27, 2007 16:30 ET

Rival Technologies Inc.-Enters Into First Joint Venture Agreement

LAS VEGAS, NEVADA--(CCNMatthews - Feb. 27, 2007) - Rival Technologies Inc. (PINK SHEETS:RVTI) reports that it has taken a significant step towards commercializing TRU technology, it's proprietary bitumen/heavy oil upgrading process.

Rival has entered into its first Joint Venture Agreement for commercialization of TRU technology. The agreement provides a framework under which TRU Technology will be licensed for use in Venezuela. Further details of the joint venture partnership will remain confidential at this time.

Venzuela's Orinoco heavy oil belt has massive reserves (estimated at 1.2 trillion barrels), comparable in size to Canada's oil sands reserves. TRU's technology is well suited to upgrading heavy oil in Venezuela. The joint venture agreement will speed up the timeframe of TRU Technology being used commercially in this market.

Current costs for adding diluent or condensates to heavier oils represents 30% of the total cost per barrel for blended heavy oils. At current prices this cost can run to 18$ US per barrel. The TRU process will potentially reduce this cost by $5-$10 USD per barrel. As licensor of the patent pending technology, the company anticipates a fee of $1-2 US per barrel.

Rival Technologies Inc. is focused on developing emerging technologies that benefit the environment, reduce global warming, and have 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.

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