Rival Technologies Inc.

Rival Technologies Inc.

April 10, 2007 09:01 ET

Rival Technologies Inc.-Recent Tests Completed and Patent Filing Imminent on TRU Technology

LAS VEGAS, NEVADA--(CCNMatthews - April 10, 2007) - Rival Technologies Inc. (PINK SHEETS:RVTI) reports TRU Oiltech has completed the latest round of testing. The company is now in the process of submitting an international patent for the world's first distillable, recyclable, cracking catalyst for heavy oils including bitumen, meeting previously announced deadlines with respect to this international PCT.

"Our recent experiments with Athabasca bitumen confirm that our upgrading catalyst is unique and multifunctional unlike any other chemical, rendering metal free heavy oil and upgrading advantages unavailable from any other known source," stated Klaus Oehr, Director of Research and Development, TRU Oiltech.

Crude oil is considered heavy if it has API gravity from 10 to 20, or viscosity from 100 to 10,000 centipoises, at original reservoir temperature. The TRU process takes this heavy oil feedstock and using a proprietary reagent, transforms the feedstock into a metal free, lower sulphur, medium crude oil.

Other companies and research centers are working on a variety of methods to lower the viscosity of oil sands located underground. This research is aimed at improving the extraction of bitumen, and will not replace the need for upgrading the product after extraction. The TRU process is compatible with other new technologies because it is aimed at upgrading the bitumen or heavy oil feedstock after it has been extracted. In effect, these new technologies will help expand the market for TRU Technology.

With the completion of current testing and patent filing, the company will follow its strategy to license the process to Tier 1 producers in exchange for a capacity license fee and royalty payments.

Rival Technologies Inc. is an innovative energy related technology company, investing in emerging technologies with extraordinary market potential. Rival has filed several provisional patents and patent applications and is now focused on licensing its technology for industry use.

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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