Rival Technologies Inc.

Rival Technologies Inc.

April 18, 2007 09:03 ET

Rival Technologies Inc.-Worldwide Patent Filing Completed

LAS VEGAS, NEVADA--(CCNMatthews - April 18, 2007) - Rival Technologies Inc. (PINK SHEETS:RVTI) announced it has completed filing an international patent for the world's first distillable, recyclable, cracking catalyst for heavy oil including bitumen; meeting previously announced deadlines.

Bitumen is heavy oil with an API gravity of less than 20 degrees, minimal flow or pumping ability without heating or altering, prior to production. 70 percent of estimated worldwide oil deposits are defined as heavy oil bitumen generally with an API gravity of less than 10 degrees. Since most refineries were designed to process light and medium crude oils, heavy oil must be upgraded before refining.

Current costs for adding diluent or condensate to heavier oils represents 30 percent of the total cost per barrel for blended heavy oils. At current prices, this cost can reach $18 US per barrel. The TRU process will reduce this cost by $5 - $10 USD per barrel. As licensor of the technology, Rival's subsidiary anticipates a fee of $1 - $2 USD per barrel from various projects that exceed 100,000 barrels of daily production.

Heavy oil deposits, the largest found in Canada and Venezuela, are located worldwide including the United States, Middle East and Asia.

"Filing the patent opens the door to additional joint-venture, development partnerships," stated Robin Harvey, President of Rival Technologies Inc. "With the completion of current testing and this patent filing, the company will advance on its strategy to license the process to Tier 1 producers in exchange for a capacity license fee and royalty payments," she added.

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 now focuses 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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