REGI U.S. Reports Rand Cam Engine Development Program on Schedule.

VANCOUVER, B.C. -- REGI U.S., INC. (OTCBB:RGUS) (Berlin Stock Exchange:RGJ) and Reg Technologies, Inc. (TSX VENTURE:RRE) (OTCBB:REGRF) wish to announce that Robert Stoddart, Corporate Marketing Director for REGI U.S., Inc., has reported that our licensee for unmanned vehicle applications for the Rand Cam(TM) technology is on schedule, and fully expect to start assembly and subsequent engine testing in the fourth quarter of this year.

Mr. Stoddart attended the AUVSI (Association for Unmanned Vehicle Systems International) in Anaheim, CA. The show was a big success with all the Prime UAV customers there that are anxiously awaiting successful completion of the Rand Cam(TM) diesel engine for unmanned aerial applications (see news release dated May 25, 2004).

The final 90 days of the development schedule is to begin October 2004, and a running-fueled engine by years end is anticipated, states Robert Stoddart.

Prototype 42 hp Engine     Rand Cam(TM) Engine Description

--  6 inches in diameter   --  Cylindrical rotor with integrated drive
--  6 inches long              shaft
--  42 hp @ 7000 rpm       --  Axial vanes move sinusoidally
--  40 lbs                 --  Cams on each end of the rotor guide the
--  Tested at NAVAIR PSEF      axial vanes
    October 2003           --  Symmetric design forms 24 combustion
                               chambers

REGI U.S., Inc. will be at the San Francisco Money Show - San Francisco Marriott, September 22-24, 2004, look for us at Booth #701. For more details please visit www.moneyshow.com.

REGI U.S., Inc. owns the U.S. rights and the parent company Reg Technologies, Inc. owns the worldwide rights to the Rand Cam(TM) rotary technology. The Company has designed and built an air pump for fuel cell applications as well as an air pump for the lumbar seats in automobiles. Our licensee, Radian Milparts is completing the production model 42 H.P. RadMax engine, to be used for military applications. REGI U.S., Inc. is currently completing the generator application for a hybrid car application, and the generator for residential homes. For more information please visit www.regtech.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"John Robertson"

President

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Statements in this press release regarding Reg Technologies/REGI's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including the impact of competitive products and pricing, the need to raise additional capital, uncertain markets for the Company's products and services, the Company's dependence on third parties and licensing/service supply agreements, and the ability of competitors to license the same technologies as the Company or develop or license other functionally equivalent technologies.