Rival Technologies Inc. Announces Positive Test Results for TRU Oil Sand Technology.LAS VEGAS -- Rival Technologies Inc., (OTCBB OTCBBSee OTC Bulletin Board (OTCBB). :RVTI) reports its oil and gas subsidiary, TRU TRU True TRU Thompson Rivers University (Canada) TRU Toys R Us TRU Transuranic TRU Teenage Research Unlimited TRU The Root Underground (gaming clan) TRU Transuranium TRU Transformer Rectifier Unit Oiltech Inc. has obtained positive results from tests performed at the Alberta Research Council Alberta Research Council (ARC) is an Alberta government funded applied research and development (R&D) corporation. Overview History As a result of initiative on the part of Henry Marshall Tory ARC was established in 1921 (as the Alberta Council of Scientific and (ARC). Tests have proven a decrease in sulfur content of 67 percent and a reduction in total acid number of 88 percent using the TRU process. TRU Oiltech continues to evaluate the process parameters and expects to achieve its target of lighter, low sulfur, low acid product from heavy crude oil Heavy crude oil or Extra Heavy oil is any type of crude oil which does not flow easily. It is a relative term, compared to light crude oil, but relates to specific technical issues of its own on production, transportation, and refining. and oil sand bitumen bitumen (bĭty  `mən) a generic term referring to flammable, brown or black mixtures of tarlike hydrocarbons, derived naturally or by distillation from petroleum. . TRU Oiltech is planning further tests at ARC, and expects a provisional patent filing by the end of March. "These are excellent results and lead me to believe that our TRU process will become an important upgrading technology for heavy oil and oil sand bitumen producers," said Sandy Constable, President of TRU Oiltech Inc. 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 construe v. to determine the meaning of the words of a written document, statute or legal decision, based upon rules of legal interpretation as well as normal meanings. 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. Rival Technologies Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :RVTI) |
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