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RIVAL
TECHNOLOGIES Inc. (OTCBB: RVTIF) |
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***Today's News ***
RVTIF -- Rival Technologies,
Inc.
COMPANY NEWS AND
PRESS RELEASES FROM OTHER SOURCES:
Rival Technologies
Inc., CWI Prototype Development Update
VANCOUVER, BRITISH COLUMBIA,
Dec 14, 2004 (CCNMatthews via COMTEX) -- Rival Technologies Inc.,
(OTCBB:RVTIF), announced today it has funded the acquisition
of a diesel truck and instructed its engineering partners to commence
installation of an operating CWI (Continuous Water Injection) prototype.
Engineers will select a diesel
truck comparable with diesel engines widely used in the transportation
industry.
Dr. Anatoly Mezheritsky, head
of the engineering development team stated, "We expect to have the
first working prototype installed and operating in a diesel truck
and ready for demonstration by late February 2005. We estimate that
it will take until May 2005 to complete testing and adjustments
for a product that will be ready for market."
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.
CONTACT:
Rival Technologies Inc.
Robin J. Harvey
President
(604) 689-0584
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Symbol: OTCBB: RVTIF
Shares Outstanding: 42,000,000
Float: 11,000,000
52wk Range: 0.15 - 1.34 |
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Highlights:
· Revolutionary new technology sets
de-facto standards
for diesel emissions control
· Retrofit solution usually pays
for itself within 1 year
· Decreases emissions, while increasing
fuel efficiency
and lowers maintenance costs
· Financing commenced for up to
$5 Million USD
· Currently used within the commercial
shipping industry
· Moving into the multi-billion
dollar transportation
Industry in 2005
· Will seek a national listing
in 2005
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To Contact
Rival Technologies:
#1014 - 470
Granville Street
Vancouver, British
Columbia
V6C 1V5, Canada
Phone: 888-694-8807
For a current Quote,
the link is HERE
For a current chart,
the link is HERE
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Environmental
Technologies Company Poised for Fantastic Growth in 2005!!
Rival Technologies Inc. (RVTIF: OTCBB) is positioning itself
to become a leader in supplying emission control solutions for the
automotive transportation industry. With its innovative technology
called Continuous Water Injection (CWI), Rival plans to set cost-effective
standards for diesel engine emissions. The market has responded
and already top companies are using the technology for emissions
and cost efficiency. CWI has the ability to pay for itself
many times over.
Recent and forthcoming changes in environmental changes for Nitrogen
Oxide (NOx) control have had a serious impact on several industries,
including the multi-billion dollar transportation business. Until
now, the industry faced fragmented, expensive and time consuming
solutions that usually decreased engine performance.
Top transportation companies around the world have voiced their
need for relatively inexpensive applications to address environmental
regulations as emission control becomes less of an option and more
of a requirement. The introduction of water injection has
led to the emergence of a new generation of emission control standards.
Rival Technologies intends to take advantage of this global opportunity
and provide the transportation industry with a Continuous Water
Injection (CWI) system.
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paid five thousand dollars by Rival Technologies for preparation
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