VANCOUVER, British Columbia
and BOCA RATON, Fla., April 11,
2013 /PRNewswire/ -- REGI U.S., Inc. (OTC BB: RGUS,
Frankfurt Stock Exchange: RGJ) -- Multi-media Productions
(USA) is pleased to
announce that REGI US
has been selected to appear on 21st Century Business, an award
winning international television series.
REGI U.S., Inc. owns the U.S. rights to RadMax™ rotary
technology. The Company's goal is to license the RadMax™
technology and/or to participate in joint ventures to manufacture
specific RadMax™ applications.
In 2003, a license option agreement was completed with Radian
Milparts and an improved version of the Rand Cam Rotary engine was
developed and called the RadMax design that now incorporates
12 vanes for superior power and efficiency. In December of 2005,
all rights were assigned to REGI U.S. Inc. by Radian Milparts. In
November 2008, REGI U.S., Inc. signed
an option agreement for a license for certain applications with a
Fortune 1000 company to evaluate and design a working model diesel
engine. REGI U.S., Inc. is presently assembling the RadMax engine
design and has now commenced testing of the RadMax demonstration
model engine.
At the 2009 Clinton Global Initiative annual meeting, the RadMax
engine concept was presented and a commitment to CGI was accepted
from the Company to complete and commercialize a light weight, fuel
efficient engine that is reported to reduce emissions up to 35%
using gasoline as a fuel in automobiles and, if used in hybrid car
applications, can be reduced up to 55% with a mileage of 54 miles
per gallon and/or 76 miles per gallon respectively pursuant to a
report by Dr. Allen MacKnight,
former Thermodynamics engineer for Honeywell.
"As a potential leader in their industry, REGI
US was a natural fit for our show," stated JL Haber, Vice
President of Programming for 21st Century Business.
"We are excited to share their story."
For more information visit http://www.regiinc.com
About 21st Century Business
21st Century Business is an award winning television series
produced by Multi-Media Productions. The show features companies
providing business viewers an in depth opportunity to find
solutions within many industries globally.
21st Century Business airs on CNBC and the Fox Business Network
to over 100 million viewers nationwide as well as internationally
via DirecTV and Dish Network. The series is also available at more
than 27 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth
College and Georgetown University.
For specific market-by-market air dates and times, please e-mail
Moniqueh@mmpusa.com. For more information, please
visit http://www.21cbtv.com.
ON BEHALF OF THE BOARD OF DIRECTORS
REGI U.S.,
Inc.
"John
Robertson"
John
Robertson
President
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Contacts:
REGI U.S.,
Inc.
John
Robertson, 1-800-665-4616
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READER ADVISORY
Statements in this press release regarding the business of
Reg Technologies Inc. and REGI U.S, Inc. (together the
"Companies'") which are not historical facts are "forward-looking
statements" that involve risks and uncertainties, including
management's assessment of future plans and operations, and capital
expenditures and the timing thereof, certain of which are beyond
the Companies' control. There can be no assurance that such
statements will prove accurate, and actual results and developments
are likely to differ, in some case materially, from those expressed
or implied by the forward-looking statements contained in this
press release. Readers of this press release are cautioned not to
place undue reliance on any such forward-looking
statements.
Forward-looking statements contained in this press release
are based on a number of assumptions that may prove to be
incorrect, including, but not limited to: the impact of
competitive products and pricing, the Companies' dependence on
third parties and licensing/service supply agreements, and the
ability of competitors to license the same technologies as the
Companies or develop or license other functionally equivalent
technologies; financing requirements; changes in laws, rules and
regulations applicable to the Companies and changes in how
they are interpreted and enforced, delays resulting from
or inability to obtain required regulatory approvals and ability to
access sufficient capital from internal and external sources, the
impact of general economic conditions in Canada, and the
United States, industry conditions, increased
competition, the lack of availability of qualified personnel or
management, fluctuations in foreign exchange, stock market
volatility and market valuations of companies with respect to
announced transactions. The Companies' actual results, performance
or achievements could differ materially from those expressed in, or
implied by, these forward-looking statements, including those
described in Reg Technologies' financial statements, management
discussion and analysis and material change reports filed with the
Canadian Securities Administrators and available
at www.sedar.com, and its Form 20-F filed with
the United States Securities and Exchange Commission
at www.sec.gov, and REGI's Form 10-KSB annual
report filed with the United States Securities and Exchange
Commission at www.sec.gov. Accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of
them do so, what benefits, including the amount of proceeds, that
the Companies will derive therefrom.
Readers are cautioned that the foregoing list of factors is
not exhaustive. All subsequent forward-looking statements, whether
written or oral, attributable to the Companies or persons acting on
its behalf are expressly qualified in their entirety by these
cautionary statements. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news
release and the Companies do not undertake any obligation to update
publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by applicable securities
laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
www.regiinc.com
Phone: 604-278-5996 Fax: 604-278-3409
Toll Free: 800-665-4616
SOURCE REGI U.S., Inc.