RVTI Rival Technologies Inc (PK)

As activity in the Alberta oilsands begins the climb back to earlier levels, the management team is developing new business opportunities for the TRU® process in numerous potential SAGD applications.

Recent discussions have identified several additional opportunities where inclusion of the TRU® process would add significant value to the bottom line of these planned SAGD projects. In addition Rival Technologies Inc. has also started negotiations with a large U.S. oil company, details of which will be released in the coming weeks.

Total oil resources worldwide are estimated at roughly 9 to 13 trillion barrels of which 30% are conventional. Oil sands, heavy oil and bitumen make up the remaining unconventional 70%. Before moving from the field to the refinery unconventional resources will need to be upgraded and represent the prime market for the TRU process technology.

Douglas B. Thomas, President & CEO

Rival Technologies Inc.

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 Company's 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.

Contacts: Rival Technologies Inc. Investor Relations 877-286-4198 Email: info@rvti.com Website: www.rvti.com

Rival Technologies (PK) (USOTC:RVTI)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Rival Technologies (PK) (USOTC:RVTI)
Historical Stock Chart
Von Jul 2023 bis Jul 2024