Rival Technology Inc (fka RVTIF)

[jgelske]

From Oct. 10

Rival Technologies Subsidiary Contracts With Dr. Pedro Pereira
Tuesday October 10, 9:00 am ET

Internationally recognized Heavy Oil researcher joins TRU Oiltech team

LAS VEGAS, NEVADA--(MARKET WIRE)--Oct 10, 2006 -- Rival Technologies Inc. (Other OTC:RVTI.PK - News) announced today its subsidiary TRU Oiltech Inc. has entered into a consulting agreement with Dr. Pedro Pereira, an internationally recognized heavy oil expert, and currently a Professor at the University of Calgary's Schulich School of Engineering located in Alberta, Canada.

Dr. Pereira, a chemist, obtained his doctorate from L'Universite de Poitiers, France in 1979. Dr. Pereira completed a post-doctoral fellowship at the University of California in Berkeley in 1990.

Dr. Pereira's professional and research interest is in the development of catalysts and catalytic process for upgrading heavy oils and oil sands bitumen. He has authored more that 60 published articles and presentations, while leading numerous international conferences and seminars. Dr. Pereira co-invented and coordinated the development of two major upgrading technologies, achieving a total of seven process patents.

"Dr. Pereira provides TRU Oiltech with engineering expertise to help take our technology to the next level in the emerging oil sands industry," stated Sandy Constable, President of TRU Oiltech Inc. "His focus on upgrading technologies for bitumen and heavy oil is an excellent fit and truly complements the potential of TRU Oiltech."

TRU Oiltech technology is an upgrading process for heavy crude oil and oil sands bitumen. Once complete, the TRU process is expected to provide substantial per barrel cost savings over existing methods.

Rival Technologies Inc. is an innovative energy related technology company, investing in emerging technologies with extraordinary market potential. Rival has filed several provisional patents and patent applications and is now focused on licensing its technology for industry use.

Robin J. Harvey, President

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 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:

Contacts:
Rival Technologies Inc.
Robin J. Harvey
President
1-888-989-0584
Email: [e-mail]
Website: http://www.rvti.com