Rival Technologies Inc. Contracts First Pilot Project Advisory Team Member
May 28, 2009 9:00:00 AM
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View Additional ProfilesHENDERSON, NEVADA -- (MARKET WIRE) -- 05/28/09 -- Rival Technologies Inc. (OTCBB: RVTI) is pleased to welcome Mr. Brendon Billings as the first member of the TRU Oiltech pilot project advisory team.
Mr. Billings, a Senior Petroleum Engineer with over 30 years of international experience in drilling, reservoir and petroleum engineering is the first member of the team which will be expanded as we continue to execute on the second of our four phase business development plan.
Currently, he is President of a specialized engineering services provider to North-American Sedimentary Basin Production and international clients. Earlier in his career Mr. Billings worked as a Senior Applications Specialist for Schlumberger Canada (REDA Services) where he was involved in reservoir optimization projects including specialized Steam Assisted Gravity Drain (SAGD) applications and high volume gas lift. Mr. Billings has Bachelors degrees in Petroleum and Power Engineering, is a licensed Professional Engineer and member of the Society of Petroleum Engineers (SPE).
"His expertise in production optimization, high volume lift, project management, reservoir optimization, steam assisted gravity drainage (SAGD) applications, facility inspection, and root cause failure management are valuable attributes to the team and we are very pleased to welcome Brendon," stated Sandy Constable, President of TRU Oiltech.
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
info@rvti.com
www.rvti.com
