Rival Technologies Inc.-Regulation S Stock Transferred
October 13 2008 - 8:00AM
Marketwired
Rival Technologies Inc. (OTCBB: RVTI) is pleased to announce that
all stock certificates bearing the foreign CUSIP number 78845101
have now been transferred to the United States CUSIP number
768027104. We have requested the foreign CUSIP be cancelled by the
CUSIP bureau.
The subject shares were issued by the Issuer in Europe in
connection with an offering pursuant to Regulation S promulgated by
the Securities and Exchange Commission whereby 4,000,000 shares
were issued on April 21, 2004 and 5,000,000 shares were issued on
September 14, 2005. In issuing the shares, the Issuer relied on an
exemption from registration provided by Section 903 of Regulation
S. All sales were offshore transactions, with no directed selling
efforts in the United States. At the time of their issuance, the
shares were restricted securities and could not be sold to or for
the account of a United States person or in the United States
without registration unless an exemption from registration existed.
All of such shares bore a foreign CUSIP number 78845101. Following
their issuance, the shares were registered and sold on the
Frankfurt Stock Exchange and the Berlin Stock Exchange.
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.
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 (702)
990-0884 Email: info@rvti.com Website: www.rvti.com
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