Rival Technologies Inc. Contracts First Pilot Project Advisory Team Member
May 28 2009 - 8:00AM
Marketwired
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
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