Rival Technologies Inc. (OTCBB: RVTI) and the TRU Process

November 23, 2009

(EMAILWIRE.COM, November 23, 2009 ) New York, NY - Rival's TRU process is a revolutionary method of upgrading heavy crude oil (HCO), especially high sulfur HCO, via the addition of our proprietary distillable recyclable additive (DRA) to form an HCO-DRA mixture. The HCO-DRA mixture is then heated and distilled to form a lower density, lower acidity, lower metals, ash-free distillate containing less sulfur and having lower viscosity than the feedstock.

The proprietary TRU process is protected through extensive patent applications and the product, a premium grade synthetic oil, is trademarked TRULITE.

The company estimates that TRU process technology adds $12-21 per barrel to the wellhead value of heavy oil.

The TRU Process Value

When compared to lighter oils, heavy oil is sold at a discount to refineries because of the many refining challenges it presents. This discount is commonly referred to as the differential'. West Texas Intermediate (WTI) is the current base price used to determine this discount, however as the supply of WTI is decreasing, Western Canada Select (WCS) is slated to become the new benchmark. The differential fluctuates due to capacity, supply and seasonality.

The TRU process recovers most of this differential. Twenty-five sour crude refinery feed stocks, using eight quality factors, were compared using multiple regression analysis to eliminate any bias from the correlation. The resulting correlation coefficient of .979 confirmed TRULITE has a value comparable to Western Canada Select, a well known pipeline grade, heavy oil.

The current costs for adding diluent or condensates to heavy oil represents 30% of the total cost per barrel (CPB) to create blended heavy oil known as dilbit. Using the example above to illustrate; with the spot price for WTI at USD$63 the diluent or condensate CPB would be $18.90 USD. A WTI spot price of USD $50 it would be $15 USD.

The TRU process eliminates the cost of adding diluent to the feedstock to meet pipeline transportation specifications. Recovery of the differential', coupled with elimination of the diluent requirement and production of TRULITE combine to provide excellent financial benefit for both Rival and the heavy oil producer.

In the next decade industry plans to spend more than $100 billion to further develop the oil sands. Over that time period, the oil sands are expected to surpass deep-water offshore wells as the single largest source of new global supply.

Most heavy projects start at a minimum production of 25,000 barrels per day. For Rival, each 25,000 barrels per day project will add about $18 million in revenue from licensing and royalty fees, and about $4 in share value. The company intends to sign many such contracts.

Disclosure: All material herein was prepared by Keros Capital Inc. (Keros) based upon information believed to be reliable. The information contained herein is not guaranteed by Keros to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Keros is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.keroscapital.com or mentioned herein. Keros has been compensated two hundred twenty five thousand shares for this advertising effort. Keros affiliates, officers, directors and employees may own shares and may buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value. Keros will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. Copyright 2009 by Keros Capital. All rights reserved. This publication or part thereof may not be duplicated or reprinted without the written permission of the Publisher. Facsimile including photocopy(s) is strictly forbidden, except for facsimile correspondence between Keros Capital. If this publication contravenes any securities laws and/or regulations, the securities regulations of the country will prevail. In this event, this publication must be discarded immediately. Anyone not wishing to receive future Keros Capital Investor Reports should email us at opt-out@keroscapital.com



Rival Technologies Inc.
Jim Mav
908-464-1747
jimmav@keroscapital.com

Source: EmailWire.Com