HENDERSON, Nev., Nov. 11, 2009 (GLOBE NEWSWIRE) — RIVAL Technologies Inc. (OTCBB: RVTI) announced today that it has signed a Letter of Intent with a group of investors that will provide a $6 million financing to the company.

Terms of the proposed agreement are subject to a confidentiality agreement between the parties and will be announced upon successful completion of the agreement expected during the fourth quarter.

The funds will be used to complete engineering and construction of the first TRU process, one barrel per day, continuous feed pilot plant.

Rival continues to negotiate the previously announced opportunity in South America.

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

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EcoloCap Solutions Inc. will be hosting representatives from four continents in Korea this November in the first ever public unveiling of the company’s M-Fuel product, an innovative suspension fuel for use in diesel engines. M-Fuel, developed and manufactured by MBT (Micro Bubble Technologies), a subsidiary of EcoloCap Solutions Inc., is an innovative suspension fuel that far exceeds efficiencies for all conventional fuels. This environmentally-friendly and economical product is designed to offer fully scalable and customizable fuel solutions that increase efficiency, lower operating costs, and reduce emissions.

M-Fuel is a suspension mixture of 60% heavy oil, and 40% separated hydrogen and oxygen, plus a stabilizing additive. Nano Processing Units (NPUs) produce the fuel and can be configured to be integrated with an engine, producing fuel on demand, or the fuel can be pre-manufactured for delivery.

The event in Korea, scheduled for November 18th, will have representatives from more than

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Friday September 18, 2009

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Cavico Corp. (NASDAQ:CAVO), a leading infrastructure development company based in Vietnam, announced today that its common stock has been approved for listing on The NASDAQ Capital Market under the ticker symbol CAVO. Trading on The NASDAQ Capital Market will commence today.

Avago Technologies Limited (Nasdaq:AVGO), a leading designer, developer and global supplier of analog semiconductor devices, today announced the early tender results for the cash tender offer by its wholly owned subsidiary, Avago Technologies Finance Pte. Ltd.

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Wescorp Energy, Inc., an oil and gas operations solutions company focused on commercializing operational technologies, recently announced that the company has received a $1 million commitment from Cancen Oil Canada Corporation, an oilfield waste management and processing company. Cancen has committed $1,000,000 for the immediate construction of three Wescorp remediation units. This commitment is in accordance with the joint venture partnership that was announced on July 29, 2009.

Management has agreed that the first three units will consist of two H20Maxx water units and one HCXT solids remediation unit. H20Maxx is a commercially proven, safe and economical process for cleaning and separating oil and solids from produced water using patented technology. The HCXT solids remediation unit is also safe and economical for the extraction and cleaning of hydrocarbon-laden sediments and solids. The technology uses biodegradable chemicals to separate heavy oil from solids, including drilling cuttings and fine sands and clays from

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Solanex Management Inc. is a technology company that designs and manufactures Thermal Destructors and Steam Injection Systems. The company also has a division devoted to investing in outside business opportunities, with an emphasis on environmentally friendly technologies.

The company’s Thermal Destructor is a mobile system used to clean soil that has been contaminated with pollutants. The system sterilizes soil by using a gas-fired combustion chamber and a liquid scrubber, and is effective in cleaning up oil from well sites.

The Steam Injection System is a steam generation device that is used to inject steam into the ground in order to assist in the production of hydrocarbons from heavy oil or oil sands projects. The system can also be used in tertiary recovery efforts on mature wells that can no longer produce on their own. The company’s device is

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Solanex Management Inc. is a technology company that designs and manufactures Thermal Destructors and Steam Injection Systems. The company also has a division devoted to investing in outside business opportunities, with an emphasis on environmentally friendly technologies.

The company’s Thermal Destructor is a mobile system used to clean soil that has been contaminated with pollutants. The system sterilizes soil by using a gas-fired combustion chamber and a liquid scrubber, and is effective in cleaning up oil from well sites.

The Steam Injection System is a steam generation device that is used to inject steam into the ground in order to assist in the production of hydrocarbons from heavy oil or oil sands projects. The system can also be used in tertiary recovery efforts on mature wells that can no longer produce on their own. The company’s device is

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Recently, I had the unique opportunity to tour two different oil sands operations near Fort McMurray, in northern Alberta. I saw a massive open-pit oil sands mine, and the associated reclamation effort, operated by Syncrude Canada Ltd. I also visited an in situ oil sands recovery project called Surmont, operated by ConocoPhillips (NYSE:COP).

The trip was sponsored by the American Petroleum Institute (API), which paid for the airfare and accommodations. Managers at both Syncrude and ConocoPhillips granted me access to any parts of their operations I wanted to see (within allowances for safety). And everyone answered any and all questions I asked.

Post-trip, I have complete editorial freedom to write about what I saw and learned. And I learned a lot. So this is Part I of a two-part series. Watch for Part II.

The Past and Future of Oil and Oil Sands

The first thing that struck me about visiting

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I had the unique opportunity to tour two different oil sands operations near Fort McMurray, in northern Alberta. I saw a massive open-pit oil sands mine, and the associated reclamation effort, operated by Syncrude Canada Ltd. I also visited an in situ oil sands recovery project called Surmont, operated by ConocoPhillips (NYSE:COP).

When we think about the concept of ’Peak Oil’ today, we need to keep in mind what we’re talking about. The curves show oil output peaking in so many parts of the world. This phenomenon is quite real, as long as you understand that it’s the light, sweet, easy-flowing oil that is getting harder and harder to find, certainly in significant quantity.

But there are a lot of other hydrocarbon molecules out there. Most of those molecules are not light, sweet crude oil. Indeed, most of the hydrocarbon molecules that the world will use in the future will be

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Government budget hits all-time insanity… record monthly, year-to-date deficits… “Cash for clunkers” helps GM, but not economy… July retail sales stage surprise fall… Fed plans exit strategy, ends bond buys… why the FOMC is still not helping you… Byron King’s crude reality: How Canada could be the next Saudi Arabia…

It’s official: Our government ran a record $180.7 billion over budget in July, the Treasury Department said today. That’s just a bit over Wall Street expectations and just under the Congressional Budget Office estimate we reported Monday. Thus the government tab so far this fiscal year is a record $1.27 trillion, not the record $1.3 trillion the CBO guessed earlier this week. Phew… what a relief.

A few more scary details:

The budget deficit is still on track to exceed $1.8 trillion by October, the end of the fiscal year. That would be four times last year’s record budget July spending rose to over ...

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Wednesday August 5, 2009

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TomoTherapy Incorporated (NASDAQ: TOMO) announced today that the 2009 meeting of the American Association of Physicists in Medicine (AAPM) featured a comprehensive look at the current and future role of TomoTherapy® technology in addressing complex cancer treatment challenges. TomoTherapy users from around the world attended the AAPM annual meeting, presenting on topics that addressed: the successful use of TomoTherapy’s unique radiation therapy solution across a wide range of cases; planning studies documenting the clinical advantages of TomoTherapy over treatments from conventional radiation therapy devices; and investigations into radiobiological treatment improvements using the unique CT scanner-based TomoTherapy platform.

China Bio Energy

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