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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Companies featured in this edition of the newsletter: CUR, CVM, ENZ, IMUC, MBCI, ONEZ, PHC, SVUL

Markets finished in positive territory yet again during this holiday shortened week despite the lack of any significant developments on either the corporate or economic fronts. All told, the Dow gained 164 points to close at 9605, up 1.7% on the week and 9.4% on the year. The Nasdaq gained 3.1% on the week, closing at 2080, up 32% on the year, while the S&P 500 and Russell 2000 gained 2.6% and 4.0% respectively on the week, up 15.4% and 18.8% on the year.

It was a slow week on the corporate side, but there were some healthy signals from the technology sector, as Texas Instruments raised its Q3 outlook, guiding for EPS of between $0.37 and $0.41, up from previous forecasts of $0.29-$0.39. Fed Ex also guided higher, citing cost management and better

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Headquartered in Henderson, Nevada, American Lithium Minerals is a mineral exploration company with interests in America’s richest lithium reserves. The Company has 100 percent mineral rights to 16,000 acres comprising four claim blocks in Nevada’s lithium-rich Montezuma Valley.

The company is currently assessing the size, quality, and processing alternatives of their Lithium Brine Project. Formerly known as Nugget Resources Inc., the Company changed their name to American Lithium Minerals, Inc. on March 20, 2009. They have their corporate headquarters in Henderson, Nevada.

There is currently an increased demand for lithium carbonate due to the shift to hybrid/electric vehicles. American Lithium Minerals expects to develop their Nevada lithium resource into one of the world’s largest strategic, scalable, and reliable sources of battery grade lithium carbonate. The Company is working to develop and realize their mineral projects through cooperation with international partners.

Lithium is a comparatively rare element. Larger amounts of the metal

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Sentiment was mixed yesterday as a weak report on housing starts soured hopes of a much-expected recovery in housing markets. Tech shares, nevertheless, showed strength on signs of improving PC sales.  However, after the close, Hewlett-Packard (NYSE:HPQ) announced additional job cuts and its full-year revenue guidance also disappointed.  Financials declined in spite of improved LIBOR data and a number of firms announcing plans to pay back TARP funds.  Market's volatility measure, the CBOE Vix, fell below 30.

Yesterday the DJIA declined 0.3% and S&P was off 0.2%; tech-heavy Nasdaq managed a 0.1% gain. Among DJIA components, Citigroup (NYSE:C), Alcoa (NYSE:AA) and Hewlett-Packard (NYSE:HPQ) led the advancers with gains of 3.6%, 2.0%, and 2.4%, respectively.  Home Depot (NYSE:HD) shares declined 5.3%, after yesterday's 6.6% surge, as the company reported a decline in sales and margins, even though the company's earnings were above expectations.  American Express (NYSE:AXP), which said it is

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HENDERSON, Nev. - March 18 2009 - K2 Energy Solutions, a manufacturer of rechargeable battery systems for electric vehicles and energy storage applications, has been awarded a $119,000 contract by the U.S. Army's Communications-Electronics Research, Development, and Engineering Center (CERDEC) at Fort Monmouth, New Jersey.

NYT: A Sea of Unwanted Imports November 19, 2008

By MATT RICHTEL NYTimes

LONG BEACH, Calif. — Gleaming new Mercedes cars roll one by one out of a huge container ship here and onto a pier. Ordinarily the cars would be loaded on trucks within hours, destined for dealerships around the country. But these are not ordinary times.

For now, the port itself is the destination. Unwelcome by dealers and buyers, thousands of cars worth tens of millions of dollars are being warehoused on increasingly crowded port property.

And for the first time, Mercedes-Benz, Toyota, and Nissan have each asked to lease space from the port for these orphan vehicles. They are turning dozens of acres of the nation’s second-largest container port into a parking lot, creating a vivid picture of a paralyzed auto business and an economy in peril.

“This is one way to look at the economy,” Art Wong, a spokesman for the

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