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

Axial Vector Energy Corporation announced today its entry for the Environmental Protection Category for the Dubai Award for Sustainable Transport 2nd Edition, under the patronage of HH Sheikh Hamdan Bin Mohammed Bin Rahid Al Maktoum, Crown Prince of Dubai & Chairman of Dubai Executive Council. This particular award displays Dubai’s leadership in supporting sustainable transport to make the world a better place.

According to the press release, AVEC’S “ultra clean hybrid taxi” would provide the Dubai government a 50% fuel savings and a 75% reduction in exhaust gases for Dubai Taxi Corporation (DTC) at Roads and Transport Authority (RTA) fleet. This fleet is comprised of approximately 3,500 vehicles that deliver a number of service categories such as District Taxi, Airport Taxi, Hatta Taxi, Ladies Taxi, and Special Needs Taxi, in addition to ordinary taxis.

AVEC is working with other innovators in the Gulf

Leading DNA vaccine discovery company, Inovio Biomedical Corporation announced that their Scientific Advisory Board Chairman, Dr. David B. Weiner, highlighted advances in the company’s leading electroporation-delivered SynCon™ DNA vaccines at the AIDS Vaccine 2009 Conference in Paris.

The study, led by Dr. Weiner’s team at the University of Pennsylvania, included collaborators from Inovio and Merck. The team previously reported that DNA vaccines delivered using electroporation induced dramatic increases in T-cell and antibody-based immune responses. This collaborative study was the first to directly compare a DNA plasmid-electroporation platform with a recombinant Ad5 vector in an SIV model in non-human primates.

Dr. Weiner presented pre-clinical data showing higher levels of immune responses induced by Inovio’s DNA vaccines than to those induced by the recombinant adenovirus serotype 5 (Ad5) vector. Historically, recombinant Ad5 vector has been shown to be one of the most potent viral vectors for vaccines.

In his presentation, Dr. Weiner also

Axial Vector Energy Corp., a leader in energy conversion efficiency, is fortunate in that it is run by one of the most seasoned international management and advisory teams, with over a century of combined experience. This is critical in starting and growing a company, obtaining the required capital, locking in the rights to key products and technologies, and ensuring that your message gets out to the public on a worldwide basis.

• Samuel Higgins, Axial Chairman, has been involved in raising and investing capital globally for over 30 years, with extensive experience in the energy industry, as well as in real estate and technology. His global contacts include his role as Managing Director of a family office in Latin America that advises high net worth individuals. He also has strong connections in the Middle East, and is partner in Emirates International Capital Advisory

Vision Industries Corp., producers of the zero emission plug-in electric/hydrogen fuel cell Tyrano™ truck, announced this morning that it has entered into a distribution agreement with Los Angeles Freightliner and Velocity Vehicle Group. Los Angeles Freightliner has agreed to be an authorized dealer of the Tyrano™ truck within the territory described as Southern California, and Los Angeles Freightliner will administer all product warranties, services and repairs programs.

Brad Fauvre, President of Los Angeles Freightliner stated, “We would like to commend Vision on its hydrogen hybrid truck and their commitment to the use of the cleanest available alternative fuel trucks to provide port drayage services. We understand the need for cleaner trucks to improve air quality and support any and all initiatives that help to achieve that goal, particularly in Southern California, which has some of the worst air quality in the nation. We look forward to providing Vision’s zero emission

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Lockheed Martin (NYSE: LMT) has successfully completed acoustic testing of the second Advanced Extremely High Frequency (AEHF) military communications satellite. The Advanced EHF system will provide survivable, highly secure, protected, global communications for all warfighters serving under the U.S. Department of Defense.

Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.20 per share for the third quarter of 2009. The dividend is payable on October 15,

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AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. today reported that during the month of August, preliminary assets under management increased by approximately $13 billion, or 2.8%, to $482 billion at August 31, 2009, as positive investment returns were partially offset by modest net outflows.

Montpelier Re Holdings Ltd. (NYSE:MRH) announced today that Chris Harris, President & CEO of Montpelier Re Holdings Ltd., is scheduled to present at the Barclays Capital Global Financial Service Conference in New York City on September 16, 2009 at 12:00 pm Eastern Time.

Sprint Nextel (NYSE:S) CEO Dan Hesse will participate

Axial Vector Energy Corporation announced this morning that it has launched a Global Awareness Program as well as a new website. The Global Awareness Program will air on WBIX The Business Station and Business Talk Radio Network, which cover financial and marketing groups and institutional investor markets. Chief AVEC Engineer, Mr. Douglas Hahn, will explain the many benefits of the company’s unique multi fuel engines and generators.

Mr. Sanjai Chhaunker, President & CEO of AVEC, stated, “This comprehensive upgrading, along with the detailed road map letter, clearly outlines the success strategy of the new AVEC.” Mr. Chhaunker added, “Douglas Hahn’s radio interview on September 9th and 10th is the beginning of a Global Investor Awareness Program, which includes TV, print media, Green Energy Conference presentations and exposure of our company’s products to institutional investors.”

Let us hear your thoughts: Axial

Axial Vector Energy Corp. announced this morning that its new corporate website including special access for OEMs (Original Equipment Manufacturers for Engines) will be launched on Tuesday, September 8th at 9:30 AM Eastern Time.

A comprehensive update letter from the new Chairman, Mr. Samuel Higgins and President & CEO, Mr. Sanjai Chhaunker will also be included in addition to two new videos. The first video provides an overall explanation of the benefits of the AVEC family of technologies, while the second gives a detailed tour of the operating engine, generator, and engine control system.

Mr. Sanjai, Chhaunker, President & CEO stated, “The combination of these completed technologies clearly show that the several years and multi-million dollar development program have been worth it.”

Mr. Chhaunker went on to say, “Much lower fuel consumption, dramatically lower emissions, the ability to run effortlessly on

Axial Vector Energy Corp. announced this morning that its revolutionary Axial Vector Engine will be featured on the Global News Group Program “Special Edition TV.” The program provides a platform for companies and organizations to discuss and present their solutions. Select companies are also given international exposure via customized news reports reaching industry leaders and people through various news and media outlets.

Last month, Host and Managing Editor of “Special Edition TV”, Ileana Bravo interviewed representatives from AVEC at their first United States-based live demonstration of the “axial flux” and GENSET technology power generating system. The video taken from these interviews, demonstrations, and other sources has been compiled to help deliver Axial Vector’s story.

Ms. Bravo commented, “The fact that this engine runs on bio-based oil as fuel is significant in several ways. Palm oils that are totally renewable fuel sources can be