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Prospector
Profile
07.1131
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| Rival Technologies, Inc. |
NAICS |
324110 |
| 3155 East Patrick Lane, Suite 1
Las Vegas, NV 89120 |
Description |
Petroleum Refineries |
| (888) 989-0584 |
Employees |
0 |
| http://www.rvti.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.5430 |
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Assets |
(mil) |
0.4300 |
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Liability |
(mil) |
0.1060 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Dohan and Company CPAs PA expressed doubts on the ability of Rival Technologies, Inc. to continue as a going concern due to its recurring losses from operations. The Company has an accumulated deficit of approximately $14,907,764 as of December 31, 2006.
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Intellectual Property:
In May, 2005, Rival filed a patent application with the United States Patent and Trademark Office for the CWI technology systems and process. On January 26, 2007, the United States Patent and Trademark Office allowed the CWI technology patent titled, “Emission Control Water Injection System for Diesel Engines”. In April, 2006, a patent application with the United States Patent and Trademark Office for the TRU Oiltech technology systems and process was filed. The application was followed with a PCT Patent Application, giving international protection in other countries, to be chosen at a later date by TRU Oiltech. On April 11, 2007, TRU Oiltech filed with the United States Patent and Trademark Office a patent application titled, “Method of Upgrading Heavy Crude Oil.” [SEC Filing 10-KSB/A 07-09-07]
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Description:
The Company engages in the acquisition and development of technologies related to diesel engines, and oil and gas in Canada and the United States.
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Officers:
Robin J. Harvey (Pres., Sec., Treas., CFO & Dir.)
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Auditor:
Dohan and Company CPAs PA
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Securities:
Common Stock-Symbol RVTI.PK; Other OTC;
46,608,628 common shares outstanding as of June 18, 2007.
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