Message #5 From:
NewsBot Date: November 6, 2006 06:00:00 AM
RGUS News REGI U.S., Inc. Appoints Vice President of Marketing
VANCOUVER, British Columbia--(BUSINESS WIRE)--REGI U.S., Inc. (OTCBB: RGUS)(FWB: RGJ) is pleased to announce
that the Company’s board of directors has
appointed Lynn Petersen as Vice President of Marketing for the RadMax™/Rand
Cam™ technology.
Mr. Petersen has been involved with marketing management for over 12
years. Most recently he was Marketing Manager for three years at
Jetseal, Inc., which manufactures high tech seals for aerospace,
military, semiconductor, and nuclear industries.
Mr. Petersen will be responsible for managing marketing activities, and
making presentations for the RadMax™ and Rand
Cam™ technology, to major potential end
users. He will also be researching, defining and optimizing new business
markets for REGI U.S., Inc.
REGI U.S., Inc. will be opening up an additional office in Spokane, WA,
under the management of Mr. Petersen.
REGI U.S., Inc. owns the U.S. rights to the Rand Cam™/RadMax™
rotary technology that is used in an engine that is a light weight
rotary engine with only two moving parts: the vanes (up to 12) and the
rotor, compared to the 40 moving parts in a simple four-cylinder piston
engine. This revolutionary design makes it possible to produce a total
of 24 continuous power impulses per one rotation that is vibration-free
and extremely quiet. The Rand Cam™/RadMax™
engine also has multi-fuel capabilities and is able to operate using
fuels including gasoline, natural gas, hydrogen, propane and diesel. Reg
Technologies Inc., the parent company of REGI U.S., Inc., together with
it, is in the process of testing a Rand Cam™/RadMax™
diesel engine for a generator application for hybrid electric cars and
for unmanned aerial applications for the U.S. military. For more
information, please visit www.regtech.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson
President
Forward-Looking Statements
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. Statements in this press release regarding
Reg Technologies/REGI's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties,
including the impact of competitive products and pricing, the need to
raise additional capital, uncertain markets for the Company's products
and services, the Company's dependence on third parties and
licensing/service supply agreements, and the ability of competitors to
license the same technologies as the Company or develop or license other
functionally equivalent technologies.
