VANCOUVER, British Columbia and BOCA RATON, Fla., April 11, 2013 /PRNewswire/ -- REGI U.S., Inc. (OTC BB: RGUS, Frankfurt Stock Exchange: RGJ) -- Multi-media Productions (USA) is pleased to announce that REGI US has been selected to appear on 21st Century Business, an award winning international television series.
REGI U.S., Inc. owns the U.S. rights to RadMax™ rotary technology. The Company's goal is to license the RadMax™ technology and/or to participate in joint ventures to manufacture specific RadMax™ applications.
In 2003, a license option agreement was completed with Radian Milparts and an improved version of the Rand Cam Rotary engine was developed and called the RadMax design that now incorporates 12 vanes for superior power and efficiency. In December of 2005, all rights were assigned to REGI U.S. Inc. by Radian Milparts. In November 2008, REGI U.S., Inc. signed an option agreement for a license for certain applications with a Fortune 1000 company to evaluate and design a working model diesel engine. REGI U.S., Inc. is presently assembling the RadMax engine design and has now commenced testing of the RadMax demonstration model engine.
At the 2009 Clinton Global Initiative annual meeting, the RadMax engine concept was presented and a commitment to CGI was accepted from the Company to complete and commercialize a light weight, fuel efficient engine that is reported to reduce emissions up to 35% using gasoline as a fuel in automobiles and, if used in hybrid car applications, can be reduced up to 55% with a mileage of 54 miles per gallon and/or 76 miles per gallon respectively pursuant to a report by Dr. Allen MacKnight, former Thermodynamics engineer for Honeywell.
"As a potential leader in their industry, REGI US was a natural fit for our show," stated JL Haber, Vice President of Programming for 21st Century Business. "We are excited to share their story."
For more information visit http://www.regiinc.com
About 21st Century Business
21st Century Business is an award winning television series produced by Multi-Media Productions. The show features companies providing business viewers an in depth opportunity to find solutions within many industries globally.
21st Century Business airs on CNBC and the Fox Business Network to over 100 million viewers nationwide as well as internationally via DirecTV and Dish Network. The series is also available at more than 27 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University.
ON BEHALF OF THE BOARD OF DIRECTORS
REGI U.S., Inc.
REGI U.S., Inc.
John Robertson, 1-800-665-4616
Statements in this press release regarding the business of Reg Technologies Inc. and REGI U.S, Inc. (together the "Companies'") which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, certain of which are beyond the Companies' control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: the impact of competitive products and pricing, the Companies' dependence on third parties and licensing/service supply agreements, and the ability of competitors to license the same technologies as the Companies or develop or license other functionally equivalent technologies; financing requirements; changes in laws, rules and regulations applicable to the Companies and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Companies' actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in Reg Technologies' financial statements, management discussion and analysis and material change reports filed with the Canadian Securities Administrators and available at www.sedar.com, and its Form 20-F filed with the United States Securities and Exchange Commission at www.sec.gov, and REGI's Form 10-KSB annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Companies will derive therefrom.
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Phone: 604-278-5996 Fax: 604-278-3409
Toll Free: 800-665-4616
SOURCE REGI U.S., Inc.