Reg Technologies, Inc. / REGI U.S., Inc. Appoint Corporate Marketing DirectorVANCOUVER, British Columbia--Oct. 22, 2001--Reg Technologies, Inc. (RRE.V) (OTCBB:REGRF) and its U.S. subsidiary REGI U.S., Inc. (OTCBB:RGUS) wish to announce that Robert D. Stoddart B.S. Chemical Engineering, has been appointed as Corporate Marketing Director for the Rand Cam(TM) technology applications for REGI U.S., Inc. Robert Stoddart brings with him 30 years experience in the aerospace and aircraft industry, as Corporate Marketing Director and Federal Government Affairs Director. Mr. Stoddart has been involved as a contractor and/or consultant for the Department of Defense, Naval Sea Systems Command; Naval Air Systems Command and Defense Advanced Research Projects Agency (DARPA).
The Company is also pleased to announce that Stodd International, Mr. Stoddart's company, has been appointed as agent for REGI U.S., Inc. to raise up to $6 million (U.S.) on a non-exclusive basis. A 5% agents fee of the total funds received from contacts introduced by Stodd International will be paid for funds raised, license fees, royalty payments and contract fees.
John Robertson, President of REGI U.S., Inc., welcomes Mr. Stoddart as an additional team member and believes that his extensive expertise in government relations and advanced technologies marketing will be a valuable asset to marketing the Rand Cam(TM) projects and raising substantial funds for REGI U.S., Inc.
Reg Technologies, Inc./REGI U.S., Inc. would also like to announce that our Rand Cam(TM) technology will be exhibited at the GSE Expo (Ground Support Equipment Expo http://www.gseexpo.com) in Las Vegas at the Rio Hotel and Convention Center on October 23, 24 & 25 - Booth No. T25. All visitors and shareholders will be welcome at our booth.
ABOUT REG TECHNOLOGIES, INC. / REGI U.S., INC.
Reg Technologies, Inc. jointly owns the worldwide rights to the Rand Cam(TM) rotary technology with its U.S. subsidiary REGI U.S., Inc. and is currently incorporating its latest winged rotor technology to dramatically improve sealing and reduce friction in the diesel Rand Cam(TM) engine. The Company has designed and built an air pump for fuel cell applications as well as an air pump for the lumbar seats in automobiles and has filed for a patent for a Hydrogen Separator Technology. The Company has also built a compressor for air conditioning units for buses.
The Company's goal is to license the technology and/or to participate in joint ventures to manufacture specific Rand Cam(TM) applications and the Hydrogen Separator Technology.
ON BEHALF OF THE BOARD OF DIRECTORS
John Robertson President
The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.
Statements in this press release regarding 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.