REGI U.S., Inc. -- STODD International Appointed as Agent for Rand Cam Technology

    VANCOUVER, British Columbia--May 27, 2003--REGI U.S., Inc., (OTCBB:RGUS) U.S. subsidiary of Reg Technologies, Inc. (TSX VENTURE::RRE.V)(OTCBB:REGRF), wishes to announce that STODD International has been appointed as our agent for raising funds up to US$6 million for the development of the Rand Cam(TM) technology, including funds through acceptable contracts for continued development of the Rand Cam(TM) applications. REGI U.S., Inc. agrees to pay a five percent (5%) fee of the total funds received. This agreement is an extension of the Sept. 16, 2001, agreement with STODD International.
    Robert Stoddart, president of STODD International, is an experienced military contract negotiator and was instrumental in negotiating the Radian Milparts license agreement to build and develop the 42 H.P. diesel Rand Cam(TM) engine for remote piloted helicopter applications. The 42 H.P. diesel Rand Cam(TM) engine is currently being completed by Radian Milparts and testing is expected shortly.
    Stoddart has also been appointed to report the progress on the 42 H.P. diesel engine to the board of directors of REGI U.S., Inc.

    About REGI U.S., Inc. / Reg Technologies, 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. The Company has also built a compressor for air conditioning units for buses. Currently, our joint venture partner Radian Milparts is developing a diesel engine 42 H.P. engine for unmanned helicopter applications. Reg Technologies, Inc.'s goal is to license the Rand Cam(TM) technology and/or to participate in joint ventures to manufacture specific Rand Cam(TM) applications.

    ON BEHALF OF THE BOARD OF DIRECTORS

    "John Robertson"
    John Robertson
    President

    The TSX 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.