Rival Signs Marketing Agreement

VANCOUVER, British Columbia--July 24, 2003--Rival Technologies Inc., (OTCBB: RVTIF), announced today that it has completed a marketing agreement with M.A. Turbo/Engine Ltd. ("M.A. Turbo") related to the marine application of its continuous water injection ("CWI") technology. This marketing agreement allows Rival to immediately pursue sales and revenue from the marine application of the technology, while developing an application for commercial trucks and buses.

CWI technology is a continuous water injection system that allows for reduction of exhaust gas diesel emissions and reduced fuel consumption.

Rival is developing and will produce an application of CWI technology for the billion-dollar automotive transportation industry (Trucks, Buses).

M.A. Turbo has developed is currently selling an application of CWI Technology for the marine shipping industry. Its customers include a number of large established companies.

On behalf of the Board of Directors

Perry Guglielmi, President

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