Copyright 2001 PR Newswire Association, Inc.
PR Newswire
December 6, 2001, Thursday
SECTION: FINANCIAL NEWS
HEADLINE: REGI U.S., Inc.: U.S. Navy Contract Awarded
DATELINE: COLUMBUS, Ind., Dec. 6
BODY:
REGI U.S., Inc. (OTC Bulletin Board: RGUS) a subsidiary of Reg Technologies, Inc. (RRE.V /
OTC Bulletin Board: REG RF) wishes to announce that a U.S. Navy contract (SBIR No1-144) has
been awarded to Advanced Ceramics Research (prime contractor) and REGI U.S., Inc. to build
and test a Naval 0.5 horsepower ceramic engine. The proposed engine is a four stroke Rand
Cam(TM) engine utilizing continuous injection and combustion in a single combustion chamber. The
engine will be of all ceramic construction to permit high temperature operation, without cooling, to
effectively burn heavy oil. This new motor will be developed for powering the U.S. Navy's new
Smart War-fighter Array of Re-configurable Modules (SWARM) low cost unmanned aerial vehicle.
REGI U.S., Inc. is currently in negotiations with Advanced Ceramics Research to license the
Ceramic Rand Cam(TM) Engine for commercial and U.S. Navy applications for this type of engine.
REGI U.S., Inc. will receive 30% of the Phase I budget and 50% of the Phase II budget when
awarded. The contract should start before the end of the calendar year. The total Phase I and
Phase II budgets is expected to be $850,000.
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"
John Robertson
President
end of article
________________________________________________
(Below is a relevant section of REGI US's financial disclosure. Note "ownership." )
REGI U S INC
DISCLO COMPANY NUMBER: R311621000
CROSS REFERENCE: WAS SKY TECH INC
TICKER SYMBOL: RGUS EXCHANGE: OTH
185 10751 SHELLBRIDGE WAY
RICHMOND BRITISH COLUMBIA V6X2W8 CANADA, FF
6042785996
Financial Statements (.xls)
INCORPORATION: OR
COMPANY-NUMBER:
FORTUNE NUMBER: NA
FORBES NUMBER: NA
CUSIP NUMBER: 758943104
PRI-SIC: 3714
2ND-SIC: 3714
DESCRIPTION:
DEVELOPS AND EXPLOITS AXIAL VANE TYPE ROTARY ENGINES.
SHARE INFORMATION:
CURRENT OUTSTANDING SHARES (SOURCE: 10-QSB 03/15/2002)
11,287,935
SHARES HELD BY OFFICERS AND DIRECTORS (SOURCE: PROXY)
6,201,550
SHAREHOLDERS (SOURCE: 10-K)
221
STOCK INFORMATION
LATEST TRADE DATE
04/12/2002
FOR WEEK ENDING
04/11/2002
VOLUME
32,000
HIGH (OR ASKED)
0.230
LOW (OR BID)
0.200
CLOSE (OR AVERAGE)
0.230
EARNINGS INFORMATION
FOR TWELVE-MONTHS ENDING
NA
EPS
NA
PRICE/EARNINGS RATIO
-163.800
OWNERSHIP:
ROBERTSON, JOHN G., 58.37%
RAND ENERGY GROUP INC., 51.44%
THE WATCHTOWERSOCIETY, 5144%
MCCNN, JAMES, 51.44%
TYPE DATE(Q,M) OWNERS CHANGE (000S) HELD %OWN
INVEST. COS. 12/31/2001(Q) 0 0 0.00
INSTITUTIONS 12/31/2001(Q) 1 0 5 0.04
5% OWNERS 12/31/2001(M) 0 NA 0 0.00
INSIDERS 02/28/2002(M) 2 NA 5,099 49.88
____________________________________________________________________
note: only the "bookkeeper" knows why their pecentages don't add up...