PRESS RELEASE - RIO Nevada Energy Inc., corporate update/director appointment
Thursday, October 5 2000 - 02:00 AM WIB
RIO Nevada Energy Inc. (CDNX: RN) is pleased to announce the new name of the recently acquired technology/chemical Corporation from Concorde Technologies Inc. to RIO Nevada ProChem Inc.
Tierra Industries Inc., a subsidiary of RIO Nevada ProChem Inc., partnered with P.T. Ryorongka of Indonesia, recently exhibited the PSF (Permian Super Fuel) process at the Indonesian International Oil & Gas Conference and Exhibition in Jakarta, Indonesia.
PSF is a process of reforming fuels with the benefits of reducing emissions (carbon monoxide and unburnt hydrocarbons), reduced sulphur content, increases octane levels (average fuel savings from 20 to 40 percent) resulting in a cleaner burning, energy efficient and environmentally friendly fuel.
Representatives of Tierra Industries Inc. will be following up with prospective end users over the next few months.
RIO Nevada is also pleased to announce the appointment of Mr. Joseph M. Dow to the Board of Directors of the Corporation. Mr. Dow brings a wide range of financial and accounting experience to the Board.
RIO Nevada is a junior Canadian controlled energy Corporation based in Calgary, Alberta, Canada.
RIO Nevada Energy Inc.'s common shares trade on the Canadian Venture Exchange (CDNX) under the symbol ``RN''.
Contact:
RIO Nevada Energy Inc. Mr. David J. Badyk, President and Chief Executive Officer
Mr. William R. Sattlegger, P.Geol., Chief Operating Officer and Exec. VP, 403/263-6312, 403/261-2703 fax, rio.nevada@home.com , www.rionevada.com (*)