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Genoil is Shipping Crystal Sea Separator and Plans to Open Middle East Office

Press Release Source: Genoil Inc. On Monday August 9, 2010, 6:00 am EDT

CALGARY, ALBERTA–(Marketwire – 08/09/10) – Genoil (TSX-V:GNO – News)(OTC.BB:GNOLF – News) is shipping a Crystal Sea Separator to a major VLCC operator (Very Large Crude Carriers) a division of one of the top five oil companies in the world. The Crystal Sea unit will be installed on board a tanker for a trial installation with the goal of placing our Crystal Sea units on board their entire fleet.

Genoil is to form a new subsidiary corporation in the Middle East for the purpose of business development in the area in partnership with a principal business group for the purpose of selling the GHU Upgrader and Genoil’s port cleaning solution. At the same time, Genoil intends to also open an office in Dubai and another in Saudi Arabia.

At the request of our manufacturer DongHwa Entec, Genoil is expanding its line of Crystal Sea Separators for the purpose of creating a full product range of every size to appeal to the entire shipbuilding industry, and the shipping industry in general. It is believed that this will facilitate significant market penetration. A new worldwide marketing effort will be initiated to sell to shipping lines.

Furthermore Genoil is bidding on Crystal Sea sales for a canal operator, a naval submarine for a national navy, and worldwide port operators.

In addition, Genoil is currently producing two new Crystal Sea units at the request of our Middle Eastern representative for client demonstrations.

Environmental Cleanup

Genoil combats the use of dispersants in Deepwater Horizon oil spills as its Crystal Separators can clean the water to five parts per million without the use of any chemicals. Genoil has a large volume demonstration unit in Canada ready to ship to the Gulf of Mexico. The Company intends to demonstrate its superior environmentally safe technology which needs no chemicals or dispersants. The company has expanded the oil and water separation department. Genoil’s Crystal Sea’s is an environmentally safe technology which is unique in that it makes use of the laws of physics using centrifugal force, coalescing beads, & gravity in five chambers almost free of oil before it arrives at the filter in the sixth stage. In this way Genoil’s separators are not prone to clogging.

Genoil environmental team offers the best alternative to the “lesser of the two evils” approach to the Gulf Cleanup. This approach incorporates the use of chemical dispersants. With our chemical free approach, we are uniquely suited to clean up the Gulf of Mexico oil spill as well as for cleaning the sand on the beaches.

Genoil CEO adds “No other technology can separate the volume of oil and water as we can while meeting environmental coast guard regulations of five parts per million for overboard discharge.”

The company is contacting the consortium of EXXON, Shell, ConocoPhillips, and Chevron to have included in their total response plan to future spills the Genoil Crystal Sea water cleaner and its sand cleaner. Genoil will promote with these same oil giants the use the Crystal Sea bilge cleaner for their tankers. Genoil intends to use the growing public awareness engendered by the oil spill to promote the cleaning of all the ports in the United States by seeking to meet with appropriate regulators.

Talks with BP are ongoing.

FORWARD LOOKING STATEMENTS: Certain information regarding the company, including management’s assessment of future plans, strategic partnerships, operations, financing outcomes and the ability to negotiate a definitive agreement on terms acceptable to both parties may constitute forward-looking statements under applicable securities law and necessarily involve risks associated with an oil and gas technology development corporation, including competition from other technologies and the ability to access sufficient capital from internal and external sources. When used in this press release, such statements use words such as “intend”, “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. As a consequence, actual results may differ materially from those anticipated. The Corporation assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those contemplated by the forward-looking statements. Additionally, statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the company’s ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues. Further information on potential risk factors that could affect the company’s financial results can be found in the company’s disclosure materials filed on SEDAR at www.sedar.com and with the Securities and Exchange Commission.

ADVISORY: The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact:



Contacts:
Genoil Inc.
David Lifschultz
Chairman and CEO
(914) 393-5800
DKLifschultz@genoil.net
www.genoil.ca