USA (212) 688-8868 sales@genoil.net

PALM BEACH, FL–(MARKET WIRE) (2006-04-27)

PALM BEACH, FL–(MARKET WIRE)
2006-04-27

Genoil Inc. (OTC BB:GNOLF.OB – News) today announced that the Company is presently featured in an online interview at http://www.PRBroadcast.com. Mr. David Lifschultz, CEO of Genoil Inc., discusses the Company?s proprietary technologies offered to the oil and gas industry and updates to recent news events for Genoil shareholders. The GNOLF interview is available at http://www.PRBroadcast.com .To access the interview, click on “Join Now/Log In” in the upper right corner. After providing your name, e-mail address, and creating a password, click on the “register” button located at the top of the page. This will register you and send you back to the PRBroadcast.com home page. You may access any CEO Interview or Company name by “trading symbol” (GNOLF) or Company name located in the upper left portion of the PRBroadcast.com web page. About Genoil Inc. Genoil (OTCBB:GNOLF) is a technology development company providing solutions to the oil and gas industry through the use of proprietary technologies. The Genoil Hydroconversion Upgrader is designed to economically convert heavy crude oil into more valuable light synthetic crude, high in yields of transport fuels, while significantly reducing the sulfur, nitrogen and other contaminants in the oil. The Company recently announced that the United States Patent and Trademark Office has approved the patent of its innovative upgrading technology, the GHU (Genoil Hydroconversion Upgrader). The GHU patent was officially issued on February 21, 2006 and it means a great step in the commercialization of the upgrader. Genoil is proud of offering this technology as an alternative to other upgrading process and as a solution to the existing problems of the oil and gas production and refinery industry. The GHU uses hydrogen addition to convert heavy oil fractions into a lighter synthetic crude, with reduced sulphur and nitrogen contents that can be pipelined from the field without the need for mixing lighter oil or adding diluents and bring a higher price that the heavy crude with high sulphur content. The GHU process can not only increase the value of the oil, but also increase the volume output, while eliminating sulphur, nitrogen, metals and other contaminants from the oil, and helping to meet tight environmental regulations for clean transportation fuel. The GHU produces no coke in the upgrading process unlike traditional upgrading schemes that use the coking technology to upgrade, and the heavy residue fraction left after upgrading is reused as a gasifier to product the required hydrogen to operate the process. Genoil’s shares are additionally listed on the TSX Venture Exchange under the symbol GNO. For more information on Genoil Inc., please visit the corporate website at www.genoil.net About PRBroadcast.com PRBroadcast.com presents detailed interviews with CEOs, Company CFOs and Analysts which provides publicly traded companies with production services and distribution of their corporate messages in streaming video/audio format. Company interviews are broadcast to all major newswires, institutional and private investors, venture capitalists and buy and sell analysts. Statements contained herein, other than historical data, may constitute forward-looking statements. When used in this document, the words “estimate,” “project,” “intends,” “expects,” “believes” and similar expressions are intended to identify forward-looking statements regarding events and financial trends, which may affect the Company’s future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company’s actual results and financial position to differ materially from those included within the forward-looking statements. A complete disclosure of all fees paid to PRBroadcast.com is available on the Company’s disclaimer page as required by Section 17B of the SEC. The Private Securities Reform Act of 1995 provides a “safe harbor” for forward-looking statements.