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Power of the Dream Ventures Commissions Second Phase of VITUKI Testing of RiverPower Prototypes

SOURCE:

Power of the Dream Ventures, Inc.

2008-04-04 09:48:00

Power of the Dream Ventures Commissions Second Phase of VITUKI Testing of RiverPower Prototypes

BUDAPEST, HUNGARY–( EMWNews – April 4, 2008) – Power of the Dream Ventures (PDV) (OTCBB: PWRV), one of Hungary’s premier technology acquisition companies, today

announced that the Company has ordered a second round of testing at VITUKI,

Hungary’s Environmental and Water Management Research and Consulting

Ltd., of the Company’s RiverPower technology.

VITUKI houses Central-Eastern Europe’s largest water testing equipment.

RiverPower will be tested in a 70 meter long 1.5 meter wide channel. Rather

than moving water through a stationary device, the one fourth scale

prototypes will be moved in the water through the length of the canal. As

the connected vertical wheels turn, torque is transferred to a single shaft

where it is measured to determine potential power generating

characteristics of the device.

This second rounds of testing is aimed at enhancing and optimizing the

design of RiverPower, the end result of which will be an increase in

performance on the order of two to three times of the original machines.

Once testing completes, anticipated by the end of August, a full sized

machine is to be installed and river tested at a suitable location.

RiverPower is a proprietary, environmentally friendly, renewable power

generation technology aimed at converting the flow of rivers into

electricity without the need for expensive and environmentally degrading

dam construction. In order to generate electricity, RiverPower generators

are simply submerged into rivers and anchored to the riverbed. As long as

the river flow exceeds one meter per second, RiverPower machine will

generate electrical power economically.

About PDV

Power of the Dream Ventures, Inc. is a premier holding company focused on

technology acquisition and development enabling the delivery of

revolutionary concepts and ready to market products to the international

marketplace. We develop, acquire, license, or co-develop technologies that

originate exclusively in Hungary that are in prototype stage based on

existing patents; in prototype stage prior to patenting; existing products

that require expansion capital to commercialize; emerging science and

high-technology research projects that require help in patenting,

developing the product and marketing; University spin-off technologies and

ideas from the very early stages on that represent “disruptive

technologies.” For more information please visit our website at

http://www.powerofthedream.com

Contact

Viktor Rozsnyay
President
+36-1-456-6061

Daniel Kun, Jr.
Vice President
+36-1-456-6061

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