Management’s Discussion and Analysis
This Management’s Discussion and Analysis (MD&A) is dated August 12, 2008, and should be read in conjunction
with the audited financial statements for the quarter ended June 30, 2008. This and other information relating to Genoil
Inc. are available on SEDAR at www.sedar.com .
BUSINESS OF THE CORPORATION
Genoil Inc. is an international engineering technology development company based in Alberta, Canada. The company
has developed innovative hydrocarbon, oil and water separation, and marine technologies.
The company specializes in heavy oil upgrading, process system optimization, development, engineering, design and
equipment supply, installation, start up and commissioning of services to specific oil production, refining and related
Genoil has designed and developed the Genoil Hydroconversion Upgrader (GHU®) , an improved hydrogenation
process that upgrades and increases the yields from high sulphur, acidic, heavy crude oils and heavy refinery feed
stocks, bitumen and refinery residues into light, clean transportation fuels; and the Crystal separator, a unique
process for multi-stage separation of immiscible phases with different densities. The Crystal separators designed for
marine use (Crystal Sea) are the newest generation of our existing Crystal technology for bilge water separation.
The Company currently has 14 full time employees and 3 full time contracted consultants located in three principal
offices – Calgary, AB, Edmonton AB, and New York, NY. In addition, the Company operates a heavy oil upgrading
pilot facility in Two Hills, AB, with a capacity of 10 barrels per day where heavy oil and residue samples are upgraded
for potential clients testing.
Genoil’s sales and marketing operations are run through a network of commissioned technical sales agents
The Company’s securities trade on both the TSX Venture Exchange (Symbol: GNO) and the NASDAQ OTC Bulletin
Board (Symbol: GNOLF).
The Company has not generated reven