Patriot Energy, Positioned to Dramatically Reduce America's Dependence on Foreign Oil
February 25 2009 - 9:00AM
Marketwired
Patriot Energy Corp. (PINK SHEETS: PGYC) announced today that it is
repositioning its business to deliver environmentally friendly and
fuel efficient technologies, which can immediately help reduce
America's dependence on Foreign Oil by up to 40%.
According to the company, its new product, the H2O Oxygenator
System is scheduled to be release to the market pending the
publishing of the test results from the independent laboratory
expected towards the end of March 2009. Patriot's technology has
evolved from research and development in automobile racing and
their need to improve horse power consumption efficiency.
"We know our claims are sometimes difficult to believe by non
industry people and thus the reason to have the results
independently verified" said Tony Bisante, President and CEO of
Patriot Energy Corp. "We are very proud that this technology will
result in dramatic reduction in dependence on foreign oil and our
name has never been more meaningful than today" further added Mr.
Bisante.
The stock price of Patriot Energy has really been damaged by the
recent market condition and by the malicious selling by former
corporate partners. The company expects the stock to be back to its
initial value once the company does receive positive results from
the independent labs and releases its product to the market. It
should also be noted that Patriot Energy's stock is down from its
initial high of $0.95 per share in August 2007.
About Patriot Energy Corp.
Patriot Energy Corp. is a management holding corporation, which
owns a wholly owned subsidiary named Telteck Solutions and owns a
99 year exclusive leased license agreement with Tectane
Technologies Corporation for the Dual H2O Engine Oxygenator and New
Tri-Brid Engine (Electric/Flex-Fuels/H2O) Technologies. Patriot
Energy specializes in the development and marketing of energy
efficient technologies with a focus on reducing America's
dependence on Foreign Oil.
Total Shares Outstanding (fully diluted): 193,500,000
http://patriotenergycorporation.com
All statements in this news release that are other than
statements of historical facts are forward-looking statements,
which contain our current expectations about our future results.
Forward-looking statements involve numerous risks and
uncertainties. We have attempted to identify any forward-looking
statements by using words such as "anticipates," "believes,"
"could," "expects," "intends," "may," "should" and other similar
expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give
no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause
those results to differ materially from those indicated in any
forward-looking statements made by us or on our behalf. Such
factors include our limited operating history; our need for
significant capital to finance internal growth as well as strategic
acquisitions; our ability to attract and retain key employees and
strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our
stock; competition from other providers of similar products and
services; and other unanticipated future events and conditions.
Contacts: Momentum IR Max Gagne 514-913-0351 877-253-7001
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