Patriot Energy Introduces Innovative Business Model to Help Reduce America's Dependence on Foreign Oil and its Carbon Emissions
February 26 2009 - 9:01AM
Marketwired
Patriot Energy Corp. (PINK SHEETS: PGYC) released today its new
innovative business model, which will help America reduce its
dependence on Foreign Oil as well as its carbon emissions.
According to the company, its new product, the H2O Oxygenator
not only increases mileage efficiency by up to 40%, it reduces
damaging emissions such as CO2 by up to 50%, therefore creating an
innovative business model from both device sales and carbon
credits.
The installation of Patriot's H2O Oxygenator will generate a one
time sale of $500 for the unit and recurring revenues of
approximately $30 per year per unit for an average of 5 years per
unit. The new unit is set to be launched upon receipt of
independent testing, expected towards the end of March 2009.
"Our business model will assure sustainability for our company
and shareholders, therefore avoiding the reoccurrence of the past,
whereby the original device sold over 100,000 units but no
recurring revenue." Said Tony Bisante, President and CEO of Patriot
Energy Corp. "Our product, which was once the sweetheart of the
financial market, is set to make a big come back but this time with
a sustainable business model for many years to come and truly
patriotically reduce America's Dependence on Foreign Oil and help
lead the way to a greener, safer planet." 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
www.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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