Major Development Causes Patriot Energy Directors to Convene
March 26 2009 - 09:00AM
Marketwired
Patriot Energy Corporation (PINKSHEETS: PGYC) announces today that
the board of directors have convened under very special
circumstances. Shareholders of Patriot Energy Corporation will be
updated on the ongoing developments within the next 48 hours. "One
of my foremost priorities after my appointment as CEO of Patriot
Energy Corporation was to bring shareholder value. The future, both
short and long term, looks extremely promising for Patriot Energy
Corporation shareholders."
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): 199,500,000
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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