Patriot Energy Corporation Enters Into Distribution Agreement With Ti Innovations for a Minimum of 150,000 Units
April 02 2009 - 11:03AM
Marketwired
Patriot Energy Corporation (PINKSHEETS: PGYC) announced today that
it has signed a non-exclusive distribution agreement with Ti
Innovations for a minimum of 150,000 units.
According to the company, Ti Innovations will guarantee a total
of 2,500 units ordered per month for the next 5 years, representing
150,000 units and $75,000,000 in unit sales and $13,500,000 in
carbon credit trading.
"This order not only represents a significant milestone for our
company, it truly comes at a right time to further add substance to
our negotiations." said Tony Bisante, President of Patriot Energy
Corp."
About Patriot Energy Corporation
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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