Patriot Energy and Marmara Motorlu to Issue Joint Press Release
May 19 2009 - 3:32PM
Marketwired
Patriot Energy Corporation (PINKSHEETS: PGYC) announced today that
it will issue a joint press release with Marmara Motorlu on
Thursday May 21, 2009.
According to the company, several shareholders have questioned
the process and even the validity of the all cash purchase offer
and the acquirer has requested that a formal joint release be
disseminated to shareholders on May 21, 2009 at 11am. Marmara
Motorlu has also divulged through a representative that it is
purchasing stocks in the market and it has purchase 17,654,000
shares thus far at an average of $0.034 and that they intend to
continue acquiring stocks until the transaction is concluded and
therefore saving a considerable amount for the acquisition.
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.
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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