Patriot Energy Corporation
PINK SHEETS : PGYC

Patriot Energy Corporation

February 27, 2009 09:00 ET

Fortune 500 Company Experience Significant Increase in Mileage Efficiency Using Patriot Energy's H2O Oxygenator System

MONTREAL, QUEBEC--(Marketwire - Feb. 27, 2009) - Patriot Energy Corp. (PINKSHEETS:PGYC) announced today that a fortune 500 company who installed Patriot's H2O Oxygenator test systems on fleet vehicles experienced significant increase in mileage efficiency by up to 50%.

According to the company, its new product, the H2O Oxygenator not only increased mileage efficiency by up to 40% for the fleet trucks that were equipped with the device, but also dramatically reduced their harmful emissions, making this large Fortune 500 company greener, safer and more profitable.

"Our pilot project could not have been more timely and meaningful" said Mr. Tony Bisante, Patriot Energy's President and CEO. "Our device, once installed on large corporate fleets will have a direct impact on the US economy and its air quality," further added Mr. Bisante.

The first generation H2O System, sold over 100,000 units and the company expects the newly adapted unit to regain the interest from previous customers immediately and OEM the product to automakers worldwide.

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.

Contact Information

  • Momentum IR
    Max Gagne
    514-913-0351
    877-253-7001