Patriot Energy Corporation
PINK SHEETS : PGYC

Patriot Energy Corporation

May 19, 2009 15:32 ET

Patriot Energy and Marmara Motorlu to Issue Joint Press Release

MONTREAL, QUEBEC--(Marketwire - May 19, 2009) - 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.

Contact Information

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