Patriot Energy Corporation
PINK SHEETS : PGYC

Patriot Energy Corporation

May 22, 2009 09:00 ET

Patriot Energy Corporation: Alcoses Group Re-affirms Support for Purchase Offer

DUBAI, UNITED ARAB EMIRATES--(Marketwire - May 22, 2009) - Patriot Energy Corporation (PINK SHEETS:PGYC) - (Alcoses Group - Marmama Motor) Mr.Ahmed Alcoses, president and CEO of Alcoses Group, re-affirmed in a statement that he continues to support the all cash stock purchase offer and apologizes for the confusion brought by statements posted on their website and or that of their subsidiaries which may have been misleading to shareholders.

Mr.Tony Bisante president and CEO of Patriot Energy Corporation and Mr.Ahmed Alcoses state that this confusion was created by Mr.Nino DeSantis, Mr.Robert DeSantis (alias N.Sanders) and Micheal Graham of Tectane Technologies. Both Mr.Bisante, and Mr.Alcoses have concurred that these individuals are creating confusing and misleading statements in an effort to sabotage the 100% sale of Patriot Energy Corporation to the Alcoses Group.

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.

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