Patriot Energy Corporation

Patriot Energy Corporation

April 02, 2009 11:03 ET

Patriot Energy Corporation Enters Into Distribution Agreement With Ti Innovations for a Minimum of 150,000 Units

MONTREAL, QUEBEC--(Marketwire - April 2, 2009) - 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

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