Patriot Energy Corporation
PINK SHEETS : PGYC

Patriot Energy Corporation

July 15, 2008 09:15 ET

Patriot Energy Corporation Moves to Change Name and List on Frankfurt

TelTeck Solutions (TTS) is a company of technological innovation in the telematic field

CALGARY, ALBERTA--(Marketwire - July 15, 2008) - Patriot Energy (PINK SHEETS:PGYC) is pleased to announce that it has started the process to change the name of the company to better represent the business of 100% wholly owned subsidiary TelTeck Solutions Inc.. The new name for Patriot Energy will be TelTeck Solutions Inc. The URL for TelTeck Solutions is http://teltecksolutions.com/home.htm.

The new name of the company will serve to brand the company in the investing public's eyes. We expect to complete this process in a timely manner. The new name will result in new certificates being issued with new CUSIP numbers.

The company has also begun the process of listing the company's shares for listing on the Frankfurt Stock Exchange. This new listing will improve liquidity for existing investors and allow investors in EU to participate in the success of TelTeck Solution Inc. on a going forward basis. Investors from Russia, the UK and the Middle East are all participants in the Frankfurt Exchange. The company expects this move to have a positive impact on the stock price of the common shares.

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

  • Patriot Energy Corporation
    Paul Mastantuono
    Communication Coordinator
    514-253-7000
    877-253-7001