Patriot Energy Corporation
PINK SHEETS : PGYC

Patriot Energy Corporation

February 26, 2009 09:01 ET

Patriot Energy Introduces Innovative Business Model to Help Reduce America's Dependence on Foreign Oil and its Carbon Emissions

MONTREAL, QUEBEC--(Marketwire - Feb. 26, 2009) - Patriot Energy Corp. (PINK SHEETS:PGYC) released today its new innovative business model, which will help America reduce its dependence on Foreign Oil as well as its carbon emissions.

According to the company, its new product, the H2O Oxygenator not only increases mileage efficiency by up to 40%, it reduces damaging emissions such as CO2 by up to 50%, therefore creating an innovative business model from both device sales and carbon credits.

The installation of Patriot's H2O Oxygenator will generate a one time sale of $500 for the unit and recurring revenues of approximately $30 per year per unit for an average of 5 years per unit. The new unit is set to be launched upon receipt of independent testing, expected towards the end of March 2009.

"Our business model will assure sustainability for our company and shareholders, therefore avoiding the reoccurrence of the past, whereby the original device sold over 100,000 units but no recurring revenue." Said Tony Bisante, President and CEO of Patriot Energy Corp. "Our product, which was once the sweetheart of the financial market, is set to make a big come back but this time with a sustainable business model for many years to come and truly patriotically reduce America's Dependence on Foreign Oil and help lead the way to a greener, safer planet." further added Mr. Bisante.

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