Patriot Energy Corporation

Patriot Energy Corporation

May 06, 2009 13:13 ET

Patriot Energy Provides Details on Recent Distribution Agreement With Toshkent Overseas

MONTREAL, QUEBEC--(Marketwire - May 6, 2009) - Patriot Energy Corporation (PINKSHEETS:PGYC) provided Shareholders and Stakeholders with further information regarding the recently announced distribution agreement with Toshkent Overseas, a major auto service and parts distributor.

Under the distribution agreement, Toshkent Overseas guarantees the purchase of 12,500 units per month for a period of 5 years. The initial purchase order has already been received by the company and further to shareholder demands; it will be posted on the company's website at within the next 48 hours.

"Initially, the name of our partner was misspelled and we apologize to our hareholders, stakeholders and our partner." Said Tony Bisante, President and CEO of Patriot Energy Corp. "Now that we have called our shareholders meeting for June 9th and that we can provide further details, we hope that the negative comments will stop and we can all work together to conclude this transaction." Further added Mr. Bisante.

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.

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