Patriot Energy Corporation

Patriot Energy Corporation

March 02, 2009 09:00 ET

Patriot Energy Receives Praise From Carbon Credit Markets and Environmentalist Alike

MONTREAL, QUEBEC--(Marketwire - March 2, 2009) - Patriot Energy Corp. (PINKSHEETS:PGYC) announced today that shortly after releasing its business model, the company has received tremendous positive feedback from carbon credit market professionals and environmentalist alike.

According to the company, the one-time unit sale of $500.00 coupled with the recurring revenue of approximately $30.00 per year per unit makes Patriot Energy truly innovative. The product, which is aimed at both the retrofit and the OEM markets, is set to be released towards the end of the month of March 2009.

"We are really pleased with the reaction from carbon credit market participants as well as fellow environmentalist" said Tony Bisante. "Our product could help America reach its carbon emissions targets immediately and the savings from the efficiency derived from the use of our product will dramatically reduce our dependence to foreign oil. We believe that our stock price will continue to come back now that the malicious selling has stopped. The very recent high of $0.95 may be difficult to attain given the market conditions, but we believe that our revenue model and its sustainability will certainly contribute to closing the gap loss over the few last months," further added Tony Bisante.

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

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