Patriot Energy Corporation: Alcoses Group Re-affirms Support for Purchase Offer
May 22 2009 - 8:00AM
Marketwired
Patriot Energy Corporation (PINK SHEETS: PGYC) - (Alcoses Group -
Marmama Motor) Mr.Ahmed Alcoses, president and CEO of Alcoses
Group, re-affirmed in a statement that he continues to support the
all cash stock purchase offer and apologizes for the confusion
brought by statements posted on their website and or that of their
subsidiaries which may have been misleading to shareholders.
Mr.Tony Bisante president and CEO of Patriot Energy Corporation
and Mr.Ahmed Alcoses state that this confusion was created by
Mr.Nino DeSantis, Mr.Robert DeSantis (alias N.Sanders) and Micheal
Graham of Tectane Technologies. Both Mr.Bisante, and Mr.Alcoses
have concurred that these individuals are creating confusing and
misleading statements in an effort to sabotage the 100% sale of
Patriot Energy Corporation to the Alcoses Group.
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.
Contacts: Momentum IR Max Gagne 514-913-0351 877-253-7001
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