Patriot Energy and Marmara Motorlu Issues Joint Press Release
22 May 2009 - 3:14AM
Marketwired
Patriot Energy Corporation (PINKSHEETS: PGYC) and the Alcoses
Group, the holding company of Marmara Motorlu released a joint
press release today.
Alcoses Group, the Holding company of Marmara Motorlu reaffirmed
its offer to acquire 100% of the outstanding stock of Patriot
Energy Corp. at a price of $0.57 per share but reserves the right
to continue acquiring shares in the secondary market.
Representatives of the company also stated that they would not be
present at the shareholders meeting in order to prevent any
perception of interfering with the vote and that a proxy was
already submitted to the company.
Patriot Energy has sent a notice of the shareholders meeting as
well as the proxy and information circular and the meeting is
schedule to be held on June 9, 2009 at 9:00am at the Montreal
Fairmont Queen Elizabeth Hotel.
www.alcosesgroup.com
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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