Patriot Energy Corporation Announces Funding of $500,000 and Secures Joint Venture for Production of Units

MONTREAL, QUEBEC, Aug 27 (MARKET WIRE) --
Patriot Energy Corporation (PINK SHEETS: PGYC) is pleased to announce
that it has sourced funding of $500,000 through accredited investors in
order to begin production of company products. Telteck Solutions offered
a 10% per annum debenture to raise the funds. This unique funding
instrument allows TelTeck Solutions not to dilute the existing capital
structure of the company. This financing method allows the company to
preserve the integrity of the shareholders' interest in TelTeck
Solutions. The company will always use non-dilutive financing to fund
ongoing operations. TelTeck Solutions will never use 504 offerings or any
dilutive instruments to raise capital.

Furthermore, the company has secured a JV manufacturing agreement with
Dec Manufacturing to produce product for TelTeck Solutions. Dec
Manufacturing has a state of the art production facility in the Montreal
area which can handle high volume production. The response from US and
Canadian distributors has exceeded our initial estimates during the past
three months of TelTeck Solutions' sales campaign. These distributors
have been approached by Fortune 500 companies to provide pricing on
TelTeck Solutions' line of products. The company had originally expected
to go into production in late December but it has been forced to move the
schedule ahead to meet the strong demand.

http://teltecksolutions.com/home.htm

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:
Patriot Energy Corporation
Paul Mastantuono
Communication Coordinator
514-253-7000
877-253-7001

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