Patriot Energy Plagued by Dissident Shareholder

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Mon May 18, 2009 11:13am EDT

  MONTREAL, QUEBEC, May 18 (MARKET WIRE) -- 
Patriot Energy Corporation (PINKSHEETS: PGYC) announced today that the
company stock has been maliciously attached by a dissident shareholder.

    According to trading report and recent issuances, it appears that Nino De
Santis, the inventor of the company's technology has sold up to 20
million shares into the market creating the adverse affect on the share
price and creating a panic sell amongst other shareholders.

    "It is well known now that Mr. De Santis is not in favor with the
transaction and/or our company, but these attacks need to stop
immediately" said Tony Bisante, President and CEO of Patriot Energy Corp.
"We have tried to settle with him many times over including issuing him
22 million restricted shares but it is clear that we will need to proceed
against in the court of law." Further add Mr. Bisante.

    These recent attacks comes shortly after the release of the recent all
cash offer of $0.57 per share from Dubai based Marmara.

    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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