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Patriot Energy Corporation Appoints New President and CEO

Posted on: Thursday, 23 October 2008, 09:00 CDT

Patriot Energy Corporation (PINK SHEETS: PGYC) is pleased to announce the appointment of Tony Bisante as its new President and Chief Executive Officer.

Mr. Tony Bisante is a technology industry veteran with seventeen years of proven success while working for global companies such as VisionIP, Research in Motion, and IBM. His experience includes, telecommunications, sales, management, territory development, strategic planning, and account management.

Mr. Bisante is joining us from VisionIP Inc., where he held the position of Vice-President of Strategic Business Development. Mr. Bisante identified new customers and created new partnerships within the industry. He was responsible for several joint ventures with companies such as 3Men@Work, Voysis, Allstream, and Multinet. In addition, Mr. Bisante participated in signing agreements with companies such as Cisco, IBM, Riverbed, Hewlett-Packard, Radware, and Lenovo.

While working for Research in Motion as Eastern Canadian/US Channel, Territory Manager, Mr. Bisante negotiated partnerships for the Eastern region. Furthermore, Mr. Bisante was one of the original sector representatives for Research in Motion in the Province of Quebec and was responsible for creating the demand and market awareness for the Blackberry product in the region of Eastern Canada.

Previous to Research in Motion, Mr. Bisante was a top corporate representative for IBM Canada responsible for the sale of fully integrated solutions in telecommunications, including LANs, WANs, and wireless products. During Mr. Bisante's tenure at IBM Canada, he successfully identified and captured such prominent accounts as Wyeth Ayerst, Quebecor, Videotron, and Concordia University among others, translating to revenues of more than 30 million dollars for IBM Canada.

Mr.Bisante will spearhead the company's focus on bringing products to the marketplace. The targeted markets are well in excess of a billion dollars and the new management will fast track the commercial acceptance of Telteck Solution products and any newly developed and or acquired solutions.

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  

SOURCE: Patriot Energy Corporation

Source: MARKET WIRE

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