|By Marketwired .||
|September 5, 2007 01:00 PM EDT||
CALGARY, AB -- (MARKET WIRE) -- 09/05/07 -- Patriot Energy Corporation's board of directors (PINKSHEETS: PGYC) is pleased to announce the acquisition of Effective Control Energy LLC. Effective Control Energy LLC. is a division of ECN Holding LLC.
Effective Control Energy LLC. uses the same base technology created by ECN Holding LLC., but is designed specifically for use in the utilities industry. The technology is currently targeted for use by electric, gas and water utilities to remotely monitor, read and securely control meters in both the residential and the commercial industry.
The company website will be available shortly at www.econtrolenergy.com
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.
Downshire Capital Inc.
514-315-3669 ext 202
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