CALGARY, Jan. 4 /CNW/ - Patch International Inc. (OTCBB: PTCH) ("Patch"
or "the Company") announces that Mr. Thomas K. Rouse, Chief Financial Officer,
has resigned effective December 31, 2007, for personal reasons. Mr. Rouse will
remain with the Company in a consulting capacity for a transition period in
order to fulfill financial reporting obligations.
The Board of Directors and management of Patch wish to thank Mr. Rouse
for his dedication and service to the Company.
Patch is an emerging oil sands company dedicated to the exploitation and
production of its resources in the Athabasca oil sands area in Alberta,
Canada. Patch's strategy has been to engage top quality staff and consultants
to exploit and produce its high quality oil sands assets.
No regulatory authority has approved nor disapproved the contents of this
Forward Looking Statements:
This news release contains certain statements that may be deemed
"forward-looking statements" about the development of oil sands in Alberta,
Canada. All statements in this release, other than statements of historical
fact, that address future production, reserve/resource potential, exploration
drilling, exploitation activities and events or developments that Patch
expects to occur, are forward looking statements. Forward looking statements
are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans" "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or "should" occur.
Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed to be
forward looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed. Although
Patch believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in the
forward-looking statements. Factors that could cause the actual results to
differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, and continued availability of
capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Forward-looking statements
are based on the beliefs, estimates and opinions of Patch's management on the
date the statements are made. Patch undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates
or opinions, or other factors, should change. For further information,
investors should review Patch's filings that are available at www.sec.gov and
For further information:
For further information: Jason Dagenais, Chief Operating Officer OR
Cathy Forsyth, Investor Relations Manager, Patch International Inc., (403)
441-4390, extension 2000, Email: email@example.com; Please visit Patch's
website at www.patchenergy.com