VANCOUVER, Oct. 31 /PRNewswire-FirstCall/ -- Patch International Inc. ("PTCH") ("Company") (PTCH: OTCBB) is pleased to announce that Company President John Thornton will be a guest on the Steve Crowley Radio show.
Steve Crowley's syndicated radio talk show airs on The Money Channel, weekdays, from 9 a.m. to noon (EST) with an estimated 2 million listeners. Mr. Crowley will interview Mr. Thornton during the next 12 weeks every Tuesday and Thursday.
Those who are interested in tuning in to the radio broadcast can visit http://www.businesstalkradio.net/ or http://www.moneychannel.tv/ and follow the instruction to either listen online or via a traditional radio.
Commenting on these developments, John Thornton, PTCH's President and Chief Executive Officer said, "I am a long time admirer of Mr. Crowley's work and am delighted to be featured on his show. It is a timely appearance for PTCH as we are currently drilling a gas play in northeastern BC, waiting for flow results on our two recently successful oil wells in Alberta, and we have entered into negotiations to further bolster our already significant position in the Alberta oil sands. Our belief in the future value of the Alberta oil sands with their massive reserves in a politically stable country continues to grow."
About Steve Crowley
Steve Crowley is the Editor and Host of the daily "American Scene" Radio programs which have been airing nationally since June of 1990. Steve is a former CPA Manager with Price Waterhouse & Co. and a former Partner of the firm Crowley, Weinberg & Co., a regional CPA firm. In 1981 and after four years as the local Financial Reporter for WJAR-TV 10 in Providence, and Host of "Money Talks," a PBS television program, Steve made the full-time career transition to the world of television and radio broadcasting.
Steve then became the Financial Reporter for WPLG-TV10, the ABC affiliate in the Miami-Fort Lauderdale market. Simultaneously, Steve and his team were launching a daily news syndication entitled "Money/Pro News" covering the subjects of money, personal finance, the stock market and business. During the years 1982 through 1999 more than 5,000 news segments were produced and distributed to more than the 100 television affiliates of Money/Pro News. These award-winning programs represent the most successful television news insert syndication in history.
Steve was also the Money Editor of ABC's Good Morning America during the years 1986 through 1991, and was the Producer and Host of the Personal Finance Videos distributed by U.S. News & World Report. Steve is the author of the book: "Money For Life," which was published by Simon and Schuster, and produced the home video series "Get Rich America" under various titles for The Home Shopping Network.
ABOUT PATCH INTERNATIONAL
PTCH is a "junior" oil and gas company that currently earns oil revenue from a participation interest in 22 oil wells. These interests provide the company with some limited cash flow. PTCH is in various stages of its 2006 - 2007 oil and gas work program in Alberta, Canada. PTCH also has oil sands property interests in the heart of the Alberta oil sands, through a 75% majority ownership of Patch Oilsands Limited Partnership and on which it is planning a 2006 - 2007 oil sands work program. As at August 31, 2006 PTCH owned 6,091,937 Pharmaxis shares. It is the company's intention to complete the sale of these remaining Pharmaxis shares and use 50% of those net proceeds after tax towards PTCH's 2006 - 2007 oil and gas work program and for general working capital purposes; PTCH has also proposed a dividend of 50% of the net proceeds of all its Pharmaxis sale proceeds after taxes and costs, to shareholders of record as at July 30, 2004, subject to regulatory approval.
For further information please visit our corporate website at http://www.patchinternational.com/.
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The foregoing communication contains forward-looking statements. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Patch International Inc. may differ materially from these statements due to a number of factors. Patch International Inc. assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before you make investment decision.
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