CALGARY, Jan. 4 /PRNewswire-FirstCall/ -- 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.
About Patch -----------
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 press release. 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 http://www.sec.gov/ and http://www.sedar.com/.
