VANCOUVER, British Columbia, July 27, 2004 (PRIMEZONE) -- Patch International (OTCBB:PAII)(PQG Berlin Bremen Stock Exchange) is pleased to announce that it launched its new website at www.patchenergy.com. The website includes updates on the Company's corporate profile, its management team and highlights and photos of the Company's recent involvement with Greenlab Agronomics Inc.
Mr. David Stadnyk, President & CEO, stated, "We are very pleased to be launching our new website as we enter a new era during 2004, a year in which we believe there will be further significant changes in the operations and future growth of the Company. In addition to our interest in Greenlab Agronomics Inc., management is actively exploring for and reviewing other significant Ukrainian opportunities for potential acquisition. We will be updating our website on a regular basis to provide our shareholders and interested parties with the latest status of the Company's future activities."
ABOUT PATCH INTERNATIONAL
Besides the Greenlab acquisition, Patch is active in oil and gas projects in Texas, California, Saskatchewan, Canada, and is in the final stages of discussions with the Ukrainian government to develop several energy projects in that country. Its other investment is in Pharmaxis Ltd. (PXS: Australian Stock Exchange) where it is one of the major shareholders, along with CIBC, HSBC and the Rothschild Group.
For additional information visit our corporate website at www.patchenergy.com.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Praxis Pharmaceuticals Inc. may differ materially from these statements due to a number of factors. Praxis Pharmaceuticals 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 risk before make investment decisions.