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OTCPicks.com Stocks to Watch for Tuesday, March 31st PGYC, DDRX, GENT, PRSC.

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M2 PRESSWIRE-31 March 2009-OTCPicks.com: OTCPicks.com Stocks to Watch for Tuesday, March 31st PGYC, DDRX, GENT, PRSC(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:31032009

Our Stocks to Watch tomorrow include Patriot Energy Corp. (OTC: PGYC), Diedrich Coffee Inc. (Nasdaq: DDRX), Gentium S.p.A. (Nasdaq: GENT) and The Providence Service Corp. (Nasdaq: PRSC).

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PATRIOT ENERGY CORPORATION (OTC: PGYC) "Up 150.00% on Monday"

Detailed Quote: http://www.otcpicks.com/quotes/PGYC.php

Patriot Energy Corp. is a management holding corporation, which owns a wholly owned subsidiary named Telteck Solutions and owns a 99 year exclusive leased license agreement with Tectane Technologies Corporation for the Dual H2O Engine Oxygenator and New Tri-Brid Engine (Electric/Flex-Fuels/H2O) Technologies. Patriot Energy specializes in the development and marketing of energy efficient technologies with a focus on reducing America's dependence on Foreign Oil.

PGYC News:

March 30 - Patriot Energy Confirms Receipt of an All Cash Purchase Offer

Patriot Energy Corporation (OTC: PGYC) confirmed that the board of directors has received a formal purchase offer from a Fortune 500 Corporation.

According to the company, the initial offer, which was structured as an all cash transaction, was short of the discounted cash valuation of the carbon credit trading revenue, which is estimated at $113,715,000 or approximately $0.57 per share. The company is continuing its negotiation and believes that an all cash purchase offer could be concluded shortly and is expected to be somewhere between the initial offer of $65,000,000 or 0.33 per share and the net discounted cash value of $113,715,000 or $0.57 per share. However, it should be noted that upon receipt of a new offer, several milestones will need to be met including a legal and technical due-diligence, and a shareholders meeting to seek acceptance of the offer. Management is very confident that the due-diligence both the legal and technical will be concluded without any issues. The Fortune 500 Company has requested that its name be kept confidential until such time as the offer is accepted by the board of directors and presented to shareholders for approval.

"We had been in discussions for sometime, but this sudden formal all cash offer did catch us a little by surprise" said Tony Bisante, President of Patriot Energy Corp. "We have a strong product, a sound business model and the green shift has forced the hands of many multi-nationals to action. Carbon credits and the reduction of America's dependence on foreign oil are strong advantages in the present and the future economy" further added Mr. Bisante.

DIEDRICH COFFEE INCORPORATED (NASDAQ: DDRX) "Up 221.43% on Monday"

Detailed Quote: http://www.otcpicks.com/quotes/DDRX.php

With headquarters in Irvine, California, Diedrich Coffee specializes in sourcing, roasting and selling the world's highest quality coffees. The Company roasts and packages coffees under three brands - Diedrich Coffee, Coffee People and Gloria Jean's Coffees. Diedrich Coffee sells its coffees through wholesale accounts including office coffee service distributors, restaurants and specialty retailers, and via the Company's web stores.

DDRX News:

March 27 - Diedrich Coffee Agrees to Sell U.S. Gloria Jean's Coffees Franchisee Operations

As part of its strategy to capitalize on the growth of the wholesale specialty coffee market and its strength as a premier roaster and distributor of the world's finest coffees, Diedrich Coffee, Inc. (Nasdaq: DDRX) announced that it has signed a definitive agreement with Praise International North America, Inc., an affiliate of Gloria Jean's Coffees International, for the sale of its Gloria Jean's Coffees domestic franchise operations. Gloria Jean's Coffees International holds the rights to the Gloria Jean's Coffees brand for all international countries excluding the U.S. and Puerto Rico.

The sale of the Gloria Jean's Coffees domestic franchise operations to Praise International North America includes a total of 102 franchise and...

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