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OTC Stock Review Stocks in Motion for Thursday, April 30, 2009 are Patriot Energy Corporation, Commercial Vehicle Group, Inc., Noble International, Ltd. , and Amerigon Inc.

Publication: M2 Presswire
Publication Date: 30-APR-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 April 2009-OTC Stock Review: OTC Stock Review Stocks in Motion for Thursday, April 30, 2009 are Patriot Energy Corporation, Commercial Vehicle Group, Inc., Noble International, Ltd. , and Amerigon Inc.(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:30042009

Patriot Energy Corporation (Other OTC:PGYC) announced Wednesday that it has concluded a distribution agreement with Toshent Overseas valued at $255 million USD, further to the previously announced letter of intent and memorandum of understanding.

According to the Distribution agreement and initial purchase order, Toshent Overseas will purchase and distribute the H2O device in the Russian marketplace and Eurasia on a non-exclusive but preferential basis. Toshent will purchase 12,500 units per month minimum (150,000 per year) for a period of 5 years, representing unit sales of $187.5 million and 67.5 million in recurring revenues.

The consolidated distribution agreement and purchase orders on hand represent over $340 million in revenue for the company...

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