StreetInsider.com Announces New Company Spotlight of Patch International

BIRMINGHAM, Mich., Oct. 5, 2006 (PRIMEZONE) -- StreetInsider.com announced today that Patch International (OTCBB:PTCH) is its new featured company spotlight stock. The comprehensive profile of Patch International is available at http://www.streetinsider.com/company_spotlight.php?id=47

Patch International is a "junior" oil and gas company that currently earns oil revenue from a participation interest in 20 oil wells. These interests provide the company with 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 May 31, 2006 PTCH owned 6,791,937.3 million shares in Pharmaxis Ltd, a publicly-traded Australian company. 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.

StreetInsider.com is next-generation financial news analysis service and profiles emerging small-cap and micro-cap companies. To feature your company, please call StreetInsider.com at 800-323-0153 in the U.S., and 248-593-6536 internationally.

Disclosure: StreetInsider.com, Inc. was compensated $4500 by a third party (Allpennystocks.com) to profile Patch International.

StreetInsider.com, Inc. provides information only, this is not meant to be a recommendation to buy or sell the profiled security, nor is this an offer to buy or sell the security. The publishers of StreetInsider.com are not investment advisors and are not acting in any way to influence the purchase or sale of the security. Before purchasing or selling any security profiled, it is encouraged and recommended that you consult a stockbroker or other registered financial advisor.

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