03 June 2004 11:21
Praxis sponsors and presents at global energy conference
VANCOUVER and CALGARY, June 3 /PRNewswire-FirstCall/ -- Praxis Pharmaceuticals Inc. (PRXX: OTCBB, PQG: Berlin Bremen
Stock Exchange) through its wholly-owned subsidiary Patch Energy Inc. is pleased to announce that the Company will be
presenting at a global energy conference in Calgary on June 7, 2004.
The conference is being hosted by the Canada Eurasia Association in Calgary and will include leading delegates from
the private and public sectors in Ukraine, Russia, and Kazakhstan. Key participants and presenters will include Dr.
Mykhaylo Kovalko the Head of the Supervisory Board- NAK Naftogaz of Ukraine, and Mr. Yevheny Bakulin the General
Director- Subsidiary of NAK Naftogaz of Ukraine.
Commenting on the event, Company President David Stadnyk who will be providing a corporate presentation on Patch
Energy Inc. said, "This conference is very timely for our company. In addition to searching out additional
opportunities, joint venture partners and agreements, we are very pleased that representatives from Naftogaz will be in
attendance. Patch anticipates putting the finishing touches on our breakthrough Ukraine deal."
The conference is being held at the Sheraton Suites Eau Claire in Calgary and complete event information is available
at http://www.ceeia.org/.
ABOUT PATCH ENERGY
Patch Energy was a private corporation acquired by publicly traded Praxis Pharmaceuticals (PRXX: OTCBB) early this
year. Patch continues to trade under the Praxis symbol and has applied for a new trading symbol. It is also listed on
the Berlin Bremen Stock Exchange and trades under the symbol PQG. Quotes can be accessed by going to
http://www.berlinerboerse.de/ and typing in the symbol.
The company is in the midst of a successful drill operation in Texas and the company is also involved in
Saskatchewan, and the East Corning area in Northern California. In addition, the company is involved globally in Ukraine
where it is in the final stages of talks to develop several oil and gas wells in conjunction with the Ukrainian
government. Its other investment interest is in Pharmaxis Ltd. (PXS: Australian Stock Exchange) where it is one of the
largest shareholders, along with CIBC, HSBC, and the Rothschild Group. Patch's investment has a current share value
of just over $6-million.
For further information visit our corporate website at http://www.patchenergy.com/. Contact: Investor Relations Tel:
604-688-2790 Fax: 604-688-5390 E-mail: info@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. Praxis Pharmaceuticals Inc.
CONTACT: Investor Relations, Tel: (604) 688-2790, Fax: (604) 688-5390, E-mail: info@patchenergy.com
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