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david stadnyk's comeback press release

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I’m Coming Back”

David Stadnyk is back stronger and better-than-ever with Patch International and the opportunity to raise funds for Canadian Olympians

Distribution Source : ArriveNet

Date : Thursday, October 06, 2005

Vancouver, British Columbia -- (ArriveNet - Oct 06, 2005) -- Three years ago, David Stadnyk went from the front pages of the Vancouver Sun as that daily newspaper’s acclaimed “Sports Mogul” to personal and financial downfall. Those days are over. Today, Stadnyk, now Director, President, and Chief Executive Officer of Patch International Inc., (PTII) runs one of Canada’s fastest growing junior gas and oil exploration companies with major interest in the Biomedical research company Pharmaxis, the #1 performing stock in the pharmaceuticals area on the Australian Stock Exchange.

Over the past twenty years David Stadnyk has accumulated a diverse background in corporate management and finance. The former tennis pro (he played Pete Sampras when Pete was only 14 years old) graduated from the University of British Columbia and went on to become a licensed stockbroker with Midland Walwyn Capital Inc., Yorkton Securities Inc., and Georgia Pacific Securities Corp. from 1988 to 1991. Stadnyk served as the chairman, president, secretary and a director of Goanna Resources, Inc., a publicly listed mining company from its inception in June 1997 to March 1999.

In 2000, David Stadnyk invested his impressive profits from the stock market in a series of community projects close to home and in sports. Stadnyk created and served as the chairman of Grand Slam Radio which launched Team 1040, Vancouver's first 24-hour sports radio station. He also created and was the chairman of Starlight Sports & Entertainment, a sports entertainment company that owned the professional soccer teams Vancouver Whitecaps and Vancouver Breakers and created the lacrosse team the Vancouver Ravens from October 1999 to May 2002.

That was then: “Then” being before 9/11. “I went from being in the spot light and making lots of money to having the stock market crash and having my wife leave me taking my kids with her. The market crashed and I crashed,” remembers Stadnyk, who won Business in Vancouver’s Under 40 Outstanding Achiever Award in 2001. “I wondered if I’d see the same people I saw on the way up back on the way down, and I did. Luckily, I was able to go to them during those frustrating times and get back on my feet again. I had unfinished business that I personally had to get to, that being in the form of charity work for children and for sports, and it fueled me.”

David Stadnyk had been the president of A.C. Global Capital Group Corp. from July 1999 to September 2001 where he partnered with successful oil and gas entrepreneur Mike VanDale. VanDale was the owner of the Calgary professional soccer team whom Stadnyk had become acquainted with during his many meetings while he was heavily into the sports business arena. Together, VanDale and Stadnyk created Arsenal Energy Inc. which started with very little oil production and now produces more than two thousand barrels of oil per day. Stadnyk’s positive experience with VanDale and Arsenal Energy would become invaluable in his future business ventures.

Come backs are always a thing to marvel and Stadnyk’s is nothing short of miraculous. Taking $200,000, a wing-and-a-prayer, Stadnyk went to Australia and began convincing a Bio-medical team that he could fund their research if they allowed him to license their technology and list a company on the U.S. Bulletin Board, a move Bio Tech companies never make. But Stadnyk was convincing and came home with the deal. Next Stadnyk needed to fund his new company, Praxis, so he went to the top. He got back on a plane and knocked on the door of Rothschild International. Normally Rothschild would have never have put their century old money in some Wild West show junior market but again, Stadnyk was convincing. He came home with his deal fully funded. With a $200,000 initial investment, Stadnyk has built a small fortune of approximately 30 million dollars today with an expected increase up to 50 – 100 million dollars in the next 12 months and has positioned his Bio-Med Researchers with a company that not only became the all time leading Bio-Med stock trading on the ASX (psx on the ASX), but Pharmaxis (initially a Praxis subsidiary) has just announced that it is now listed on the NASDAQ Main Board (psxl on the NASDQ). More importantly, these Bio-Med Researchers have been able to advance some of their research medicines to Stage Three clinical trials and may one day soon have the answers for a cure on such debilitating illnesses as Diabetes and Cystic Fibrosis.

Sensing the emergence of the Energy Market, David Stadnyk was able to take his position in Pharmaxis and leverage it into a new company (Patch International Inc. trades in North America on the OTC:BB-Symbol: PTII and in Europe on the Berlin Bremen Stock Exchange - Symbol: PQG.) centered on oil and gas exploration. His first step was to immediately buy positions in 19 oil properties out of Alberta. By slowly acquiring positions in oil and gas properties located in strategic areas around the World, Stadnyk has begun to position Patch International to become one of the premier junior gas and oil exploration companies and has done it just at the time when oil prices have hit record-breaking barrel prices with countries like China and India fighting to pay as much as 8 times the value for Alberta oil companies.

“The capacity to come back is right there in each and every one of us,” explains Stadnyk. “Along with many others, I have experienced the feeling of failure but it’s not defeat unless you stop trying. Like any of us, I can definitely feel challenged at times but when you get knocked down, the only thing to do is pick yourself up and come back stronger. I couldn’t be happier right now. I have a new partner in life and all of my children are back home with me.”

Stadnyk is also picking up where he left off by contributing to the local community in general and the sports scene in particular. He is hosting a Gala event (The Gala of Golden Dreams) December 1st of this year where he will be raising funds for Canadian Olympic athletes at this black tie affair held at one of Vancouver’s premier venues, The Sutton Place Hotel. Stadnyk plans to host this event annually for the next five years, raising $210,000 in the lead up to the 2010 Winter Games in Vancouver.

“It feel so good to be back in the position where I can make this kind of community investment and support causes that are important to me, let alone see my business interests shining,” says Stadnyk.

He adds, “If I had to sum it up in a sentence it would be ‘I’m coming back!’”

We’d say that might be an understatement.

— end—

Media contact for Mr. David Stadnyk: Holly Carinci, HollyWords Publicity Inc.

dir: 604.921.4744 holly@hollywordspublicity.biz

More information on Mr. David Stadnyk and Patch International Inc. can be found at www.patchenergy.com

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Company: HollyWords Publicity Inc.

Total Articles: 2


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quote:Originally posted by snake

man, you really are a pompous ass

Your reply to Richard reveals a lot about your character. Richard asks a question and for that you insult him. How would you treat him if he actually dared to criticize you?

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what i want to know and maybe richard can shed some light on this is,does david stadnyk still own the rights to the name "vancouver whitecaps"they have been known as whitecaps fc ever since they were run by the a-league

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