http://www.hawkassociates.com/ptscpr088.aspx
Patriot Scientific Announces CEO Letter to Shareholders
Carlsbad, CA, September 21, 2006 – Patriot Scientific Corporation (OTC Bulletin Board: PTSCE) announced today that chairman and CEO David Pohl has released a letter to its shareholders on the company website, http://www.ptsc.com.
The letter highlights Pohl’s analysis of the company’s strong growth prospects and the broad market potential of the MMP Portfolio. It also notes that the company will reveal the revenue realized by Patriot from the licensees that have been signed since June 1, 2006, in the upcoming statements of financial results.
Financial results for the fiscal year ending May 31, 2006 will be reported on the Form 10-KSB, which is expected to be filed by October 13, 2006. Financial results for the first quarter of the new fiscal year, covering the period from June 1 through August 31, 2006, will be reported on Form 10-Q, which is due to be filed by October 15, 2006.
Finally, the letter provides a non-technical description surrounding the recent filing of form 8-K, regarding the delay in filing the annual report on Form 10-KSB.
About Patriot Scientific Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/ptscprofile.aspx.
About the Patent Portfolio The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company’s cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company’s Securities and Exchange Commission filings.
Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
CONTACTS: Patriot Media Relations The Hoffman Agency
David Friedman
(303) 868-9641
dfriedman@hoffman.com Patriot Investor Relations Hawk Associates
Frank Hawkins or Ken AuYeung
(305) 451-1888
info@hawkassociates.com |