Patriot Scientific Corporation Releases Fiscal Year Report

CARLSBAD, Calif., Aug. 14 /PRNewswire-FirstCall/ -- Patriot Scientific (OTC Bulletin Board: PTSC) today reported the filing of its report on Form 10-K for its fiscal 2009 year ended May 31, 2009.

The Company's results included $5.4 million in revenues, compared to $3.7 million for the prior year. Earnings from its investment in affiliated companies were $9.7 million compared to $19.9 million in the prior year.

Net income for the year totaled $0.9 million and at May 31, 2009 the Company had $16.9 million in cash and securities.

The Company will be conducting a Webcast on August 17, 2009 at 4:30 PM ET to discuss matters pertinent to its business for its shareholders and interested parties.

Rick Goerner, Patriot's President and CEO, stated, "The objective of this quarter's Webcast is to discuss the Company's strategic and operational activities in its wholly owned subsidiary Patriot Data Solutions Group and the other companies in which it is invested, Holocom, Avot and Talis," said Mr. Goerner. "Relative to the MMP(TM) Portfolio, Patriot, in support of its partner The TPL Group, in compliance with our contractual obligations and in deference to ongoing USPTO proceedings, cannot entertain questions regarding the portfolio during next Monday's Webcast."

For the Company's Webcast on April 17, 2009 at 4:30 PM ET participants may go to http://www.videonewswire.com/event.asp?id=61414 and listen live over the Internet.

Participants are encouraged to access the website approximately fifteen minutes prior to the start of the call to register, download and install any necessary audio software. If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.ptsc.com/ for thirty days.

To participate in the conference call by telephone, please call 800-860-2442 (toll free in the U.S.) or 412-858-4600 (toll call outside the U.S.) and request the "Patriot Scientific" conference call.

About Patriot Scientific Corporation

Headquartered in Carlsbad, California, Patriot Scientific Corporation provides data sharing and secure data solutions for a connected world. Patriot Scientific addresses the expanding market opportunities in the healthcare, justice and public safety industries through its wholly owned subsidiary Patriot Data Solutions Group, Inc. These growth activities are funded with revenues generated, in a large part, from the continuing successful Moore Microprocessor Patent(TM) Portfolio licensing partnership with The TPL Group. Patriot Scientific's integrated core intelligence solution addresses the critical data/information sharing needs of the healthcare industry, the Department of Homeland Security, the Department of Justice, and federal, state, and local public safety and law enforcement agencies. For more information on Patriot Scientific Corporation, visit: www.ptsc.com.

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, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.

    CONTACT:
    Angela Hartley
    760-547-2700 ext. 102

SOURCE Patriot Scientific Corporation