CARLSBAD, Calif., Aug. 22, 2011 /PRNewswire/ -- Patriot Scientific Corporation (OTCBB: PTSC) today announced that a suffix denoting that the Financial Industry Regulatory Authority (FINRA) did not have information demonstrating that we were compliant with our filing requirements with the U.S. Securities and Exchange Commission has been removed as a result of our discussions with FINRA regarding becoming a non-accelerated filer.
The Company expects to file its Annual Report on Form 10-K in compliance with the deadline for non-accelerated filers on August 29, 2011.
About Patriot Scientific Corporation
Headquartered in Carlsbad, California, Patriot Scientific Corporation ("PTSC") is the co-owner of the Moore Microprocessor Patent™ Portfolio licensing partnership. For more information on Patriot Scientific Corporation, visit: www.ptsc.com.
Safe Harbor Statement: Statements herein which are not purely historical, including statements regarding Patriot Scientific Corporation's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties. It is important to note that the company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties 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, and seasonality. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company's SEC reports including, but not limited to, the annual report on Form 10-K for the year ended May 31, 2010. The company cautions investors not to place undue reliance on the forward-looking statements contained herein. Patriot Scientific Corporation disclaims any obligation, and does not undertake to update or revise any forward-looking statements made herein.
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SOURCE Patriot Scientific Corporation