Patriot Scientific Corp – ‘8-K’ for 8/3/05 – EX-99.1

On:  Tuesday, 8/9/05, at 12:24pm ET   ·   For:  8/3/05   ·   Accession #:  1144204-5-24165   ·   File #:  0-22182

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2     13K 
 2: EX-99.1     Miscellaneous Exhibit                                  2     11K 
 3: EX-99.2     Miscellaneous Exhibit                                  4     22K 
 4: EX-99.3     Miscellaneous Exhibit                                  3     15K 

EX-99.1   —   Miscellaneous Exhibit

EX-99.1
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PRESS RELEASE                                                                   

Patriot Scientific Appoints New Chief Financial Officer                         
Wednesday August 3, 8:00 am ET                                                  

SAN DIEGO--(BUSINESS WIRE)--Aug. 3, 2005--Patriot Scientific Corporation        
(OTCBB:PTSC - News) a high-tech intellectual properties company working in the  
advanced microprocessor field, has announced today that it has named Thomas J.  
Sweeney, CPA, as Chief Financial Officer. Sweeney has over 25 years of          
experience in his profession and will be responsible for managing Patriot       
Scientific's financial organization and resources while contributing to the     
development of the company's operations.                                        

"We are delighted to gain the addition of Tom Sweeney to our senior management  
team," said David H. Pohl, chairman and CEO of Patriot Scientific, Inc. "Tom is 
a talented CFO with substantial experience in growth oriented companies which is
exactly what we need at this important juncture in Patriot's evolution," Pohl   
added.                                                                          

Since 2000 Sweeney has been a Partner in the San Diego office of Tatum CFO      
Partners, a national financial services firm that is the largest professional   
services provider of strategic, financial, and information technology leadership
in the country. He has served as CFO of New Visual Corporation, a publicly held 
development stage company in the telecommunications industry with more than     
8,000 shareholders. Sweeney was directly responsible for all SEC filings over   
the three and one-half years that he held that position. While with Tatum he    
also served as CFO of Mitchell International, Inc., a 700 person firm that is a 
leading provider of information software, print publications and total business 
solutions.                                                                      

Sweeney has worked in Johannesburg and Cape Town, South Africa on a project     
basis for a publicly held U.S. company as it completed acquisitions of satellite
technology subsidiaries. In addition Sweeney has served as CFO for several early
stage San Diego companies as they proceeded through formation and initial fund  
raising activities.                                                             

Prior to Tatum, Sweeney's experience included organization of a startup venture 
as well as service for 6 years in senior financial roles for Irvine-based       
Ventana Companies, an international venture capital company with $230 million   
directly under management and more than $3 billion placed in 78 portfolio       
companies. His overall financial responsibility included management of funds,   
involvement in fund raising, and roles in financial and operational matters     
including SEC reporting, responsibility for audit and tax matters, and          
responsibility for personnel and other administrative matters.                  

Earlier in his career Mr. Sweeney worked as an auditor for Ernst & Young LLP,   
where he earned his CPA certificate, and he also worked for the international   
consulting firm of McKinsey & Company.                                          

Sweeney earned his BBA and MBA degree from The University of Texas at Austin and
is a member of the American Institute of CPA's.                                 

About Patriot Scientific                                                        

Patriot Scientific has emerged as an effective and dynamic intellectual property
company, developing and marketing innovative and proprietary semiconductor      
technologies into the fast-growing handheld wireless and smart card markets. The
company's portfolio of proprietary designs encompasses what is believed to be   
fundamental ultra-low-power array microprocessor technology, as well as pending 
patents designed to protect Patriot's proprietary technology and architecture.  

Detailed information about Patriot Scientific can be found on the website       
www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes,
stock charts and other valuable information for investors may be found on the   
websites www.hawkassociates.com and www.hawkmicrocaps.com.                      

EX-99.1
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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.                                                                        

Contact:                                                                        
for Patriot Scientific Corporation                                    
Media Relations:                                                      
Attention Group                                                       
Daryl Toor, 770-777-9489                                              
dtoor@attentiongroup.com                                              
------------------------                                              
or                                                                    
Investor Relations:                                                   
Hawk and Associates                                                   
Frank Hawkins/Julie Marshall, 305-852-2383                            
info@hawkassociates.com                                               

Source: Patriot Scientific Corporation                                          

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		8/9/05							None on these Dates
For Period End:		8/3/05		1
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