Patriot Scientific Engages Strategic Equity Group to Provide Investment Banking Services to Data Sharing Subsidiary

CARLSBAD, Calif., Oct. 11, 2011 /PRNewswire/ -- Patriot Scientific Corporation (OTCBB: PTSC) today announced it has engaged Strategic Equity Group (SEG) to provide investment banking services for its wholly owned data sharing subsidiary, Patriot Data Solutions Group (PDSG). "We believe it is an appropriate time to seek a transactional opportunity where the value of PDSG may be realized," said Cliff Flowers, Patriot's interim CEO. "We look forward to working with the SEG team to accomplish this objective," added Mr. Flowers.

About Patriot Scientific Corporation

Headquartered in Carlsbad, California, Patriot Scientific Corporation (PTSC) is the co-owner of the Moore Microprocessor Patent™ Portfolio licensing partnership, and is the parent of the wholly owned subsidiary, PDSG. For more information on PTSC, visit www.ptsc.com.

About Patriot Data Solutions Group

Patriot Data Solutions Group, Inc. provides products and solutions that enable mission-critical applications to significantly accelerate the time to value and reduce total cost of ownership for their data-sharing initiatives. The company's flagship product, the Crossflo DataExchange® solution, helps link systems together and facilitates secure data sharing for any information exchange initiative in the public safety and criminal justice markets. The solution has been designed to work directly with a number of national data sharing standards, including NIEM (National Information Exchange Model) and the Global Justice XML Data Model (GJXDM). PDSG has been working with some of the nation's earliest and most innovative data exchange projects including one of the most advanced statewide data-sharing initiatives to be deployed in the United States. For more information on Patriot Data Solutions Group, visit www.pdsg.com.

About Strategic Equity Group

Strategic Equity Group was founded in 1989 to provide investment banking services to middle market companies. Since that time, SEG has grown to become a full-service investment banking and valuation advisory firm with expertise in a number of areas. In addition to sell-side mergers & acquisitions representation, business valuations, and financial compliance advisory, our capabilities expand well beyond these areas to encompass a breadth of experience not generally found in a boutique firm. Our mission is simple – To provide value added investment banking services to the middle market. For more information on Strategic Equity Group, visit www.segco.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 including, but not limited to, the risk that we may be unable to identify a buyer for PDSG, or in the event a buyer is identified, consummate a sale of PDSG on terms that are acceptable to us. 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, 2011. 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.

Contact:
Patriot Investor Relations
ir@ptsc.com
760-547-2700

SOURCE Patriot Scientific Corp