To: Knighty Tin who wrote (103538 ) 3/9/2006 10:04:52 AM From: Pogeu Mahone Read Replies (1) | Respond to of 132070 Press Release Source: Patriot Scientific Corporation Patriot Scientific Corporation Announces Second Cash Stock Dividend in Less Than a Month Thursday March 9, 9:19 am ET Annual Meeting and New Offices Also Announced SAN DIEGO--(BUSINESS WIRE)--March 9, 2006--Patriot Scientific Corporation (OTC Bulletin Board: PTSC.OB - News) today announced that it will issue yet another cash dividend for shareholders and qualified warrant holders of record as of March 31, 2006. This dramatic announcement follows closely on the heels of last month's announcement of the Company's first dividend payable on March 22, 2006. Patriot's earlier dividend was $0.02 per share - the new dividend is planned to be $0.04 per share. ADVERTISEMENT The Company has been advised that it will likely receive the distribution of its share of the proceeds from recently announced patent portfolio license transactions by the end of March. Those transactions, announced within the past month, involved the Company's jointly owned Moore Microprocessor Patent(TM) (MMP) Portfolio having been successfully licensed - through its marketing alliance with The TPL Group's Alliacense division - to Casio Computer Co. Ltd. and Fujitsu Limited. The Company expects to pay the dividend in late April, with the exact date to be determined and announced. Final information as to the number of shareholders and outstanding shares will be provided by the Company's transfer agent as of the record date, but based upon current information and estimates the Company will set aside funds of approximately $15 million for payment of the dividend when distribution of its share of licensing proceeds is received. "I am delighted to speak on behalf of the Board of Directors in announcing this planned dividend, which will be double the amount of the previously declared dividend," said Patriot Scientific's Chairman and CEO, David H. Pohl. "The timing and amount of the payment to dividend recipients is subject, of course, to the Company actually receiving our expected share of the proceeds from the licensing transactions," Pohl continued. "This second dividend announcement in less than a month - something extremely rare in the world of microcap stocks - is yet a further important step toward evidencing the faith and belief of the Board of Directors and management of Patriot Scientific in the Company's current financial strength and future potential," said Pohl. "We are pleased to be able to continue rewarding loyal shareholders with this additional, and even more significant dividend." The Company strongly believes that more licensing transactions and related revenues are likely, although none are assured. As in the instance of announcing this increased dividend, Patriot Scientific's Board of Directors will continue to consider and decide whether to take such dividend payment actions in the future, based on future revenues and the financial condition of the Company, as well as market conditions and other factors. Annual Meeting The Company has scheduled the corporation's Annual Meeting for April 28, 2006 to be held in Carlsbad California. The site and time of the annual meeting will be announced at a later date. Patriot Scientific will mail a proxy statement to shareholders near the end of March indicating proposals upon which shareholders will be asked to vote. New Offices Patriot Scientific also announced it has relocated its offices to Carlsbad, California at 6183 Paseo Del Norte, Suite 180, Carlsbad, CA 92011. About Patriot Scientific Patriot Scientific (OTC Bulletin Board: PTSC.OB - News) has emerged as an effective and dynamic intellectual property licensing Company, developing and marketing innovative and proprietary semiconductor technologies. The Company's jointly owned portfolio of proprietary designs encompasses fundamental microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology. 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 at www.hawkassociates.com and www.americanmicrocaps.com. An investment profile on Patriot Scientific may be found at hawkassociates.com . About the MMP(TM) Patent Portfolio