SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Patriot Scientific - PTSC -- Ignore unavailable to you. Want to Upgrade?


To: Dolfan who wrote (4961)6/10/1998 9:57:00 PM
From: Urlman  Respond to of 8581
 
WOW! Thanks (EOM)



To: Dolfan who wrote (4961)6/11/1998 4:47:00 PM
From: Urlman  Read Replies (1) | Respond to of 8581
 
OFF TOPIC? Odd... I hope the technology (LGPT) fares better than the stock does....This is the first time I have seen a company actively request it's stockholders to take physical possession of stock certificats....
I wonder how "easy" it is to sell your shares once you do that.
Has the management taken physical possession of *their* shares?....
..............Anyway another interesting press release today......

Log Point's Historic Breakthrough Creates Historic Reaction
Business Wire - June 11, 1998 13:46
%LOG-POINT-TECHNOLOGIES LGPT %CALIFORNIA %COMED %COMPUTERS %ELECTRONICS V%BW P%BW

----------------------------------------------------------------------
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 11,1998--Log Point Technologies, Inc. (OTC BB: LGPT) announced today, that Log Point's recently announced technological breakthrough has created the largest response in the company's history. Reaction has been across the spectrum, from magazine and newspaper reporters to industry leaders wanting to gain a handle on what this discovery will mean to the future of computing.
Log Point first learned of the breakthrough on Friday June 5th from the design work done jointly between Log Point and SEVA Technologies. Log Point recently entered into a contract with SEVA to work under the direction of Lester Pickett, Log Point's chief technologist, to explore the limits of Log Point's patented technology. The breakthrough found was that by using Log Point's patented technology they could shrink the size of the floating point part of a microchip to one tenth its size. The revelation came when tests showed that the process increased the chips speed by up to 1000%.

The breakthrough will be used with 8-bit, 16-bit and 32-bit processors. There are an estimated 300 million 32-bit and 1 billion plus 8 and 16 bit processors produced a year all of which can use this breakthrough technology. Calls from chip makers confirm that this advancement will become a necessary part of new chip development. As a result of the recent news, Log Point is in discussions with several large chip manufacturers exploring immediate use of this breakthrough.

According to Dr. Samuel Shanks, Log Point's president, "We believe Log Point will aquire a tremendous share of this market. If we initially penetrate only 1% of the market, revenues could exceed $104 million a year in the near term. One of our main focuses now is to produce our own line of chips using this breakthrough technology."

Log Point Technologies, Inc. technological developments constitute one of the more important genuine breakthroughs in basic computational technology in more than 50 years. The company was formed to create a major revolution in commercial numerical computation by applying its breakthrough patented technology at fundamental levels across huge markets of the software and digital electronics industries. This technology is the fuel that the electronics equipment industry runs on. The Company's technology has applications in virtually all aspects of digital electronics chips and equipment, including computers. The company has exclusive rights on comprehensive patents on their technology.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.

CONTACT: Public Relations Contact:
Venture Capital & Marketing Consultants Inc.
888/302-9994
or email nsi@worldramp.net
or
Investor Relations Contact:
Pat Vitucci, 609/748-0563