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Microcap & Penny Stocks : Patriot Scientific - PTSC -- Ignore unavailable to you. Want to Upgrade?

To: bob who wrote (6282)	3/11/1999 9:59:00 AM
From: bob	Read Replies (2) \| Respond to of 8581

News today. Company Press Release Patriot Scientific Appoints Richard G. Blum to Its Board of Directors SAN DIEGO--(BUSINESS WIRE)--March 11, 1999--Patriot Scientific Corp. (OTCBB:PTSC - news), today announced that Richard G. Blum, a senior international chief operating executive with major companies for more than 30 years, has joined the company's board of directors. The appointment expands Patriot's board to five members and brings the number of outside directors to three. ''We are very pleased to welcome Dick Blum to our board, and look forward to his continuing contributions,'' said Patriot's President and Chief Executive Officer, Jim Lunney. ''Dick brings more than 30 years of top level experience and perspective that will be invaluable to Patriot as we move forward on many fronts, especially developing our vast overseas marketing potential.'' In his first major overseas assignment, from 1956 to 1976, Blum served as general manager -- European operations for ADT Europe. During that time he built and expanded activities for the unit from three to 15 countries, and increased revenues from $2 million to $25 million. He then served with ITT Europe for 10 years, beginning in 1976, as division director and product line director. In those capacities, Blum had P&L responsibility for a series of industrial products companies with annual sales of more than $700 million. From 1986 to 1991, Blum served as chairman and president of Kysor Europe, a wholly owned subsidiary of Kysor Industrial Corp. He was responsible for consolidating and restructuring the division into a profitable entity for this major producer of equipment for heavy-duty vehicles. For the past eight years, Blum, now a resident of Del Mar, Calif., has served as an independent consultant, primarily to emerging growth companies. ''I'm especially pleased to become part of what I believe will be an outstanding future for Patriot Scientific,'' Blum said. ''The company's leadership position, in both microprocessor and communications technologies, should give it a leg up in international competition. I am proud to have been asked to help accelerate that process.'' Founded in 1987, Patriot Scientific Corp. designs, markets and manufactures: the PSC1000, based on the patented ShBoom technology, a 32-bit microprocessor targeted at Java and Internet appliances as well as the traditional embedded systems markets; high-performance ISDN Basic Rate and Primary Rate products for digital communications; and ground penetrating radar and ionized gas antenna technologies. For more information on Patriot Scientific Corp., visit ptsc.com. 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: Patriot Scientific Corporation Linda Romero, 619/674-5016 lromero@ptsc.com --------------------------------------------------------------------------------