-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GxOwlY0XnozDOkgLGIr1sqUFGuRiIXYslCKksetWd2Z+7tuuJXNYAucXPuKlhbkw cX/s75sn3xrIjP23265fpA== 0001019687-08-004096.txt : 20080910 0001019687-08-004096.hdr.sgml : 20080910 20080910112837 ACCESSION NUMBER: 0001019687-08-004096 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080908 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080910 DATE AS OF CHANGE: 20080910 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PATRIOT SCIENTIFIC CORP CENTRAL INDEX KEY: 0000836564 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 841070278 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22182 FILM NUMBER: 081064366 BUSINESS ADDRESS: STREET 1: 6183 PASEO DEL NORTE STREET 2: SUITE 180 CITY: CARLSBAD STATE: CA ZIP: 92011 BUSINESS PHONE: 760-547-2700 MAIL ADDRESS: STREET 1: 6183 PASEO DEL NORTE STREET 2: SUITE 180 CITY: CARLSBAD STATE: CA ZIP: 92011 FORMER COMPANY: FORMER CONFORMED NAME: PATRIOT FINANCIAL CORP DATE OF NAME CHANGE: 19920521 8-K 1 patriot_8k-090808.htm PATRIOT SCIENTIFIC patriot_8k-090808.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 8, 2008
 
Patriot Scientific Corporation
(Exact name of registrant as specified in its charter)
 
 
Delaware
0-22182
84-1070278
(State or other jurisdiction of
incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
CARLSBAD CORPORATE PLAZA
6183 PASEO DEL NORTE, SUITE 180
CARLSBAD, CA 92011
(Address of principal executive offices, zip code)
 
(760) 547-2700
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

Item 8.01  Other Events.
 
On September 8, 2008, Patriot Scientific Corporation (the “Company”) issued a press release announcing that the Company has acquired nearly 20 percent of Avot Media, Sunnyvale, CA, (www.avotmedia.com), an innovator in real-time streaming and video delivery to mobile devices.  A copy of the press release is attached hereto as exhibit 99.1.

The Company expressly disclaims any obligation to update this press release and cautions that it was only accurate on the date it was presented. The inclusion of any data or statements in this press release does not signify that the information is considered material.

Item 9.01  Financial Statements and Exhibits.
 
(d)   Exhibits.
 
99.1               Press release dated September 8, 2008


 

 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Patriot Scientific Corporation
(Registrant)
 
       
Date:  September 10, 2008
By:
/s/ Clifford L. Flowers
 
   
Clifford L. Flowers 
 
   
Chief Financial Officer
 
       

 
 

EX-99.1 2 patriot_8k-ex9901.htm PRESS RELEASE patriot_8k-ex9901.htm
EXHIBIT 99.1
 
For Immediate Release

PATRIOT SCIENTIFIC ACQUIRES A STAKE IN AVOT MEDIA

CARLSBAD, CA. September 8, 2008  – Patriot  Scientific Corp. (OTC BB: PTSC) today announced it has acquired nearly 20 percent of Avot Media, Sunnyvale, Ca., (www.avotmedia.com), an  innovator in real-time streaming and video delivery to mobile devices.
 
“Industry projections have indicated that video-enabled handsets will increase from less than five percent of the market today to more than 70 percent within a few years,” said Paul Bibeau, Vice President Business Development.  “Avot Media has differentiated technology and is making excellent progress with potential carrier customers in field trials.  Initial revenues are expected from opportunities in Asia and Europe as the global marketplace is primed for the deployment of video to mobile devices.”
 
“This investment expands Patriot Scientific’s focus on data sharing beyond text to include this important newly developing video sector.  We are confident that Avot Media’s technology provides a significant positive experience for the end user, eliminating the latencies and interrupted delivery of video content that exists with today’s solutions.  Avot Media’s technology is right on target with Patriot Scientific’s pursuit of cutting edge, significant software, for wireless and networking applications,” Mr. Bibeau concluded.

 
 

 

Avot Media is pleased to have Patriot Scientific as a strategic investor with its strong technology experience.  We are also pleased to announce that Rick Goerner, Patriot Scientific CEO, has joined our Board of Directors,” said Atam Lalchandani, Avot Media Chairman.  “Rick’s expertise in building early stage technology companies into successes and his knowledge of the Asian market will prove very valuable as Avot Media gains market recognition in that vital sector of the world.”
 
About Avot Media, Inc.
Avot Media is an innovator in intelligent search, near real-time streaming and video delivery to web-enabled mobile devices. Avot Media’s solution allows users to play any web video on any web-enabled mobile device in near real-time with a high-quality image. AdVideo is an innovative video based advertising service that engages users by streaming video advertisement to mobile phones. AdVideo enables advertisers to communicate their offerings to consumers by using real-time mobile videos. Founded in 2006, the company is led by industry veterans, and is headquartered in Sunnyvale, California. For more information, visit www.avotmedia.com.
 
Avot Media, Avot Media logo, and AdVideo are registered trademarks of Avot Media, Inc. All other trademarks are the property of their respective owners.
 
About Patriot Scientific Corporation
 
Headquartered in Carlsbad, California, Patriot Scientific Corporation is a leading intellectual-property licensing company that developed key microprocessor technologies used in myriad wireless devices, smart cards, home appliances, network gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices, industrial controllers and more. Patriot Scientific has recently embarked on an aggressive business expansion initiative based on selective expansion of its IP portfolio, minority investments in early-stage technology companies and full M&A. For more information on Patriot Scientific Corporation, visit: www.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, patent litigation, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
 
CONTACT:
Patriot Scientific
Angela Hartley
760/547-2700 x102

Avot Media
Denise Dorman
WriteBrain Media
630/845-4694
denise@writebrainmedia.com

 
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