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Message: Warrants-fyi

I found these two press releases and an 8K filing. However, I couldn't find anything that states that Swartz' warrants have been retired. anyone?

CARLSBAD, Calif. – July 24, 2007 – Patriot Scientific (OTCBB: PTSC) today announced an agreement to repurchase all outstanding warrants for its common stock held by Lincoln Ventures, LLC. Lincoln Ventures and its affiliate Swartz Private Equity have been involved in several rounds of Patriot Scientific's funding since 1997. The agreement will retire all remaining warrants held by Lincoln and Swartz.

Patriot Scientific CEO Jim Turley said, "We plan to repurchase and retire these warrants in installments between now and October. At the conclusion of this transaction, we will have removed this significant overhang in our stock and substantially strengthened our financial position."

Turley added, "Swartz and Lincoln have been steadfast and long-term investors in Patriot Scientific. We would like to thank them for their early support and their contribution to our success."

CARLSBAD, Calif. - October 11, 2007 - Patriot Scientific (OTC Bulletin Board: PTSC) reported operating results for the first fiscal quarter ended August 31, 2007. At August 31 Patriot had $22.3 million in current assets inclusive of $20.4 million in cash and liquid investments. Current liabilities of $8.6 million include $7.7 million in income taxes payable that are expected to be remitted over the remainder of the fiscal year. The company has no long-term debt. During the quarter the company repurchased approximately 5 million shares of outstanding common stock and retired warrants representing another 2 million shares for a total of $3.6 million. During September and October the company repurchased the remaining 5 million warrants, thus retiring all remaining warrants held by Lincoln.

8-K (Filed: 25-07-2007)

Item 8.01 Other Events.

On July 24, 2007, Patriot Scientific Corporation (the “Company”) issued a press release announcing its intention to repurchase all outstanding warrants for its common stock held by Lincoln Ventures, LLC. A copy of the press release is attached hereto as Exhibit 99.1.

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