CARLSBAD, Calif., August 13, 2010--(PR Newswire)

A second item that we've received some inquiries on is our disclosure of Wells Fargo's Cayman Island checking account sweep function, with an implication that it represents something that is less than above-board. I can only state that these concerns are unfounded. Nevertheless, because we had been maintaining minimal balances in our checking account causing the sweep functionality to in effect be non-operative, we have recently discontinued the sweep service. On a similar but broader note, I will say as a public company we are subjected to quarterly reviews and annual audits of our financial statements and internal controls by our independent public accountants. I occasionally hear from people on certain topics which leads me to believe they may not fully appreciate what these audits represent. I can only say that these audits are rigorous examinations and we work hard to ensure that the work we do is above reproach.

Is that so, then why did our accountants resign in 2005 and why did we then file a complaint against them in 2007?Again, who at PTSC has been minding the store?

NT 10-Q (Filed: 17-10-2005)

The Company requires additional time in order to adequately analyze

appropriate accounting and disclosure matters related to transactions

occurring during the quarter.

8-K (Filed: 28-11-2005)

On November 21, 2005, Patriot Scientific Corporation (the "Company") received

notice from Mayer Hoffman McCann P.C. ("Mayer Hoffman"), that they resigned

effective November 21, 2005, as the Company's independent registered accounting

firm. Mayer Hoffman's reports on the consolidated financial statements of the

Company and its subsidiaries for the two most recent fiscal years ended May 31,

2005, did not contain any adverse opinion or disclaimer of opinion, nor were

they qualified or modified as to uncertainty, audit scope, or accounting

principles, except only that their report for the fiscal year ending May 31,

2004 was modified as to an uncertainty regarding the Company's ability to

continue as a going concern.

Case Title: PATRIOT SCIENTIFIC CORPORATION VS MAYER HOFFMAN MCCANN P C Case Number: GIC881587 Case Location: San Diego Case Type: Civil Date Filed: 03/12/2007 Category: CU-PN Professional Negligence