Shortly after Rick Goerner joined our company he made his intentions clear. He has set us on a new path, with the intention of giving us business success and independence without relying on the success of our patents. PDSG is the culmination of these efforts todate. We'll see more.

As per: Letter to Shareholders 2008-04-10

Positioning Patriot for future growth

The blueprint for Patriot’s pursuit of these opportunities can be summarized as follows:

• Selective expansion of our IP portfolio, acquiring new IP that builds on our existing IP portfolio.

• Minority investments, undertaken as a strategic investor, in certain early-revenue or technology ventures that, currently do not support a full acquisition decision, but that represent a technology or capability of interest to us. Patriot would gain market and technology insights from our participation in a potential “pre-M&A” investment scenario.

• Aggressively pursue full M&A activities. We will steer the company toward the acquisition of operating businesses in the electronics sector focused on software, networking and/or wireless technologies. Patriot has public market access to attract certain private or foreign entities. We are not ruling out the consideration of an acquisition of another public entity either. Patriot’s strong cash position, public company posture and significant market capitalization value give us a very solid negotiating position, especially considering current market conditions and other companies’ limited access to cash.

While it is the last category that will consume the majority of our energies, Paul, Cliff and I have begun initial assessments of several different companies and IP portfolios representing opportunities to expand PTSC’s revenues in each of the above. We will keep you updated of progress as it occurs. When appropriate, Patriot will enlist the services of an investment banker.