In June of 2003, PTSC announced a favorable ruling in the case of Fish vs. Nanotronics, PTSC and Felcyn. It mentions a co-inventor but nowhere does it mention a co-owner. Then CEO Jeff Wallin states that the conclusion of seven years of litigation removes any cloud of ownership. There is no mention of Charles Moore as being a co-owner and yet just a few months later, PTSC sued Moore and TPL over ownership. When did PTSC learn of a potential co-owner and more importantly when did they tell shareholders about this potential cloud of ownership. A look at the patent assignment abstract of title raises more questions.

SAN DIEGO--(BUSINESS WIRE)--June 12, 2003

PTSC (Patriot Scientific Corporation) (OTCBB:PTSC) today announced the Fourth Appellate Court, Division One, of the State of California has affirmed the judgment issued by the trial court in 2000 which ruled in favor of PTSC on all counts in the case of Fish vs. nanoTronics, Patriot and Gloria Felcyn, Trustee. The lawsuit, which was brought by one of the co-inventors of the ShBoom technology, the predecessor technology to the IGNITE, sought a judgment for damages and a restoration of the technology to the co-inventor.

Jeff Wallin, PTSC's president and CEO, stated, "The appellate court's opinion brings to a satisfactory conclusion seven years of litigation and removes any cloud of ownership that may have hung over our technology. We can now aggressively pursue our objective of enforcing our rights against potential infringers of this unique and far reaching technology."

Patent Assignment Abstract of Title

http://assignments.uspto.gov/assignments/q?db=pat&qt=pat&reel=&frame=&pat=5809336&pub=&asnr=&asnri=&asne=&asnei=&asns=

Patent 5809336

Inventors: Charles H Moore & Rusell H Fish

Assignor Nanotronics

Assignee Patriot Scientific Recorded 10/28/96

Conveyence: Assignment of Assignors Interest

Assignor Patriot

Assignee Swartz Private Equity Recorded 11/20/01

Conveyence: Security Interest

Assignor Patriot

Assignee Swartz Private Equity Recorded 09/03/02

Conveyence: Ammended Secured Promissory Note and Addendum

Assignor Patriot

Assignee Lincoln Ventures Recorded 05/23/02

Conveyence: CONVERTIBLE DEBENTURE (NOTE ARTICLE IV)

Assignor Patriot

Assignee Lincoln Ventures Recorded 08/05/02

Conveyence: Convertible Debenture

Assignor Patriot

Assignee Knobbe, Martens, Olsen & Bear Recorded 02/14/03

Conveyence: Security Interest

Assignor Charles Moore

Assignee TPL Recorded 12/08/03

Conveyence: Assignement of assignor’s interest

Assignor Knobbe Martin

Assignee PTSC Recorded 08/08/05

Conveyence: Termination of security interest

Assignor Charles Moore

Assignee The Equinox Trust Recorded 03/20/09

Conveyence: Assignement of Assignors Interest