Jim Turley Resigns as President, CEO of Patriot Scientific
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Patriot Scientific (OTCBB:PTSC) announced today that President and CEO
Jim Turley has resigned from the company effective February 28. Turley
also resigned from the company’s Board of
Directors. The Board expects to name a new chief executive shortly.
"It is with mixed feelings that I announce my
resignation from Patriot Scientific,” said
Turley. "I leave the company in a strong
financial and strategic position, but I haven’t
been able to accomplish many of the things I’d
set out to do. I’m optimistic that Patriot
will flourish and that its shareholders will be rewarded.”
Patriot’s Chairman of the Executive
Committee, Carlton Johnson, said, "We’d
like to thank Jim for his service to the company and for providing us
the benefit of his industry experience and knowledge. We wish Jim the
very best in his future endeavors.” About Patriot Scientific
Patriot Scientific is a leading intellectual-property licensing company
that develops, markets, and enables innovative technologies that satisfy
the demands of fast-growing markets for wireless devices, smart cards,
home appliances, network gateways, set-top boxes, entertainment
technology, automotive telematics, biomedical devices, industrial
controllers and more. Headquartered in Carlsbad, Calif., information
about the company can be found at http://www.ptsc.com.
An investment profile on Patriot Scientific may be found at http://www.hawkassociates.com/ptscprofile.aspx.
Copies of Patriot Scientific press releases, current price quotes, stock
charts and other valuable information for investors may be found at http://www.hawkassociates.com
and http://www.americanmicrocaps.com.
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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. Moore Microprocessor Patent (MMP) and Alliacense are trademarks of
Technology Properties Limited (TPL). PTSC is a trademark of Patriot
Scientific Corporation. All other trademarks belong to their respective
owners.