ELU Accelerated Return Notes Linked TO The Phlx Semiconductor Index

eLinear, Inc. (AMEX:ELU) announced today an update in relation to the November 22, 2005 notice the company received from the Amex staff indicating that the company did not meet certain criteria of the American Stock Exchange's continued listing standards due to its delayed filing of its fiscal third quarter financial statements per the Amex Company Guide. The company was afforded the opportunity to submit a plan of compliance to the exchange and on December 8, 2005, presented its plan to the Amex. The plan included the valuation and restatement steps that are necessary precedents to the quarterly filing for September 30, 2005. The Company is required to amend filings beginning with the quarter ended March 31, 2004 and adjustments made therein flow from quarter to each successive quarter thereafter. On January 24, 2006, the American Stock Exchange notified eLinear that it accepted the company's plan of compliance and granted eLinear an extension of time to regain compliance with the continued listing standards. The company was subject to periodic review by Amex staff during the extension period which ended on February 15, 2006. eLinear's failure to make progress consistent with the plan to regain compliance with the continued listing standards by the end of the extension period could result in the company being delisted from the American Stock Exchange. However, the company has been and will continue to be diligent and in constant communication with the Amex and has requested a further extension of the previously Amex approved timeline and parameters for achieving compliance. Michael Lewis, President & Chief Executive Officer of eLinear, stated, "We are working with our various third party consultants in making our best efforts to get through the six restated filings in addition to the September 30, 2005 quarterly report. We have not yet finished going through that very complicated process and hope to be complete in the next several weeks. We are in constant communication with both the SEC and Amex and currently, we are in discussions in relation to the additional time we are requesting. We look forward to getting through the process and getting the outstanding issues behind us." About eLinear, Inc. eLinear, Inc. is a communications, security and compliance company providing integrated technology solutions including information and physical security, IP Telephony and network and storage solutions infrastructure. Typically, the company's customers are Fortune 2000 and small to medium sized business organizations. eLinear's services are offered to companies seeking to increase productivity or reduce costs through investing in technology. eLinear has a national and international footprint and has its headquarters in Houston, Texas. For more information, see http://www.elinear.com. Safe Harbor Statement This press release contains statements that may constitute forward-looking statements, including the company's ability to realize the projected revenues from the newly announced project orders and the future strength of the company's business and industry. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about eLinear please visit www.elinear.com or www.sec.gov. eLinear undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.