PSi Technologies Regains Nasdaq Compliance
14 Diciembre 2006 - 3:05PM
PR Newswire (US)
MANILA, Philippines, Dec. 14 /PRNewswire-FirstCall/ -- PSi
Technologies Holdings, Inc., (NASDAQ:PSIT), a leading independent
provider of assembly and test services for the power semiconductor
market, today announced that it received a Nasdaq Staff Letter,
dated December 12, 2006, advising that the Company has regained
compliance with the minimum bid price requirement for continued
listing found in Nasdaq Marketplace Rule 4320(e)(2)(E)(i). On July
17, 2006, the Company had received a Nasdaq Staff Deficiency
letter, indicating that the Company failed to comply with the
minimum bid price requirement of $1.00 over the previous 30
consecutive business days as required by the Nasdaq Marketplace
Rules. During the subsequent 180-day compliance period provided
under the Marketplace Rules, the closing bid price of the Company's
American Depositary Share has been at $1.00 per share or greater
for at least 10 consecutive business days. Accordingly, the Nasdaq
Staff determined that the Company has regained compliance with the
Nasdaq Marketplace Rules. About PSi Technologies PSi Technologies
is a focused independent semiconductor assembly and test service
provider to the power semiconductor market. The Company provides
comprehensive package design, assembly and test services for power
semiconductors used in telecommunications and networking systems,
computers and computer peripherals, consumer electronics,
electronic office equipment, automotive systems and industrial
products. Their customers include most of the major power
semiconductor manufacturers in the world such as Infineon
Technologies, ON Semiconductor, Philips Semiconductor, and ST
Microelectronics. For more information, visit the Company's web
site at http://www.psitechnologies.com/ or call: At PSi
Technologies Holdings, Inc.: Thelma G. Oribello (63 2) 838 44 89 At
Financial Relations Board: Lasse Glassen (310) 854 8313 Safe Harbor
Statement This press release contains forward-looking statements
that involve risks and uncertainties. Actual results and outcomes
may differ materially. Factors that might cause a difference
include, but are not limited to, those relating to the pace of
development and market acceptance of PSi's products and the power
semiconductor market generally, commercialization and technological
delays or difficulties, the impact of competitive products and
technologies, competitive pricing pressures, manufacturing risks,
the possibility of our products infringing patents and other
intellectual property of third parties, product defects, costs of
product development, manufacturing and government regulation, risks
inherent in emerging markets, including but not limited to,
currency volatility and depreciation, restricted access to
financing and political and social unrest and the possibility that
the initiatives described herein may not produce the intended
results. PSi undertakes no responsibility to update these
forward-looking statements to reflect events or circumstances after
the date hereof. More detailed information about potential factors
that could affect PSi's financial results is included in the
documents PSi files from time to time with the Securities and
Exchange Commission. DATASOURCE: PSi Technologies Holdings, Inc.
CONTACT: Thelma G. Oribello of PSi Technologies Holdings, Inc., (63
2) 838 44 89, ; or Lasse Glassen of Financial Relations Board,
+1-310-854 8313, , for PSi Technologies Holdings, Inc. Web site:
http://www.psitechnologies.com/
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