Nasdaq to Delist PSi Technologies Holdings, Inc.
19 Septembre 2008 - 8:39PM
PR Newswire (US)
MANILA, Philippines, Sept. 19 /PRNewswire-FirstCall/ -- PSi
Technologies Holdings, Inc. (the "Company"), (NASDAQ:PSIT), an
independent provider of assembly and test services for the power
semiconductor market, announced today Nasdaq has determined to
delist the Company's securities from the Nasdaq Capital Market.
Trading in the Company's securities will cease effective at the
opening of business on Monday, September 22, 2008. The Company
expects that, following the delisting, its outstanding American
Depositary Shares ("ADSs") will be quoted in the Pink Sheets,
subject to the interest of market makers. Information about the
Pink Sheets can be found on its Internet web site at
http://www.pinksheets.com/. 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. For more information, visit the Company's website at
http://www.psitechnologies.com/ or call: At PSi Technologies
Holdings, Inc.: At Financial Relations Board: Larry Cajucom Lasse
Glassen (63 2) 838 4489 (213) 486 6546 This press release contains
"forward-looking statements," as the phrase is defined in Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements relate to
the Company's expectation that its ADSs will be available for
trading on the Pink Sheets. While these forward-looking statements
represent the Company's current judgment of what may happen in the
future, actual results may differ materially from the results
expressed or implied by these statements due to numerous important
factors, including, but not limited to, those described under the
heading "Risk Factors" in the Company's most recent Annual Report
on Form 20-F filed with the Securities and Exchange Commission
("SEC"), which may be revised or supplemented in subsequent reports
furnished to the SEC. These factors include, but are not limited
to, the pace of development and market acceptance of the Company'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. The Company undertakes
no responsibility to update these forward-looking statements to
reflect events or circumstances after the date hereof. DATASOURCE:
PSi Technologies Holdings, Inc. CONTACT: Larry Cajucom of PSi
Technologies Holdings, Inc., +1-632-838-4489, ; or Lasse Glassen,
+1-213-486-6546, , for PSi Technologies Holdings, Inc. Web site:
http://www.psitechnologies.com/
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