Psi Tech Hldgs (MM) (NASDAQ:PSIT)
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PSi Technologies to Transfer to Nasdaq SmallCap Market
SOUTH SAN FRANCISCO, Calif. and MANILA, Philippines, March 28
/PRNewswire-FirstCall/ -- PSi Technologies Holdings, Inc., (NASDAQ:PSIT), a
leading independent provider of assembly and test services for the power
semiconductor market, today announced the transfer of its securities from The
Nasdaq National Market to The Nasdaq SmallCap Market ("SmallCap Market"). This
change will take effect at the opening of business on March 29, 2005, with PSi
Technologies' American Depositary Shares continuing to be traded under the
symbol "PSIT". PSi Technologies elected to seek a transfer to the SmallCap
Market because it had not met Nasdaq's minimum market value of publicly held
shares requirement for continued listing on The Nasdaq National Market.
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 Fairchild
Semiconductor, 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.:
Edison G. Yap, CFA
(63 917) 894 1335
At Financial Relations Board:
Amy Cozamanis
(310) 854 8314
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 is included in the documents PSi files from time to time with the
Securities and Exchange Commission.
DATASOURCE: PSi Technologies Holdings, Inc.
CONTACT: Edison G. Yap, CFA, PSi Technologies Holdings, Inc.,
63 917 894 1335, ; or Amy Cozamanis of Financial
Relations Board, +1-310-854-8314, , for
PSi Technologies Holdings, Inc.
Web site: http://www.psitechnologies.com/