PSIT Psi Tech Hldgs (MM)

MANILA, Philippines, Aug. 5 /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 that on July 31, 2008, it received a Nasdaq Staff Determination letter indicating that the Company has failed to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4320(e)(2)(E)(ii), and that its securities are, therefore, subject to delisting and deregistration from The Nasdaq Capital Market. The Company will request a hearing before a Nasdaq Listing Qualifications Panel (the "Panel") to review the Staff Determination, which will stay the delisting action pending the issuance of a final decision by the Panel. The Company is examining several potential courses of action aimed at supporting the Company in regaining compliance with the requirements for continued listing. However, there can be no assurance that the Panel will grant the Company's request for continued listing. 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 website at http://www.psitechnologies.com/ or call: At PSi Technologies Holdings, Inc.: At Financial Relations Board: Larry Cajucom Lasse Glassen (632) 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. 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, Financial Relations Board, +1-213-486-6546, , for PSi Technologies Holdings, Inc. Web site: http://www.psitechnologies.com/

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