Psi Technologies Holdings Inc - Report of Foreign Issuer (6-K)
February 05 2008 - 10:51AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACTS OF 1934
FOR THE MONTH OF FEBRUARY, 2008
PSi TECHNOLOGIES HOLDINGS,
INC.
(Exact name of Registrant as specified in its Charter)
NOT APPLICABLE
(Translation of Registrants name into English)
Electronics Avenue
FTI Industrial Complex
Taguig, Metro Manila 1604, Philippines
(Address of Registrants principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F
x
Form
40-F
Indicate by check mark whether the
registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
No
x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: February 4, 2008
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PSi TECHNOLOGIES HOLDINGS, INC.
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By:
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/s/ Arthur J. Young, Jr.
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Arthur J. Young, Jr.
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President and Chief Executive Officer
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PSi TECHNOLOGIES RECEIVES NASDAQ DEFICIENCY LETTER
Manila, Philippines February 4, 2008 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 Deficiency letter on January 31, 2008, indicating that the Company fails to comply with the minimum bid price requirement for continued listing set
forth in Marketplace Rule 4320(e)(2)(E)(i). The Company will be provided 180 calendar days, or until July 29, 2008, to regain compliance with the minimum bid price requirement of $1.00 per American Depositary Share of the Company for a minimum
of 10 consecutive business days. If the minimum bid price requirement has not been met by July 29, 2008, Nasdaq Staff will provide the Company with an additional 180 calendar day compliance period only if the Company meets certain other listing
criteria.
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 Companys web site at
www.psitechnologies.com
or call:
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At PSi Technologies Holdings, Inc.:
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At Financial Relations Board:
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Larry V. Cajucom, Jr.
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Lasse Glassen
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Chief Financial Officer
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Financial Relations Board
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PSi Technologies, Inc.
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Telephone No.: 1 (213) 486 6546
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Telephone No.:
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(632) 838 4489
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Email :
lglassen@frbir.com
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Fax No. :
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(632) 838 4637
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Email: lvcajucomjr@psitechnologies.com.ph
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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 PSis 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. 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 PSis financial results is included in the documents PSi files from time to time with the Securities and Exchange Commission.
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