MANILA, Philippines, Aug. 5 /EMWNews/ -- 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

     [email protected]     [email protected]



    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.