ISSI (MM)

ISSI Receives Additional Notice From Nasdaq Due to Late Filing of Form 10-Q for March 2007 Quarter SAN JOSE, Calif., May 15 /PRNewswire-FirstCall/ -- Integrated Silicon Solution, Inc. (NASDAQ:ISSI) announced today that the Nasdaq Listing and Hearing Review Council (the "Council") has granted ISSI an extension to June 5, 2007 to demonstrate compliance with all of the continued listing requirements of The Nasdaq Global Market, including the filing of ISSI's delinquent reports on Form 10-Q and Form 10-K. ISSI had previously reported on August 9, 2006 that a committee of independent members of ISSI's Board of Directors had begun a review of ISSI's historical stock option granting practices since its initial public offering in February 1995. On October 19, 2006, ISSI's Board of Directors, with the concurrence of the independent committee, determined that ISSI should restate its financial statements for various periods since ISSI's IPO in February 1995, and that ISSI's financial statements and the related reports of ISSI's independent registered public accounting firm, Ernst & Young LLP, and all related earnings press releases and communications relating to periods after ISSI's initial public offering in February 1995, should not be relied upon. ISSI also was advised by Nasdaq that its delay in filing its Form 10-Q for the period ended March 31, 2007, provided an additional basis to delist ISSI's stock. ISSI is working diligently to complete its restatement and to file its delinquent SEC reports. In the event ISSI is not able to file such reports by June 5, 2007, Nasdaq has informed ISSI that ISSI's common stock will be delisted from the Nasdaq Global Market at the opening of business on June 7, 2007. About the Company ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: (i) digital consumer electronics, (ii) networking, (iii) mobile communications and (iv) automotive electronics. The Company's primary products are high speed and low power SRAM and low and medium density DRAM. The Company also designs and markets EEPROM, SmartCards and is developing selected non-memory products focused on its key markets. ISSI is headquartered in Silicon Valley with worldwide offices in China, Europe, Hong Kong, India, Korea and Taiwan. Visit our web site at http://www.issi.com/. DATASOURCE: Integrated Silicon Solution, Inc. CONTACT: Scott Howarth, Vice-President & CFO, Investor Relations, +1-408-969-4686, Web site: http://www.issi.com/

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