MTLK Metalink, Ltd. (MM)

YAKUM, Israel, August 18 /PRNewswire-FirstCall/ -- Metalink Ltd. (NASDAQ: MTLK), a global provider and developer of high performance wireless and wireline broadband communication silicon solutions, today announced that it received a Nasdaq Staff Deficiency Letter on August 13, 2008, indicating that the Company fails to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4450(a)(5). Nasdaq provided Metalink with a 180 calendar day period, or until February 9, 2009, to regain compliance. Compliance is achieved if, at anytime before February 9, 2009, the bid price of the Company's ordinary shares closes at $1.00 per share or more for at least 10 consecutive business days. If the Company does not regain compliance by February 9, 2009, Nasdaq's staff will provide written notification that the Company's ordinary shares will be delisted. The Company intends to evaluate alternatives aimed at regaining compliance. If the Company's ordinary shares are ultimately delisted from the Nasdaq Global Market, the Company may apply to list its ordinary shares on the Nasdaq Capital Market. If accepted for listing on the Nasdaq Capital Market, the Company would have an additional 180 calendar day period to comply with the minimum bid price requirement, or until August 8, 2009. The listing of the Company's ordinary shares on the Tel Aviv Stock Exchange, under the symbol MTLK, is expected to continue as usual. About Metalink Metalink Ltd. (NASDAQ:MTLK) is a provider of high performance wireless and wireline broadband communication silicon solutions. Metalink's WLAN and DSL technologies are designed to enable true broadband connectivity in every home, and its products revolutionize the broadband experience by facilitating the convergence of telecommunication, networking and entertainment. Metalink's WLANPlus(TM) is a high-throughput, 802.11n-draft-compliant wireless LAN technology optimized for the networked home entertainment environment. Featuring advanced MIMO technology and full support of QoS, and operating in both 2.4GHz and 5GHz bands, WLANPlus enables multi-room networking of multiple high-definition video streams. In addition, Metalink offers a broad range of symmetric DSL and VDSL products used by operators as a cost-effective network upgrade to support triple-play services. Headquartered in Yakum, Israel, the company has design centers in USA (Atlanta, GA) and Taiwan, and sales offices in USA (Atlanta, GA), South Korea, China and Taiwan. Further information is available at http://www.mtlk.com/ Safe Harbor Statement This press release contains "forward looking statements" within the meaning of the United States securities laws. Words such as "aim," "expect," "estimate," "project," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believe," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. For example, when we discuss our expectation regarding future revenues or the review of strategic options, we are using a forward looking statement. Because such statements deal with future events, they are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to: our need to raise additional funds in order for us to implement our current business plan, including our liquidity requirements, which funds may not be available to us; any unforeseen developmental or technological difficulties with regard to our products; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; and the impact on revenues of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism. Additional factors that could cause actual results to differ materially from these forward-looking statements are set forth from time to time in Metalink's filings with the Securities and Exchange Commission, including Metalink's Annual Report in Form F-20. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, the Company undertakes no obligation to republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. The Company cannot guarantee future results, events, and levels of activity, performance, or achievements. DATASOURCE: Metalink Ltd CONTACT: Yaron Malka, Legal Counsel, Tel: +972-9-9605415, E-mail:

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