YAKUM, Israel, September 30 /PRNewswire-FirstCall/ -- Metalink Ltd. (NASDAQ:MTLK), a global provider and developer of high-performance broadband communication silicon solutions, today announced that on September 29, 2009, it received a letter from The NASDAQ Stock Market notifying the Company that, based on its Form 6-K for the period ended June 30, 2009, the Company's stockholders' equity does not comply with the minimum $2.5 million stockholders' equity requirement for continued listing on The NASDAQ Capital Market as required by NASDAQ Marketplace Rule 5550(b)(1) nor meet alternative criteria for continued listing on the Capital Market. In accordance with the NASDAQ Marketplace Rules, the Company has the opportunity to submit to NASDAQ, by October 14, 2009, a specific plan and timeline to achieve and sustain compliance. The Company intends to timely submit such a plan to NASDAQ. Under NASDAQ Marketplace Rules, if the plan is accepted, the Company will then be given up to 105 calendar days from the date of the September 29, 2009 letter to regain compliance. If NASDAQ determines that the Company's plan is not sufficient, the Company's shares would be subject to delisting from The NASDAQ Capital Market. At such time, the Company would have the right to appeal the determination to a NASDAQ Listing Qualifications Panel, which appeal would stay the delisting pending a final determination by the panel. There can be no assurance that the Company will be able to regain compliance with the criteria for continued listing on the NASDAQ Capital Market. 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 change 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. 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 plan to continue listing on NASDAQ, 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: in light of our cash status, our inability to raise additional funds or enter into other strategic transactions on a timely basis may lead us to insolvency; our inability to regain compliance with NASDAQ'S requirements for continued listing; 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 SEC, 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. Contact: Yuval Ruhama CFO Metalink Ltd. Tel: +972-9-9605555 Fax: +972-9-9605544 DATASOURCE: Metalink Ltd CONTACT: Contact: Yuval Ruhama, CFO, Metalink Ltd., Tel: +972-9-9605555, Fax: +972-9-9605544,

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