Metalink Announces Tel Aviv Stock Exchange Voluntary Delisting Date - June 14, 2010

YAKUM, Israel, March 16, 2010 /PRNewswire-FirstCall/ -- Metalink Ltd. (NASDAQ: MTLKD), today announced that in accordance with its previously announced request for voluntary delisting from the Tel Aviv Stock Exchange (TASE), the TASE has set the last day of trading in its ordinary shares on the TASE to June 10, 2010, and the delisting thereof to June 14, 2010.

Metalink's shares will continue to be listed on NASDAQ Capital Market. The Company will continue to make public reports in accordance with the rules and regulations of NASDAQ and the U.S. Securities and Exchange Commission.

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 continued 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 those 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:

    Eran Vital
    General Counsel
    Metalink Ltd.
    Tel: +972-9-9605555
    Fax: +972-9-9605544
    [email protected]

SOURCE Metalink Ltd