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Leadis Technology to Hold Conference Call to Review Status of Dissolution

^{Published on 2010-06-02 15:50:15 - Market Wire}
 

SUNNYVALE, CA--(Marketwire - June 2, 2010) - Leadis Technology, Inc. (PINKSHEETS: [ LDIS ]) today announced that it plans to hold a conference call to review the company's financial condition and the status of its liquidation on Wednesday, June 9, 2010 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Stockholders of the company and other interested parties may access the conference call using the following information:

Conference Call Details

Date: June 9, 2010
Time: 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time
Dial in: 1-877-760-2043 (US toll free)
Access code: 643369

The conference call will be recorded.

About Leadis Technology, Inc.

Leadis Technology, Inc. is headquartered in Sunnyvale, California. On October 23, 2009, the company's stockholders approved the Plan of Dissolution of the company, which provides for the complete liquidation for the company under Delaware law. An initial liquidating distribution was made to stockholders of the company on December 14, 2009 in the amount of $0.95 per share of common stock. Prior to winding up its affairs under Delaware law, the company currently expects to make at least one additional liquidating distribution, however, the specific timing and amount of any future liquidating distribution(s) is not yet known.

Cautionary Statement About Forward Looking Statements

This press release contains information about Leadis Technology's future expectations, potential liquidating distributions, liquidation obligations, and plans that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the company's current expectations with respect to future events and are based on its current assumptions and information currently available. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Please refer to the risk factors detailed in the company's proxy statement filed with the Securities and Exchange Commission on October 2, 2009. These forward-looking statements are neither promises nor guarantees, and the company disclaims any obligation to update the forward-looking statements.