Symphonix Moves to the OTC Bulletin Board

From: Stockwatch - Mar 25, 2003

2003-03-25 12:48 ET - News Release

SAN JOSE, Calif., March 25 /PRNewswire-FirstCall/ -- Symphonix(R) Devices Inc. -- developers of the world's first FDA-approved middle-ear implant for moderate to severe sensorineural hearing loss -- announced today that its common stock will be delisted from the Nasdaq Market before the opening bell on March 28, 2003 and will commence trading that same day on the Over-the-Counter Bulletin Board (OTCBB).

The decision by the Nasdaq Listing Qualifications Panel to delist Symphonix was based on the company's failure to meet Nasdaq's minimum $1 bid price per share requirement.

The OTCBB is a regulated quotation service that displays real-time quotes, last-sale prices and volume information in over-the-counter equity securities. OTCBB securities are traded by a community of market makers that enter quotes and trade reports. The company's common stock will trade under the ticker symbol SMPX and can be viewed at http://www.otcbb.com/.

About Symphonix Devices, Inc.

Symphonix Devices Inc., a hearing technology company in the process of dissolution, has developed products to improve communication ability and quality of life for the millions of hearing-impaired people who were limited by current hearing solutions. Symphonix' Vibrant Soundbridge is a surgical implant designed to work with the natural structures of the middle-ear to enhance hearing and communication ability for people with hearing impairment. The device can be implanted during a short, outpatient medical procedure. More information about Symphonix Devices, Inc. its dissolution and the selling of the majority of its assets to MED-EL can be found at http://www.symphonix.com/.

Statements made in the press release regarding dissolution, the delisting of our securities by Nasdaq and the commencement of trading of our securities on the OTCBB are "forward looking statements" and are subject to a number of uncertainties that could cause actual results to differ materially from the statements made. Such risks and uncertainties include, but are not limited to receiving stockholder approval of the dissolution. Further information on potential factors that could affect the company' is included in the company's Form 10-Q for the quarter ending September 30 2002, and Form 10-K for the 2001 fiscal year filed with the Securities and Exchange Commission.

Symphonix, Vibrant and Soundbridge are registered trademarks of Symphonix Devices, Inc.

Media Relations:

Eric Gertsman
Neale-May & Partners
(650) 328-5555 x502
egertsman@nealemay.com

Investor Relations:

Terry Griffin, CFO
(408) 232-0710

Symphonix Devices Inc.

CONTACT: Media, Eric Gertsman of Neale-May & Partners, +1-650-328-5555,
ext. 502, or egertsman@nealemay.com, for Symphonix Devices Inc.; or Investors,
Terry Griffin, CFO of Symphonix Devices Inc., +1-408-232-0710

Web site: http://www.symphonix.com/

© 2003 Canjex Publishing Ltd. All rights reserved.