Xenonics Receives
Non-Compliance Letter From NYSE Amex

Click photo to enlarge

Xenonics' NightHunter

CARLSBAD, Ca. - XENONICS HOLDINGS, INC. (NYSE AMEX: XNN) announced today that it has received notice from the NYSE Amex (the "Exchange") that Xenonics is not in compliance with Section 1003(a)(iii) of the Company Guide because it has shareholders' equity of less than $6,000,000 and losses from continuing operations and net losses in its five most recent fiscal years.

Xenonics reported shareholders' equity of $2,875,000 at December 31, 2009.

In order to maintain its NYSE Amex listing, Xenonics will submit a plan to the NYSE Amex by March 25, 2010 addressing how it intends to regain compliance with Section 1001(a)(iii) of the Company Guide by July 23, 2010.

About Xenonics

Xenonics Holdings, Inc. (NYSE AMEX: XNN) develops and produces advanced, lightweight and compact ultra-high-intensity illumination and low-light vision products for military, law enforcement, public safety, and commercial and private sector applications. Xenonics' NightHunter line of illumination products is used by every branch of the U.S. Armed Forces as well as law enforcement and security agencies. Its SuperVision high-definition night vision is designed for commercial and military applications. Employing patented technologies, Xenonics provides innovative solutions for customers who must see farther so they can do their jobs better and safer. Xenonics' products represent the next generation in small, high intensity, high efficiency illumination and low-light vision systems.

Visit Xenonics on the web at xenonics.com.

Search for other press releases from Xenonics