Monolithic System Technology, Inc. Clarifies Insider Share Sale Information

1/16/2002 - Monolithic System Technology, Inc. ("MoSys") (NASDAQ:MOSY) stated today that delays in reporting of SEC filings of proposed sale of securities under Rule 144 apparently have caused confusion about insider trades of MoSys shares. Specifically, over the last few days news items have been published listing recent receipt of Form 144 (Proposed Sale of Securities) filings at the SEC, which are related to trades completed in November of 2001. The delay in reporting the Form 144 filings appears to be related to the delays in receipt of mail at the SEC. On January 8, 2002 the SEC published a press release describing the problem and stated, "Due to U.S. Postal Service security procedures for mail to be delivered to government agencies, filings and other documents mailed to the Commission are being received on a delayed basis."

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