SHELTON, CT – May 20, 2010 –TranSwitch® Corporation (NASDAQ: TXCC) a leading provider of semiconductor solutions for the converging voice, data and video network, today announced the extension of its pending rights offering to 5:00 pm, Eastern time, on May 28, 2010, to allow the Company’s shareholders additional time to participate in the rights offering in view of recent information disclosed by the Company. The rights offering was originally scheduled to expire on May 24, 2010. All of TranSwitch’s directors have committed to participate in the rights offering.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. If you have any questions regarding the rights offering, please contact Georgeson, Inc., the information agent for the rights offering at (888) 867-6856 (toll-free) or, for banks and brokers, at (212) 440-9800 (call collect). Copies of a prospectus with respect to this offering may be obtained from the information agent or from TranSwitch Corporation, Three Enterprise Drive, Shelton, CT 06483, Attn. Robert Bosi, Vice President-Chief Financial Officer.
The rights offering will be made only by means of a prospectus. This release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
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