ALSC Announces Changes to its Strategic Direction

Alliance Semiconductor Corporation (ALSC)– announced that the company is focused on new strategic business opportunities intended to maximize the value for all shareholders. ALSC’s business focus is on developing businesses in areas where its board and its management team have specific domain knowledge including, among others, energy, telecommunications, wireless and mining. ALSC has made some targeted investments in operating businesses in one or more of these areas and continues to evaluate new opportunities to develop new operating business lines.