August 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) – Xenonics Holdings (AMEX: XNN) said that it has received notice from the NYSE AMEX that the company failed to regain compliance with continued listing standards and, accordingly, the company's securities are subject to delisting proceedings.

Specifically, Xenonics is not in compliance with Section 1003(a)(iii) of the AMEX Company Guide because it has shareholders' equity of less than $6 million.

In accordance with Sections 1203 and 1009(d) of the company Guide, Xenonics has the right to appeal the staff determination by requesting a hearing before a listing qualifications panel.

Xenonics said it plans to exercise this right, and expects the hearing to occur within the next 45 to 60 days. In the meantime, the company's securities will continue to be listed on the NYSE AMEX.

California-based Xenonics Holdings develops and produces ultra-high-intensity illumination and low-light vision products for military, law enforcement, public safety, and commercial and private sector applications.

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