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Metalink Reports 2014 Full Year ResultsTEL-AVIV, Israel, March 18, 2015 /PRNewswire/ -- Metalink Ltd. (OTCQB: MTLK), today announced its unaudited financial results for the year ended December 31, 2014. FINANCIAL RESULTS Financial Highlights for the year 2014: Revenues for the year ended December 31, 2014 were $34,000, compared to no revenues in the year ended December 31, 2013. Net loss for year ended December 31, 2014 was $264,000, or $0.10 per share, compared to net loss of $305,000, or $0.11 per share, for the year ended December 31, 2013. Financial Income, Net: There was no net financial income for the year ended December 31, 2014, compared to $18,000 net financial income, for the year ended December 31, 2013. Cash Status: Metalink's cash and cash equivalents as of December 31, 2014 were $4.54 million compared with $4.80 million as of December 31, 2013. 2015 OUTLOOK In March 2015, Metalink completed the delivery and received payment for DSL products totaling approximately $450,000, which are expected to be recognized in the first quarter of 2015. This order marks the last order that Metalink will receive for DSL products, which were the subject of an "end of life" notice issued by the Company already in early 2008. In light of the foregoing and as part of the Company's ongoing efforts to reduce ongoing expenses, Mr. Tzvi Shukhman, CEO of Metalink, is expected to step down from his position effective March 31, 2015. Mr. Shay Evron, CFO of Metalink, will assume the position as Acting CEO. ABOUT METALINK Metalink shares are quoted on OTCQB under the symbol "MTLK". For more information, please see our public filings at the SEC's website at www.sec.gov. SAFE HARBOR STATEMENT This press release contains "forward looking statements" within the meaning of the United States securities laws. Words such as "aim," "expect," "estimate," "project," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believe," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to: nominal operations following the Lantiq transaction and the last order for DSL products; uncertainty as to our future business model and our ability to identify and evaluate suitable business opportunities; and our U.S. shareholders may suffer adverse tax consequences if we will be classified as a passive foreign investment company. Additional factors that could cause actual results to differ materially from these forward-looking statements are set forth from time to time in Metalink's filings with the Securities and Exchange Commission, including Metalink's Annual Report in Form 20-F. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, the Company undertakes no obligation to republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. The Company cannot guarantee future results, events, and levels of activity, performance, or achievements. Contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/metalink-reports-2014-full-year-results-300052303.html SOURCE Metalink Ltd. 
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