KING OF PRUSSIA, Pa., Jan 7, 2003 /PRNewswire via COMTEX/ — Emerging Growth Equities, Ltd. initiates coverage of Monolithic System Technology, Inc. (MOSY) , a fabless chip and embedded IP provider of proprietary memory architectures for communications, consumer electronics and computing applications, with a Buy Rating and initial price target of $18.00.

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SOURCE Emerging Growth Equities, Ltd.

Noel Atkinson, Research Analyst of Emerging Growth Equities,
+1-610-783-4783 or +1-888-293-1800 x4783
(MOSY)