Kirby McInerney LLP is investigating potential claims against the Board of Directors of MEMSIC, Inc. ("MEMS" or the "Company") (NASDAQ: MEMS) related to the proposed acquisition of the Company by IDG-Accel China Capital II, L.P. and Affiliates ("IDG"). Under the terms of the proposal, IDG will acquire all of the outstanding common stock of MEMSIC for $4.225 per share in cash, for a total transaction value of approximately $88.5 million.

The investigation concerns whether the MEMSIC Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $4.225 per share consideration adequately values MEMSIC common shares.

If you are a MEMSIC shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.

Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145 or 888-529-4787
bwalker@kmllp.com