ATC Healthcare Receives Notice from AMEX Regarding Listing Standards
14 7월 2007 - 5:15AM
Business Wire
ATC Healthcare, Inc., (AMEX:AHN) announced today that it has
received notice from the American Stock Exchange (AMEX) that AMEX
has determined that the company is not in compliance with certain
conditions of the continued listing standards of Section
1003(a)(iii) of the AMEX Company Guide. Specifically, AMEX noted
that, based on the company's Form 10-K for the year ended February
28, 2007, the company was not in compliance with the listing
standards because its shareholder's equity was less than $6,000,000
and it had losses from continuing operations and/or net losses were
incurred in the last five fiscal years and because its
shareholder�s equity was less than $4,000,000 it had losses from
continuing operations and/or net losses in three of its four most
recent fiscal years. Under AMEX rules, ATC must submit to AMEX a
plan by August 9, 2007 detailing the action ATC has and/or will
take to bring ATC into compliance with all listing standards and
requirements by January 9, 2009. Upon timely submission, review,
and acceptance of the plan, ATC will be permitted to maintain its
listing subject to periodic reviews during the plan period. ATC
intends to maintain its AMEX listing by submitting a plan by August
9, 2007 advising AMEX of action it has taken, or will take that
would bring the company into compliance with the continued listing
standards by January 9, 2009. The company's common stock will
continue to trade on AMEX provided the plan is accepted and ATC
executes the plan. The Company's Chief Executive Officer, David
Savitsky, stated, "ATC Healthcare fully intends to respond to
AMEX�s request for a compliance plan in a timely fashion. We remain
committed to maintaining our listing on the AMEX. The Company
believes it will suitably address the issue to preserve our listing
on the exchange.� About ATC Healthcare, Inc. ATC is a national
leader in medical staffing personnel to hospitals, nursing homes,
clinics and other healthcare facilities with 52 locations in 31
states. ATC provides supplemental staffing, outsourcing and human
resource solutions to hospitals, nursing homes, medical and
research facilities and industry. Drawing from a pool of over
15,000 healthcare professionals spanning more than 50 specialties,
the company supplies both clinical and non-clinical personnel for
short-term, long-term, and "traveling" contract assignments. To
learn more about the company's services, visit their website at
www.atchealthcare.com. This release contains forward-looking
statements which involve known and unknown risks, delays,
uncertainties and other factors not under the Company's control,
which may cause actual results, performance or achievements of the
Company to be materially different from the results, performance or
other expectations implied by these forward-looking statements.
These factors include results of current or pending research and
development activities, actions by the FDA and other regulatory
authorities, and those factors detailed in the Company's filings
with the Securities and Exchange Commission such as 10K, 10Q and 8K
reports.
Atc Healthcare (AMEX:AHN)
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Atc Healthcare (AMEX:AHN)
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