ATC Healthcare Receives Noncompliance Warning Letter from the AMEX
28 Fevereiro 2007 - 11:15AM
Business Wire
ATC Healthcare, Inc. (AMEX:AHN), a leader in medical staffing,
today reported that it has received a notice from the staff of The
American Stock Exchange (�AMEX�), indicating that it had failed to
fully comply with its listing standards. This resulted from the
Company�s issuance, on January 16, 2007, of 2,000,000 shares of its
Class A Common Stock to an accredited investor without first
obtaining the AMEX�s approval for that issuance. To remedy its
omission, the Company is filing an application today to list on the
AMEX the shares of Class A Common Stock and related warrants issued
on January 16, 2007. As a result of the noncompliance warning
letter, the Company will be included in a list of issuers, which is
posted daily on the AMEX website, that are not in compliance with
the listing standards. In addition, �.BC� (below compliance) will
be appended to the Company�s symbol �AHN� on the Consolidated Tape
Association�s Consolidated Tape System and Consolidated Quote
Systems Low Speed and High Speed tapes whenever the Company�s
trading symbol is transmitted with a quotation or trade to identify
the Company as noncompliant with the continued listing standards.
The indicator will not change the Company�s trading symbol itself.
The website posting and indicator will remain in effect until the
Company has regained compliance with all applicable listing
standards. Forward Looking Statements Certain statements contained
in this release that are not statements of historical facts are
�forward-looking statements� within the meaning of the Private
Securities Litigation Reform Act of 1995. The words � �believe,�
�expect,� �anticipate,� �intend,� �will,� and similar expressions
are examples of words that identify forward-looking statements.
Forward-looking statements include, without limitation, statements
regarding our future financial position, timing of future revenue,
business strategy and cost savings. These forward-looking
statements are based on our current beliefs, as well as assumptions
we have made based upon information currently available to us.
These forward-looking statements may be affected by the risks and
uncertainties in our business and are qualified in their entirety
by the cautionary statements and risk factor disclosure contained
in our filings with the Securities and Exchange Commission,
including our annual report on Form 10-K for the year ended
February 28, 2006. We do not assume, and expressly disclaim, any
obligation to update these forward-looking statements. About ATC
Healthcare, Inc. ATC is a national leader in medical staffing
personnel to hospitals, nursing homes, clinics and other healthcare
facilities with 56 locations in 35 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.
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