UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 23, 2008
American Telecom Services, Inc.
(Exact name of Registrant as specified in its charter)
Delaware 1-32736 77-0602480
(State of incorporation) (Commission File No.) (IRS Employer
Identification No.)
2466 Peck Road
City of Industry, California 90601
(Address of principal executive offices)
Registrant's telephone number: (562) 908-1287
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
Pursuant to a letter dated January 23, 2008, we received notification from the
American Stock Exchange ("Amex") of its intent to strike our common stock from
Amex by filing a delisting application with the Securities and Exchange
Commission pursuant to Section 1009(d) of the Amex Company Guide.
The Amex notification states that the basis for this action is our failure to
regain compliance with Sections 134 and 1101 of the Amex Company Guide by
January 16, 2008 and our failure to submit a plan of compliance with Section
1003(a)(iv) of the Amex Company Guide by January 14, 2008. The non-compliance
with Sections 134 and 1101 results from our failure to file our Annual Report on
Form 10-K for the fiscal year ended June 30, 2007. Section 1003(a)(iv) concerns
the delisting of the securities of a company which has sustained losses which
are so substantial in relation to its overall operations that it appears
questionable, in the opinion of Amex, as to whether such company will be able to
continue operations and/or meet its obligations as they mature.
We have subsequently submitted a plan of compliance with Amex and intend to
appeal the proposed delisting of our common stock to a Listing Qualifications
Panel of Amex, in accordance with Sections 1203 and 1009(d) of the Amex Company
Guide.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: January 31, 2008
AMERICAN TELECOM SERVICES, INC.
By: /s/ August Liquori
----------------------------
Name: August Liguori
Title: President