UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 333-147086-01
TONGXIN INTERNATIONAL LTD.
_____________________________________________________________________
(Translation of Registrant's Name into English)
199 Pierce Street,Suite 202
Birmingham, Michigan 48009
_____________________________________________________________________
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T
Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper
of a Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T
Rule 101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper
of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the
laws of the jurisdiction in which the registrant is incorporated, domiciled
or legally organized (the registrant's "home country"), or under the rules
of the home country exchange on which the registrant's securities are
traded, as long as the report or other document is not a press release, is
not required to be and has not been distributed to the registrant's
security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
This form 6-K consists of the following exhibits attached hereto:
1. Press release dated July 23, 2010, relating to Tongxin
International Ltd. receives NASDAQ Staff Deficiency
Letter.
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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, thereunto duly authorized.
TONGXIN INTERNATIONAL LTD.
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(Registrant)
By: /s/ Rudy Wilson
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Name: Rudy Wilson
Title: Chairman of the Board
and Chief Executive Officer
Date: July 23, 2010
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EXHIBIT
Exhibit Number Description
1. Press release dated July 23, 2010, relating to Tongxin
International Ltd. receives NASDAQ Staff Deficiency
Letter.
=========================================================================
CHANGSHA, China, July 23, 2010 /Xinhua-PRNewswire-FirstCall/ -- Tongxin
International Ltd. (NASDAQ: TXIC - News), announced today that TXIC
received a NASDAQ Staff Deficiency Letter on July 19, 2010 indicating
that TXIC no longer complies with NASDAQ Listing Rules (the "Rules")
for continued listing set forth in NASDAQ Listing Rule 5810(c)(2) (the
"Rule") due to TXIC's failure to file its Form 20-F for the period ended
December 31, 2009, by the due date, as extended by TXIC's filing under
SEC Rule 12b-25, of July 15, 2010. Under the Rules, TXIC now has 60
calendar days to submit a plan to regain compliance. If NASADAQ accepts
TXIC's plan of compliance, NASDAQ can grant an extension of up to 180
calendar days from the due date, as extended, or until January 11, 2011,
to regain compliance. As previously announced in the Company's Form 6-K
filed on July 15, 2010, this non-compliance resulted from the Company's
inability to publish its audited consolidated financial statements for
the year ended December 31, 2009 by the due date, as extended, of
July 15, 2010.
NASDAQ's Staff Deficiency Letter requests the Company to provide a
specific plan and timetable to achieve compliance with the Rules for
continued listing on The NASDAQ Global Stock Market.
This announcement is being made in compliance with NASDAQ Listing Rule
5810(b), which requires prompt disclosure of receipt of the NASDAQ
Staff Deficiency Letter.
About Tongxin International Ltd.
Tongxin International Ltd., the largest independent supplier of EVBS in
China, is capable of providing EVBS for both the commercial truck and
light vehicle market segments. The Company also designs, fabricates and
tests dies used in the vehicle body structure manufacturing process.
EVBS consists of exterior body panels including doors, floor pans, hoods,
side panels and fenders. Tongxin maintains a network of 130 customers
throughout 20 provinces in China. Headquartered in Changsha, Tongxin
also maintains regional manufacturing in Dali, Ziyang and Zhucheng.
FORWARD LOOKING STATEMENTS
Statements contained in this press release, which are not historical fact,
constitute "Forward-Looking Statements." Actual results may differ
materially due to numerous important factors that are described in Tongxin
International's most recent report to the SEC on Form 6-K, which may be
revised or supplemented in subsequent reports to the SEC. Such factors
include, among others, the cost and timing of implementing restructuring
actions, the Company's ability to generate cost savings or manufacturing
efficiencies to offset or exceed contractually or competitively required
price reductions or price reductions to obtain new business, conditions
in the automotive industry, and certain global and regional economic
conditions. Tongxin International does not intend or assume any obligation
to update any forward-looking statement to reflect events or circumstances
after the date of this press release.
For more information, please contact:
COMPANY:
Mr. Rudy Wilson, CEO
Tel: 248-593-8330
Email:rudy@txicint.com
Ms. Jackie Chang, CFO
Tel: 626-660-7117
China:+86-13467553808
Email:jackie@txicint.com
Web: www.txicint.com