American Telecom Services Receives Notice From American Stock Exchange
31 January 2008 - 11:00PM
Marketwired
ATLANTA, GA , a provider of converged communications solutions,
today announced the company has received notification from the
American Stock Exchange of their intention to commence delisting
procedures citing the company's failure to comply with reporting
requirements and other financial conditions. The company
subsequently submitted a plan of compliance with the American Stock
Exchange and intends to appeal the proposed delisting. American
Telecom Services, Inc. has filed additional information concerning
this matter on Form 8-K with the Securities and Exchange
Commission.
About American Telecom Services
American Telecom Services, a leader in converged communications
solutions, provides consumers with "Good Reasons to Pick-Up the
Phone." American Telecom Services combines new Interference Free
DECT 6.0 feature rich telephones bundled with a variety of pre-paid
long distance and Voice over Internet Protocol (VoIP or Internet
Phone) calling plans designed to save consumers up to 60% on their
telecom service costs. The Company offers the only prepaid home
phones bundled with Pay N' Talk prepaid residential long-distance
services powered by IDT Telecom (patent-pending) and is the only
provider of DigitalClear(TM) Internet phones that include an
adapter and router built right into the base of the cordless phones
(patent-pending); Just "Plug In & Save!" The DigitalClear
product line offers consumers the opportunity to save up to $500 on
their phone services using phones bundled with VoIP services.
Consumers who do not possess high-speed Internet service at home
can purchase the service with the only "ONE Box Solution" offered
with all DigitalClear products. American Telecom Service's products
are available nationally at thousands of retail locations. Visit
http://www.atsphone.com for Company and product information.
Any statements in this press release that are not historical
facts are forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. In some
cases, you can identify those forward-looking statements by words
such as "may," "will," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential," or "continue" or
the negative of those words and some other comparable words. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from
historical results or those the Company anticipates. Factors that
could cause actual results to differ from those contained in the
forward-looking statement include, but are not limited to, those
risks and uncertainties described in the Company's filings with the
Securities and Exchange Commission. Statements included in this
press release are based upon information known to the Company as of
the date of this press release, and the Company assumes no
obligation to (and expressly disclaims any such obligation to)
publicly update or alter its forward-looking statements made in
this press release, whether as a result of new information, future
events or otherwise, except as otherwise required by applicable
federal securities laws.
Contact: Joe Noel (925) 922-2560 Email Contact
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