NASD Notice
April 30 2007 - 2:09PM
UK Regulatory
RNS Number:8291V
Elcom International Inc
30 April 2007
Elcom International Inc. (the "Company")
NASD notice re late filing
On April 26, 2007, the Company received notice from the NASD that it was in
violation of NASD Rule 6530 as a result of its failure to file its Annual Report
on Form 10-KSB for the period ended December 31, 2006 with the Securities and
Exchange Commission within the prescribed time period, and if such delinquency
was not cured by 5:30 p.m. Eastern Daylight Saving Time on May 18, 2007, the
Company's stock would not be eligible for quotation on the OTC Bulletin Board
(the "OTCBB") and would thereafter be removed from the OTCBB. The Company has
been unable to file its 10-KSB because it is working with its auditors to
resolve several accounting issues. The Company continues to diligently work with
its independent auditors to resolve this issue and file its 10-KSB in a timely
fashion to comply with the NASD grace period, but due to the uncertainty
surrounding the issues, the Company is unable to predict the exact timing of the
resolution.
30 April 2007
This information is provided by RNS
The company news service from the London Stock Exchange
END
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