Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date
of
Report (Date of earliest reported): May 17, 2007
EMVELCO
CORP.
(Exact
name of registrant as specified in charter)
|
Delaware
|
001-12000
|
13-3696015
|
|
(State
or other jurisdiction
|
(Commission
|
(IRS
Employer
|
|
of
incorporation)
|
File
Number)
|
Identification
No.)
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468
N.
Camden Drive, Suite 315, Beverly Hills, CA 90210
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (310) 285-5350
Copies
to:
Gregory
Sichenzia, Esq.
Stephen
M. Fleming, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway
New
York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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 (see General Instructions A.2. below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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.
On
May
17, 2007, EMVELCO Corp (the “Company”) received a Nasdaq Additional Staff
Determination (the “Additional Determination”) indicating that the Company has
failed to comply with the requirement for continued listing set forth in
Marketplace Rule 4310(c)(14) requiring the Company to file its Form 10-QSB
for
the quarter ended March 31, 2007 with the Securities and Exchange Commission
(the “SEC”) and that that this failure serves as an additional basis for why its
securities are subject to delisting from the Nasdaq Capital Market. As the
Company disclosed in its Form 8-K filed on April 23, 2007, on April 19, 2007,
the Company received a Nasdaq Staff Determination (the “Determination”)
indicating that the Company has failed to comply with the requirement for
continued listing set forth in Marketplace Rule 4310(c)(14) requiring the
Company to file its Form 10-KSB for the year ended December 31, 2006 with the
SEC and that its securities are, therefore, subject to delisting from the Nasdaq
Capital Market. The Company requested and received a hearing before a Nasdaq
Listing Qualifications Panel (the “Panel”) to review the Determination. The
Company’s Panel hearing will take place on May 31, 2007. The Additional
Determination will be reviewed at the Panel hearing as well. There can be no
assurance that the Panel will grant the Company’s request for continued listing.
A
copy of
the press release announcing the receipt of the Nasdaq notice is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
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Exhibit
Number
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|
Description
|
| |
|
|
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99.1
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Press
release issued by EMVELCO Corp. on May 18, 2007 (Filed
herewith)
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act 1934, the registrant has
duly
caused this report to be signed on its behalf by the undersigned, thereunto
duly
authorized.
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EMVELCO
CORP.
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| |
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| |
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By:
/s/ YOSSI
ATTIA
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| |
Name: Yossi Attia
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| |
Title: Chief Executive Officer
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| |
Beverly
Hills, California
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