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): June 12, 2007
EMVELCO
CORP.
(Exact
name of registrant as specified in charter)
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Delaware
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001-12000
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13-3696015
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(State
or other jurisdiction of
incorporation)
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(Commission
File
Number)
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(IRS
Employer Identification
No.)
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468
N. Camden Drive, Suite 315, Beverly Hills, CA 90210
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(Address
of principal executive offices) (Zip Code)
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Registrant's
telephone number, including area code: (310)
285-5350
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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):
/_/
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
8.01 Other Events.
On
June
12, 2007, Emvelco Corp. (the “Company”) received a decision letter from The
NASDAQ Stock Market LLC (“NASDAQ”) informing the Company that it has regained
compliance with the filing requirement of The Nasdaq Capital Market. The
decision letter noted, among other things, that the Company became current
in
its filings shortly after the Company’s May 31, 2007 hearing before a NASDAQ
Listing Qualifications Panel (the “Panel”), on June 5, 2007; that the Panel was
satisfied with the Company’s responses to the Panel’s questions related to
disclosures by the Company’s former auditors; and that the Company’s new
auditors issued an unqualified opinion on the Company’s 2006 financial
statements.
As
the
Company disclosed in its Form 8-K filed on April 23, 2007, on April 17, 2007,
the Company received a NASDAQ Staff Determination (the “Determination”)
indicating that the Company failed to comply with the requirement for continued
listing set forth in Marketplace Rule 4310(c)(14), requiring the Company to
timely file its Form 10-KSB for the year ended December 31, 2006 with the
Securities and Exchange Commission (“SEC”) and that its securities were,
therefore, subject to delisting from The Nasdaq Capital Market. The Company
requested and received a hearing before the Panel to review the Determination.
As
the
Company disclosed in its Form 8-K filed on May 18, 2007, on May 17, 2007, the
Company received a NASDAQ Additional Staff Determination (the “Additional
Determination”) indicating that the Company failed to comply with the
requirement for continued listing set forth in Marketplace Rule 4310(c)(14),
requiring the Company to timely file its Form 10-QSB for the quarter ended
March
31, 2007 with the SEC and that this failure could serve as an additional basis
for the delisting of the Company’s securities from The Nasdaq Capital Market.
The Company addressed the Additional Determination at the Company’s Panel
hearing and this matter is now closed.
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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By: |
/s/ YOSSI
ATTIA |
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Yossi
Attia
Chief Executive
Officer
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Date: June
13,
2007
Beverly
Hills, California