SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act 1934
Date of Report (Date of earliest event reported): July 31, 2006
City Network, Inc.
(Exact name of registrant as specified in charter)
Nevada
(State or other jurisdiction of incorporation)
001-31954 98-0467944
(Commission File Number) (IRS Employer Identification No.)
2F-1, No. 16, Jian Ba Road, Jhonghe City
Taipei County, 235, Taiwan, ROC N/A
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 011-886-2-8226-5566
ITEMS 3.01. NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE
OR STANDARD; TRANSFER OF LISTING.
On July 31, 2006, City Network, Inc. received a notice from The American
Stock Exchange advising that the registrant's common stock may not be suitable
for auction market trading as a result of its low trading prices over the last
52 weeks, and that, in accordance with Section 1003(f)(v) of the Amex Company
Guide, the Exchange deems it appropriate for the registrant, within a reasonable
amount of time, to effect a reverse split of its shares to address the matter.
Otherwise, the Exchange may determine that the registrant's shares do not meet
requirements for continued listing and commence proceedings to delist them.
The registrant is currently considering the necessary procedures to effect
a reverse stock split to meet the requirements of the Amex Company Guide.
The registrant's common stock continues to trade on the Exchange.
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 hereunto duly authorized.
CITY NETWORK, INC.
By: /s/ Alice Chen
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Name: Alice Chen
Title: Chairman and Chief Executive Officer
Dated: August 15, 2006