CabelTel Receives American Stock Exchange Letter.DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. -- CabelTel International Corporation (AMEX AMEXSee: American Stock Exchange :GBR GBR Great Britain GBR United Kingdom (ISO Country code) GBR Great Barrier Reef GBR Gesellschaft Bürgerlichen Rechts GBR Global Broadband Roaming GBR Ground-Based Radar GBR Great Bear Rainforest ) announced that on November 8, 2006, the Company received notice from the Staff of the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX) indicating that the Company is currently below certain of the Exchange's continued listing standards due to losses in two of its three most recent fiscal years with stockholders equity below $2,000,000 (by approximately $30,000), as set forth in Section 1003 of the AMEX Company guide. The Company was afforded the opportunity to submit a Plan of compliance to the Exchange which it did by September 22, 2006. On the basis of the Plan submitted by the Company, the Exchange has notified the Company that it is prepared to continue the listing of the Company's Common Stock subject to compliance with certain specified conditions and the Company being in full compliance by December 31, 2007 with all continued listing standards. |
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