ATC Venture Group Inc. (AMEX:ATC) announced that on October 5, 2012, the Company received notice from the NYSE MKT indicating that the Company no longer complies with the Exchange’s continued listing standards because the aggregate market value of its public float was less than $1.0 million for 90 consecutive days as set forth in Section 1003(b)(i)(C) of the Exchange’s Company Guide, because it has yet to file its Form 10-Q for the quarter ended June 30, 2012 as set forth in Sections 134 and 1101 of the Company Guide, and because of the low price of the Company’s common stock as set forth in Section 1003(f)(v) of the Company Guide. As a result, the Company’s securities are subject to being delisted from the Exchange. The Company intends to appeal this determination and request a hearing before a committee of the Exchange. There can be no assurance that the Company’s request for continued listing will be granted.
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