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 event reported): November 1, 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.)
|
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
Euroweb
International Corp.
(former
name or
former address, if changed since last report)
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
November 1,
2007, EMVELCO Corp (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)(4)
requiring the Company to maintain a minimum bid price of $0.80 and that its
securities are, therefore, subject to delisting from the Nasdaq Capital Market
if it does not regain compliance by April 29, 2008. If the bid price of the
Company’s common stock closes at $1.00 per share or more for a minimum of 10
consecutive business days anytime prior to April 29, 2008, then the NASDAQ
Staff
will provide written notification that it complies with the Rule.
In
the event that
the Company does not meet the minimum bid requirement by April 29, 2008 but
satisfies all initial listing criteria, the Company will be given a 180 day
extension to meet the minimum bid price. In the event that the Company does
not
meet the initial listing criteria, Nasdaq will provide the Company with written
notification that the Company’s securities will be delisted, which such
determination may be appealed by the Company.
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
|
Exhibit
Number
|
|
Description
|
| |
|
|
|
99.1
|
|
Press
release
issued by EMVELCO Corp. (Filed
herewith)
|
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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By: |
/s/
YOSSI ATTIA |
| |
Name:
Yossi Attia |
| |
Title:
Chief Executive Officer |
| |
Beverly
Hills, California
|