-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G/Cbx4EVrVtuUSz1aTX4pEmKnBULaMTVc/5xaIDUAE5viAN+qlzs7uM1SDmbChtV 29OjXWF+apQWu1vuFnXEQQ== 0001019687-08-005550.txt : 20081219 0001019687-08-005550.hdr.sgml : 20081219 20081219160453 ACCESSION NUMBER: 0001019687-08-005550 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081215 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081219 DATE AS OF CHANGE: 20081219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ILINC COMMUNICATIONS INC CENTRAL INDEX KEY: 0001042291 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 760545043 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13725 FILM NUMBER: 081261210 BUSINESS ADDRESS: STREET 1: 2999 NORTH 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 BUSINESS PHONE: 6029521200 MAIL ADDRESS: STREET 1: 2999 N 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 FORMER COMPANY: FORMER CONFORMED NAME: EDT LEARNING INC DATE OF NAME CHANGE: 20010814 FORMER COMPANY: FORMER CONFORMED NAME: E-DENTIST COM INC DATE OF NAME CHANGE: 20001114 FORMER COMPANY: FORMER CONFORMED NAME: PENTEGRA DENTAL GROUP INC DATE OF NAME CHANGE: 19970822 8-K 1 ilinc_8k-121508.txt CURRENT REPORT ON FORM 8-K ================================================================================ UNITED STATES 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 of 1934 Date of Report (Date of earliest event reported): December 15, 2008 -------------- ILINC COMMUNICATIONS, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 1-13725 76-0545043 (STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 2999 NORTH 44TH STREET, SUITE 650, PHOENIX, ARIZONA 85018 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) (602) 952-1200 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) -------------- 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: [ ] 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 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING. On December 15, 2008, iLinc Communications, Inc. (the "Company") received notice ("Notice") from the NYSE Alternext Staff (the "Exchange") indicating that the Company is below certain of the Exchange's continued listing standards as set forth in the Exchange's Company Guide (the "Company Guide"). The Notice indicated that the Company is not in compliance with Section 1003(a)(ii) of the Company Guide with stockholders' equity of less than $4,000,000 and losses from continuing operations and net losses in three out of its four most recent fiscal years. In the Notice, the Exchange has deemed it appropriate pursuant to Section 1003(f)(v) that the Company effect a reverse stock split to address the low stock price. Pursuant to the Company Guide, the Company was afforded the opportunity to submit a plan of compliance (the "Plan") to the Exchange by January 14, 2009 that demonstrated the Company's ability to regain compliance with the listing rules of the Exchange by June 15, 2010. If the Company does not submit a Plan to the Exchange, or if the Exchange does not ultimately accept the Plan, then the Company will be subject to delisting procedures as mandated by the Company Guide. The Company is investigating all options available to it. On December 19, 2008, the Company issued a press release regarding the Notice, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. The following exhibit is filed herewith: EXHIBIT DESCRIPTION NUMBER 99.1 Press release dated December 19, 2008 issued by iLinc Communications, Inc. Filed herewith. SIGNATURE 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. iLINC COMMUNICATIONS, INC. By: /s/ James M. Powers, Jr. ----------------------------- President and Chief Executive Officer Date: December 19, 2008 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION OF EXHIBITS 99.1 Copy of press release issued by iLinc Communications, Inc. on December 19, 2008. EX-99.1 2 ilinc_8k-ex9901.txt EXHIBIT 99,1 Exhibit 99.1 ILINC RECEIVES CONTINUED LISTING NOTICE PHOENIX, Arizona (December 19, 2008) - iLinc (AMEX:ILC), a leader in web conferencing, desktop video conferencing software received notification from the staff of the NYSE Alternext on December 15, 2008 that iLinc did not meet certain of the Exchange's continued listing standards. The notice indicated that the company is not in compliance with Section 1003(a)(ii) of the Exchange's listing standards since it had stockholders' equity of less than $4,000,000 and losses from continuing operations in three out of its four most recent fiscal years. In the notice, the Exchange has deemed it appropriate that the company effect a reverse stock split to address its low stock price. Pursuant to the listing rules, iLinc is afforded the opportunity to submit a plan of compliance to the Exchange by January 14, 2009 that demonstrates its ability to regain compliance by June 15, 2010. If the Company does not submit a plan or if the Exchange does not accept the plan, then the company will be subject to delisting procedures. The Company is investigating all options available to it. James M. Powers, Jr., President and Chief Executive Officer of iLinc, said, "As many know, the American Stock Exchange merged with the New York Stock Exchange and is now called the NYSE Alternext. So with receipt of the notice from NYSE Alternext, we think it is appropriate to pause and consider all options available to iLinc in light of current stock market conditions. For some time now, iLinc has traded below what we consider its true value, and recent overall stock market conditions have exacerbated that condition," continued Dr. Powers. "We continue to see increasing demand for our web and video conferencing software, and see continued growth with our new SaaS subscription model. We want to remain well-positioned to capitalize on iLinc's true value for the benefit of our shareholders and employees alike.," concluded Dr. Powers. ABOUT ILINC COMMUNICATIONS, INC. iLinc, a recognized leader in web conferencing, desktop video conferencing software and collaboration solutions, aims to revolutionize the way organizations meet and communicate. Through its software and services, iLinc liberates people by enabling them to get more done, travel less, achieve work-life balance while preserving the environment. iLinc offers the only enterprise-class web and video conferencing software that allows customers to choose between a software-as-a-service (SaaS) rental model or a traditional software purchase model, in combination with hosting by iLinc or on-premise installation. iLinc is headquartered in Phoenix, Arizona. For more visit WWW.ILINC.COM/INVESTORS. THIS PRESS RELEASE CONTAINS INFORMATION THAT CONSTITUTES FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ANY SUCH FORWARD-LOOKING STATEMENTS INVOLVE RISK AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS DESCRIBED WITHIN THE FORWARD-LOOKING STATEMENTS. FACTORS THAT COULD CONTRIBUTE TO SUCH DIFFERENCES ARE DISCLOSED IN THE COMPANY'S ANNUAL REPORT ON FORM 10-K, QUARTERLY REPORTS ON FORM 10-Q, AND OTHER REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE FORWARD-LOOKING INFORMATION PROVIDED HEREIN REPRESENTS THE COMPANY'S ESTIMATES AND EXPECTATIONS AS OF THE DATE OF THE PRESS RELEASE, AND SUBSEQUENT EVENTS AND DEVELOPMENTS MAY CAUSE THE COMPANY'S ESTIMATES AND EXPECTATIONS TO CHANGE. THE COMPANY SPECIFICALLY DISCLAIMS ANY OBLIGATION TO UPDATE THE FORWARD-LOOKING INFORMATION IN THE FUTURE. THEREFORE, THIS FORWARD-LOOKING INFORMATION SHOULD NOT BE RELIED UPON AS REPRESENTING THE COMPANY'S ESTIMATES AND EXPECTATIONS OF ITS FUTURE FINANCIAL PERFORMANCE AS OF ANY DATE SUBSEQUENT TO THE DATE OF THIS PRESS RELEASE. -----END PRIVACY-ENHANCED MESSAGE-----