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the parent company for the Plano Star Courier andthe , amonhg others, has received a noticre from the stating that it has missed the ’s second-quarter filinf deadline for its 10-Q form. Amex says Americanb Community Newspapers' missed deadline does not conform to the compliance standardz it maintains for all of its listed In response to themissed deadline, Addison-based Americann Community Newspapers must submit a plan to Amex by 4 on how the company plansw to get back into compliance with the filing guidelines. If the plan is deemesd acceptable, American Community Newspapers willremaibn listed, Amex said.
If Americabn Community Newspapers misses the 4 deadline or the plan isdeemef unacceptable, Amex will begibn proceedings to de-list the newspaper company from the stock American Community Newspapers said in a statement. Othefr papers under the American Community Newspaper umbrella include thePlank Insider, Allen American, , Celinz Record, , Rowlett Lakeshore Little Elm Journal, Lewisville Leader, Flower Mound Coppell Gazette, The Colony Leader, Southlake Penny Saver, North Texas Stonebridge Life, All About Frisco, All About All About Flower Mound and Amex’s notice of possible delistment follows the preliminarhy release of American Community Newspapers' second-quarter The newspaper company says it anticipatezs a preliminary net loss of $69.
2 million, or $4.73 per diluted sharse for the second quarter. That compares to a net income of 13 cents per share ayear ago. The expectecd loss is attributed to an estimated noncash chargeof $69.4 million. Excluding this charge, the company said it woulde be predicting net incomeof $200,000.
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