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) JANUARY 12, 1998
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ENSEC INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
FLORIDA 0-21361 65-0654330
(State or other jurisdiction (Commission File (IRS Employer
or incorporation) Number) Identification No.)
751 PARK OF COMMERCE DRIVE, SUITE 104, BOCA RATON,
FLORIDA 33437 (Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (561) 997-2511
________________________________________________________________________________
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
The Company received a letter from the Listing Qualifications
department of The Nasdaq Stock Market, Inc. regarding the continued listing of
the Company's common stock on The Nasdaq SmallCap Market. Based upon a review by
the staff, the Company's common stock has failed to maintain Nasdaq listing
requirements for 10 consecutive trade dates. The Company has until April 13,
1998 in which to regain compliance with the minimum bid price of at least $1.00
or in the alternative maintain capital and surplus of $2,000,000 and a market
value of the public float of $1,000,000. The Company must maintain minimum
listing requirements for 10 consecutive trading days in order to comply with
such listing requirements.
In the event the Company is unable to comply with the minimum
listing requirements, then on April 13, 1998, the Company's securities will be
subject to delisting effective with the close of business on April 13, 1998. To
stay the delisting, the Company may request a hearing by April 13, 1998.
In addition to the above requirements, the Company must also
have a minimum of two independent directors, presently, the Company only has
one.
The Company is currently evaluating its options with respect
to the matters set forth above.
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SIGNATURES
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.
ENSEC INTERNATIONAL, INC.
By: /S/ CHARLES N. FINKEL
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CHARLES N. FINKEL
Chief Executive Officer
DATED: February 2, 1998
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