SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): October 10, 1997
US WATS, INC.
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(Exact name of Registrant as Specified in its Charter)
0-22944
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(Commission File Number)
New York 22-3055962
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(State of Other Jurisdiction of (IRS Employer Identification
Incorporation) Number)
111 Presidential Boulevard
Suite 114
Bala Cynwyd, Pennsylvania 19004
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(Address, including zip code, of Registrant's Principal Executive Offices)
(610) 660-0100
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(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
The Company has been informed by the NASDAQ Stock Market, Inc. that
it does not meet the captial and surplus requirements for the continued
inclusion of the Company's shares on The NASDAQ SmallCap Market, and that its
shares are to be delisted. The Company has filed a request with The NASDAQ
Stock Market that its shares continue to be listed on The NASDAQ SmallCap
Market. A hearing on the Company's request has been scheduled for November 6,
1997. The NASDAQ Stock Market has advised the Company that the delisting of the
Company's shares will be stayed through the hearing date. The Company does not
know whether the hearing panel will approve the continued listing of the
Company's shares on The NASDAQ SmallCap Market beyond the hearing date.
SIGNATURE
Pursant to the requirements of the Sceurities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
US WATS, INC.
By:/s/ Stephen J. Parker
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Stephen J. Parker
Chairman and Chief Executive Officer
By:/s/ Christopher J. Shannon
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Christopher J. Shannon
Chief Financial Officer
Date: October 10, 1997
