SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 12(g) and Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 15, 1998
TECH ELECTRO INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Texas 0-27210 75-2408297
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(State or other (Commission File No.) (IRS Employer ID No.)
jurisdiction of incorporation)
2941 Main Street, Suite 300-B, Santa Monica, California 90405
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (310) 396-1782
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Item 5. Other Events
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On October 15, 1998, Tech Electro Industries, Inc. (the "Company")
received a letter from the Nasdaq Stock Market ("Nasdaq") informing the Company
of Nasdaq's decision to delist the Company from The Nasdaq SmallCap Market,
effective with the close of business on Wednesday, October 21, 1998, based on
purported non-compliance with the Nasdaq net tangible asset requirement of
$2,000,000.
The Company believes that it is and has been in compliance with all
Nasdaq listing requirements, and on October 19, 1998, the Company submitted to
Nasdaq a request for an oral hearing to contest the delisting decision.
Nasdaq's decision to delist the Company has been stayed, pending the oral
hearing.
Item 7. Financial Statements and Exhibits
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(a) Financial Statements
None
(c) Exhibits
10.1 The Company's Quarterly Report on Form 10-QSB for the
quarter ended June 30, 1998, incorporated herein by this
reference.
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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.
TECH ELECTRO INDUSTRIES, INC.
Date: October 23, 1998 /s/ David Kaye
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David Kaye
Chief Financial Officer
