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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: May 11, 1999
COVENTRY INDUSTRIES CORP.
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(Exact name of registrant as specified in its charter)
FLORIDA 000-22653 65-0353816
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1900 Corporate Blvd, Suite 400 East
Boca Raton, Fl 33431
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(Address of executive offices and Zip Code)
Registrant's telephone number, including area code: 561-988-2544
(not applicable)
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(Former name or former address, if changed since last report)
Item 5. Other Events
On May 10, 1999, Coventry Industries Corp. announced that effective on
the close of business on May 7, 1999 that its common stock was delisted from the
Nasdaq SmallCap Market and will begin trading on the OTC Bulletin Board. The
Company received notification on May 7, 1999 that it had lost its hearing before
the Nasdaq Listing Qualification Panel.
Reference is made to the Company's press release dated May 10, 1999
filed as Exhibit 99.1 hereto and incorporated by reference herein.
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Item 7. Financial Statements and Exhibits.
(c) Exhibits.
No. Description
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99.1 Press Release dated May 10, 1999
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.
Date: May 11, 1999 By: /s/ Robert Hausman
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Robert Hausman, President and
Chief Executive Officer
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Exhibit 99.1
Coventry Industries Delisted from Nasdaq Small Cap
To OTC Bulletin Board
BOCA RATON, FL--May 10, 1999 - Coventry Industries Corp. (OTCBB: COVN )
announced that effective on the close of business on May 7, 1999 that its common
stock was delisted from the Nasdaq SmallCap Market and will begin trading this
week on the OTC Bulletin Board. The Company received notification on May 7, 1999
that it had lost its hearing before the Nasdaq Listing Qualification Panel. The
Company has not yet decided whether to appeal the delisting.
Robert Hausman, the Company's President, stated that he had spoken with the
members of People First, LLC, the professional employee organization ("PEO")
with which the Company has a pending acquisition agreement. These members have
the right to terminate the exchange agreement due to the delisting but have
informed the Company that they have not yet determined whether to complete the
transaction or terminate the agreement. No timetable for a decision has been
made.
Mr. Hausman added that Coventry will diligently work to insure that the
Company's common stock will be quoted again on Nasdaq.
Certain of the statements contained in the press release may be deemed
forward-looking statements in accordance with the Private Litigation Reform Act
of 1996. Such statements and other matters addressed in the press release
involve a number of risks and uncertainties. Among the factors that could cause
actual plans to differ materially from these statements and other matters are
the risks and factors detailed, from time to time, in the company's reports with
the U.S. Securities and Exchange Commission.
Company Contact: Robert Hausman @ 561.988.2544
