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UNITED STATES
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) June 28, 1996
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INTEGRATED COMMUNICATION NETWORK, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-26294 65-0348857
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(State of (Commission (IRS Employer
incorporation) File Number) ID No.)
444 Brickell Avenue
Suite 900
Miami, FL 33131
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (305) 530-0200
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
NASDAQ delisting. See attached press release.
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STERN & CO.
MEDIA COMMUNICATIONS - INVESTOR RELATIONS
215 Park Avenue South, New York, NY 10003
Tel: (212) 777-7722 Fax: (212) 777-9025
World Wide Web: http://sternco.com/sternco.html
FOR: INTEGRATED COMMUNICATION NETWORK, INC.
444 Brickell Avenue, Suite 900
Miami, FL 33131
Contact: David Greenberg - CEO
(305) 530-0200
DRAFT FOR RELEASE
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From: STERN & CO. Contact: Jeffrey Goldberger
215 Park Avenue South (212) 777-7722
New York, New York 10003
INTEGRATED COMMUNICATION ANNOUNCES
NASDAQ COMMON STOCK DELISTING
STOCK TO TRADE ON THE OTC - BULLETIN BOARD
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MIAMI, FL, June 28, 1996 -- Integrated Communication Network, Inc. (NASDAQ NMS:
ICNI) announced today, effective immediately, that its common stock has been
delisted from the Nasdaq Market. The Nasdaq Listing Qualifications Committee
determined that the Company is out of compliance with respect to the net
tangible asset requirement. The Company's stock will be immediately eligible
for listing on the OTC - Bulletin Board. The Company plans to appeal the
Committee's determination to the Nasdaq Hearing Review Committee and is hopeful
that it will meet the net tangible asset requirements at the time of the appeal
and be relisted on Nasdaq.
According to Integrated Communication CEO, David Greenberg, "We hope to secure
additional financing in the near term which should result in relisting on
Nasdaq, although there can be no assurances in this regard." He added, "It is
important to understand that Integrated Communication has successful programs
currently airing in both Canada and the United States." Mr. Greenberg
concluded, "The recently announced acquisition in Mexico should greatly aid us
in our efforts to become a dominant force in the global Hispanic
direct-response market."
ICNI is a direct response marketing company which produces infomercials and
commercials in Spanish, English and French for consumers in the United States
and Canada. ICNI is currently airing a number of infomercials and commercials
in the US and Canada.
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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.
INTEGRATED COMMUNICATION NETWORK, INC.
By: /s/ Donald F. Mann
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Donald F. Mann
Chief Financial Officer
Date: July 8, 1996
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