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ATC Healthcare says two past reports not reliable

March 25, 2008

ATC Healthcare Inc. (OTCBB: AHNA.PK) reported its financial statements for its quarter ended May 31, 2007, and fiscal year ended February 28, 2007, should not be relied upon, according to a filing with the U.S. Securities and Exchange Commission. The company said it found accounts that were not properly reconciled, among other errors.

ATC also announced that it hired on Weiser LLP as its new public accounting firm, according to the filing. ATC previously announced the dismissal of its former accounting firm.

The company reported in an SEC filing on March 14 that its shares would be delisted from the American Stock Exchange because it hadn't yet filed quarterly reports for the quarters ended Aug. 31, 2007, and Nov. 30, 2007, and because of a low stock price.