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ATC Healthcare Inc. (AMEX: AHN) said it received two letters from the American Stock Exchange saying it was out of compliance with listing requirements. The first letter, received Oct. 24, said the company had not filed its quarterly report for its quarter ended Aug. 31. The second letter, received Oct. 26, said the company's board didn't have a majority of independent directors as required.
ATC said it plans to file its quarterly results by Nov. 22. And it said it will appoint an independent board member by Jan. 24. The board lost its majority of independent board members when Bernard Firestone resigned due to a potential conflict of interest.