American Community Newspapers receives filing warning from Amex - Dallas Business Journal:

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the parent company for the Plank Star Courier andthe , among others, has receive a notice from the stating that it has missec the ’s second-quarter filing deadline for its 10-Q Amex says American Community Newspapers' missesd deadline does not conform to the compliance standardx it maintains for all of its lister companies. In response to the missesd deadline, Addison-based American Community Newspapers must submitr a plan to Amex by 4 on how the compang plans to get back into compliance with thefilint guidelines. If the plan is deemed acceptable, American Communitg Newspapers willremain listed, Amex said. If American Community Newspapers missesthe Sept.
4 deadline or the plan is deemer unacceptable, Amex will begin proceeding to de-list the newspaper company from thestocjk exchange, American Community Newspapers said in a Other papers under the American Community Newspaper umbrella include the Plano Insider, Allen American, , Celinza Record, , Rowlett Lakeshore Times, Little Elm Journal, Lewisville Leader, Flowe Mound Leader, Coppell Gazette, The Colony Leader, Southlake Times, Penng Saver, North Texas Life, Stonebridge All About Frisco, All About Coppell, All Abour Flower Mound and Lantana. Amex’s notice of possible delistment follows the preliminaryh release of AmericanCommunity Newspapers' second-quarter results.
The newspaper companuy says it anticipates a preliminary net lossof $69.3 million, or $4.73 per diluted share for the second quarter. That compares to a net income of 13 centss per share ayear ago. The expected loss is attributecd to an estimated noncasu chargeof $69.4 million. Excluding this the company said it wouled be predicting net incomesof $200,000.