[Federal Register Volume 70, Number 142 (Tuesday, July 26, 2005)]
[Notices]
[Pages 43202-43203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-3970]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of Puradyn Filter 
Technologies Incorporated to Withdraw Its Common Stock, $.001 Par 
Value, From Listing and Registration on the American Stock Exchange LLC 
File No. 1-11991

July 20, 2005.
    On June 27, 2005, Puradyn Filter Technologies Incorporated, a 
Delaware corporation (``Issuer''), filed an application with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') \1\ and 
Rule 12d2-2(d) thereunder,\2\ to withdraw its Common Stock, $.001 par 
value (``Security''), from listing and registration on the American 
Stock Exchange LLC (``Amex'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Board of Directors (``Board'') of the Issuer approved a 
resolution on June 24, 2005 to withdraw the Security from listing on 
Amex. The Issuer stated that the following reasons factored into the 
Board's decision to withdraw the Security: (i) The Issuer will not be 
able to obtain timely compliance with Amex's ongoing financial 
compliance standards; (ii) the ongoing costs of compliance with Amex's 
requirements, including provisions of the Sarbanes-Oxley Act of 2002 as 
they apply to exchange listed companies; and (iii) in order to secure 
additional capital and maintain compliance with the Amex's listing 
criteria, the Issuer would be required to either limit the amount of 
financing it is undertaking and the participation by management in such 
financing or to incur additional costs and defer receipt of such 
financing pending stockholder approval.
    The Issuer stated in its application that it has met the 
requirements of Amex Rule 18 by complying with all applicable laws in 
effect in the state of Delaware, in which it is incorporated, and by 
providing written notice of withdrawal to Amex.
    The Issuer's application relates solely to the withdrawal of the 
Securities from listing on Amex and from registration under Section 
12(b) of the Act \3\ shall not affect its obligation to be registered 
under Section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 781(b).
    \4\ 15 U.S.C. 781(g).
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    Any interested person may, on or before August 12, 2005, comment on 
the facts bearing upon whether the application has been made in

[[Page 43203]]

accordance with the rules of Amex, and what terms, if any, should be 
imposed by the Commission for the protection of investors. All comment 
letters may be submitted by either of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/delist.shtml); or
     Send an e-mail to [email protected]. Please include 
the File Number 1-11991 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-9303.
    All submissions should refer to File Number 1-11991. This file 
number should be included on the subject line if e-mail is used. To 
help us process and review your comments more efficiently, please use 
only one method. The Commission will post all comments on the 
Commission's Internet Web site (http://www.sec.gov/rules/delist.shtml). 
Comments are also available for public inspection and copying in the 
Commission's Public Reference Room. All comments received will be 
posted without change; we do not edit personal identifying information 
from submissions. You should submit only information that you wish to 
make available publicly.
    The Commission, based on the information submitted to it, will 
issue an order granting the application after the date mentioned above, 
unless the Commission determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
Jonathan G. Katz,
Secretary.
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    \5\ 17 CFR 200.30-3(a)(1).
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[FR Doc. E5-3970 Filed 7-25-05; 8:45 am]
BILLING CODE 8010-01-P