-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BiW2yLjmg4D7zz5YK1tDNEjz5Ze6Ne7ou70o6Vp5sBubVRubMAKu3sELMDKzGf0l swBrNwFlpmkgiequ6PWzGA== 0000930413-01-000622.txt : 20010315 0000930413-01-000622.hdr.sgml : 20010315 ACCESSION NUMBER: 0000930413-01-000622 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010312 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUDIO VISUAL SERVICES CORP CENTRAL INDEX KEY: 0001005015 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 133466655 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14234 FILM NUMBER: 1568459 BUSINESS ADDRESS: STREET 1: 111 WEST OCEAN BLVD STREET 2: SUITE 1110 CITY: LONG BEACH STATE: CA ZIP: 90802 BUSINESS PHONE: 5623660620 MAIL ADDRESS: STREET 1: 111 WEST OCEAN BLVD STREET 2: SUITE 1110 CITY: LONG BEACH STATE: CA ZIP: 90802 8-K 1 0001.txt FORM 8-K 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 March 12, 2001 Date of Report (Date of earliest event reported) AUDIO VISUAL SERVICES CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 1-14234 13-3466655 (State or other jurisdication of (Commission file number) (I.R.S. Employer Identification No.) incorporation or organization)
111 WEST OCEAN BOULEVARD, SUITE 1110, LONG BEACH, CALIFORNIA 90802 (Address of principal executive offices) (Zip code) (562) 366-0620 (Registrant's telephone number, including area code) NOT APPLICABLE (Former name or former address if changed since last report.) 1 INFORMATION TO BE INCLUDED IN THE REPORT Item 5. Other Events. On March 12, 2001, Audio Visual Services Corporation (the "Company") announced that it advised the New York Stock Exchange ("NYSE") that the Company will move the listing of its common stock from the NYSE to the OTC Bulletin Board. The Company anticipates that the last day of trading on the NYSE will be March 16, 2001 and that trading will commence on the OTC Bulletin Board on March 19, 2001. Once the listing has officially moved to the OTC Bulletin Board, a new trading symbol will be assigned to and announced by the Company. Item 7. Exhibits Exhibit 1 Press release issued by the Company on March 12, 2001. SIGNATURE 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. AUDIO VISUAL SERVICES CORPORATION By: /s/ Digby J. Davies - ------------------------ President, Chief Operating Officer, Acting Chief Financial Officer and Director Date: March 14, 2001 2 EX-1 2 0002.txt PRESS RELEASE EXHIBIT 1 FOR IMMEDIATE RELEASE AUDIO VISUAL SERVICES CORPORATION ANNOUNCES MOVE FROM NYSE TO THE OTC BULLETIN BOARD Long Beach, California, March 12, 2001 - Audio Visual Services Corporation(TM) (AVC: NYSE) today announced that it has advised the New York Stock Exchange (NYSE) that it will move the listing of its common stock from the NYSE to the OTC Bulletin Board. The Company anticipates that the last day of trading on the NYSE will be March 16, 2001 and that trading on the OTC Bulletin Board will commence March 19, 2001. A new trading symbol will be assigned and announced once the listing has officially moved to the OTC Bulletin Board. This announcement follows several months of discussions with representatives from the NYSE concerning the Company's continued listing on the NYSE. In spring and summer, 2000, the Company received notices from the NYSE that it fell below certain of the NYSE's continued listing criteria. In response to the notices from the NYSE, the Company submitted a business plan to the NYSE demonstrating the Company's ability to comply with the continued listing criteria by the November 2001 deadline set by the NYSE, and in late summer, 2000, the Company announced that the NYSE had accepted the Company's business plan, subject to the Company's meeting certain interim objectives outlined in the business plan. The Company believes that attempting to meet the future interim objectives outlined in the business plan may not be in the best interests of the Company. Commenting on the announcement, Robert K. Ellis, Chairman and Chief Executive Officer of the Company stated, "The Company continues to focus on improving the operational performance of its businesses and strengthening its overall competitive position. We believe the progress being made in these areas would be inhibited by the constraints associated with retaining the NYSE listing. We have appreciated the opportunity to have had our stock traded on the New York Stock Exchange, however, we believe it would be in the best interest of the Company and its shareholders to move to the OTC Bulletin Board at this time." Audio Visual Services Corporation is a leading provider of audiovisual equipment rentals, staging services and related technical support services to hotels, event production companies, trade associations, convention centers and corporations in the United States. In addition to its United States operations, the Company has operations in Canada, Mexico, the United Kingdom, Belgium, Brazil and the Caribbean. -continued- Certain statements contained herein may be deemed to be forward-looking statements as defined in the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods or plans for future periods to differ materially from what is currently anticipated. Those risks include, among others, general competitive factors, the Company's ability to continue operational improvements in its businesses, the Company's ability to comply with the terms of its bank credit agreements, the seasonality and episodic nature of the Company's business, the resolution of the shareholder class action lawsuit currently pending against the Company and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. Other factors and assumptions not identified above were also involved in the derivation of these forward-looking statements, and the failure of such other assumptions to be realized, as well as other factors, may also cause actual results to differ materially from those projected. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements. # # # For further information, contact: Digby J. Davies Mike Smargiassi President and COO Brainerd Communicators, Inc. Audio Visual Services Corporation 212-986-6667 562-366-0620 -----END PRIVACY-ENHANCED MESSAGE-----