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

Date of Report (Date of earliest event reported): September 28, 2009

CALL NOW, INC.

(Exact name of registrant as specified in its charter)

NEVADA
(State or other
jurisdiction of
incorporation) 0-27160
(Commission File Number) 65-0337175
(IRS Employer
Identification No.

1 Retama Parkway
Selma, Texas 78154
(Address of principal executive offices) (Zip Code)

(210) 651-7145
Registrant’s telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12(b))

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

The Company received a margin call letter on September 28, 2009 from Penson Financial Services notifying the Company that it needs to deposit $5,300,000 in additional margin into its margin loan account with Penson by September 30, 2009. This arose from a recent examination of Penson by the Financial Industry Regulatory Authority which determined for margin account purposes the Retama Development Corporation Series B Bonds should require a 100% margin requirement effectively making these securities non-marginable.

SIGNATURES

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.

	CALL NOW INC.
Date: September 29, 2009	By:	/s/ Thomas R Johnson
		Thomas R. Johnson, President