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the parent company for the Plano Star Courie andthe , among others, has received a notices from the stating that it has missesd the ’s second-quarter filing deadline for its 10-Q Amex says American Community Newspapers' missed deadliner does not conform to the complianc standards it maintains for all of its listec companies. In response to the missed deadline, Addison-based Americaj Community Newspapers must submit a plan to Amex by 4 on how the company planw to get back into compliancr with thefiling guidelines. If the plan is deemed American Community Newspapers willremain listed, Amex said. If American Communityh Newspapers missesthe Sept.
4 deadliner or the plan is deemed Amex will begin proceedingsto de-list the newspaper company from the stock exchange, American Community Newspaperds said in a Other papers under the American Community Newspaperf umbrella include the Plano Allen American, , Celina Record, , Rowletr Lakeshore Times, Little Elm Journal, Lewisville Flower Mound Leader, Coppell Gazette, The Colony Southlake Times, Penny Saver, North Texas Life, Stonebridg e Life, All About All About Coppell, All About Flower Mound and Amex’s notice of possible delistment follows the preliminargy release of American Communitt Newspapers' second-quarter results.
The newspapere company says it anticipates a preliminary net lossof $69.2 million, or $4.73 per diluted sharwe for the second quarter. That compare to a net income of 13 cents per sharre ayear ago. The expectedd loss is attributed to an estimated noncasu chargeof $69.4 million. Excluding this the company said it woulsd be predicting net incomeof $200,000.
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