[Federal Register Volume 66, Number 96 (Thursday, May 17, 2001)]
[Notices]
[Page 27542]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-12437]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Home Security International, Inc. Common Stock, par 
value $0.001 per share) File No. 1-14502

May 11, 2001.
    Home Security International, Inc., a Delaware corporation 
(``Issuer''), has 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, $0.001 par value 
(``Security''), from listing and registration on the American Stock 
Exchange (``Amex'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer started 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 with 
the Amex's rules governing an issuer's voluntary withdrawal of a 
security from listing and registration.
    In making the decision to withdraw the Security from listing on the 
Exchange, the Issuer considered:
    (1) The Issuer's non-compliance with the Amex maintenance standards 
concerning the price per share of the Issuer's Security ($0.12 as of 
May 1, 2001);
    (2) The Issuer's non-compliance with the Amex maintenance standards 
concerning the number of registered shareholders of the Issuer's 
Security (21 as of October 23, 2000);
    (3) The volume of trading of the Security is approximately nine 
percent (9%) of the aggregate trading volume in the Common Stock since 
1997;
    (4) The resignation of the Issuer's independent auditor;
    (5) The percentage of the Issuer's Security owned by affiliates of 
the Issuer; and
    (6) The costs associated with maintaining the Issuer's listing on 
the Amex in light of the Issuer's current financial position.
    The Issuer represent that the Security has been listed in the Pink 
Sheets since late April 2001. The Issuer also represents that it is 
investigating whether or not to file a Form 15 with the Commission.
    Any interested person may, on or before June 1, 2001, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issuer 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.\3\
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    \3\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 01-12437 Filed 5-16-01; 8:45 am]
BILLING CODE 8010-01-M