MBA News Worldwide

Telkonet responds to correspondence from the American Stock Exchange

GERMANTOWN, Md. — (BUSINESS WIRE) - Telkonet, Inc. (AMEX: TKO), the leading supplier of construction and broadband access over existing power lines, announced today that on April 17, 2007, Telkonet, Inc (the “Company”) has received from the American Stock Exchange (AMEX), the company is not in compliance with sections 120 and 121 (A) of the AMEX Company Guide. In particular, AMEX has defended the thesis that some of the society of transactions with related parties have not been verified by the audit committee of the company or an institution of their board of directors, as stated in Section 120 and the company does not have enough independent Directors, a majority of the Board of Directors is considered “independent” under the definition of that term in the AMEX Company Guide.

Although the Company believes that it can reasonably satisfied AMEX collection of standards and continue with AMEX, to the extent that a written analysis to support this belief, AMEX has refused, for the position of the company and the company to submit a plan for compliance no later than May 1, 2007, AMEX Board of measures it has taken or will take to the company, in accordance with articles 120 and 121 (A ) of the AMEX Company Guide.

Immediately after receiving the letter, AMEX, in the context of the formulation of society, respect for the plan, the Chief Executive Officer and Chairman of the Board of Directors, looking for a new board member Independent . On April 23, 2007, the Governing Council, a meeting at the Stephen L. Sadle, the company was Senior Vice President and an independent non-member, resigned and Anthony J. Paoni was chosen for the vacant seat on the board of M. Sadle. The Governing Board noted that Mr. Paoni is “independent” within the meaning of the AMEX Company Guide.

Ron Pickett, President and CEO of Telkonet, said: “Although the board of directors believes that the company meets all criteria for continued listing of the AMEX, AMEX and the firm analysis of this issue within the framework of dialogue with representatives AMEX, we are disappointed to learn that D’goods AMEX agree with our position. We have immediate steps to remedy AMEX has been concluded, what the company with non-compliance certain requirements. As a result of the action of the company’s Board of Directors announced today that on board completely Fixed issues concerning compliance with the AMEX. The company is also directly linked AMEX continue the outcome of this case. ”

Mr. Paoni, the company’s new independent director, was a faculty member at Northwestern University’s Kellogg School of Management since 1996. Previously, he worked 28 years in information technology with leaders of the business sector, the hardware, software and consulting services.

For the first 15 years of his career as a professor Paoni manages sales and marketing organizations and in the subsequent phases of his career, he has changed into general management positions, starting with PANSOPHIC Systems Incorporated. The Lisle, Illinois, firms in the world’s fifth most international software companies for the acquisition of Computer Associates, Incorporated. Then, he was appointed Chief Operating Officer of Cross Access, a venture capital funded software company, a leader in the area of connectivity solutions for heterogeneous database market segment. In addition, he is chairman of two subsidiaries one hundred percent in the United States Ricardo Consulting, based in Britain an international organization of consulting company focuses on computer Power Train Cars Design. Prior to joining Kellogg of the Faculty, Professor Paoni was Chief Executive Officer of Eolas, an Internet software company with the technology of the Internet with patent pending - one of the most important technology drivers for the rapid establishment of the Internet platform.

Paoni has been a visiting professor to speak more than 200 conferences. It is on the Board of Directors of The Chamberlain Group (a subsidiary of Duchossois Industries), one of the largest manufacturers of systems for access doors. He serves on the Advisory Committee elite laboratory services, and he is chairman of the Executive Committee of XL Technology Group (www.xltg.com). From 1996 to 2006, Professor of Trustees held Paoni CompuCom Systems (NASDAQ: CMPC), USF Corporation (NASDAQ: CFSU), and has served as Chairman of Arizona technology companies, business technology commercialization in ‘Arizona State University. Paoni was appointed professor at Chicago Mayor Richard M. Daley ‘Technology Advisory Board in 1999. During the year 1998, it was as a strategic advisor to the US Navy for the CVX Carrier nuclear programme. It is also an employee of the Diamond Exchange Network, which consists of creativity, science and the private economy.

In addition to teaching the Kellogg School, Professor Paoni visit is a faculty member at Arizona State University, WP Carey School of Business, Hong Kong University of Science and Technology, Graduate School of Business; scientist at the University Untemehmensführung of (WHU), Otto Beisheim Graduate School of Management, Germany, and The Sasin Graduate School of Business Administration, Chulalongkorn University, Thailand. Professor Paoni received his Bachelor of Science in Mechanical Engineering from 1968 Rochester Institute of Technology and his MBA in 1992, the Kellogg School of Management, Northwestern University.

Apart from the election to Mr. Paoni Company’s Board of Directors, the Board unanimously adopted a formal procedure whereby he proposed to all transactions with related parties directly to the company of the Audit Committee for the review, examination and approval. According to the SEC rules and AMEX, the Company is required to establish a database and 8K a press release from the disclosure of all provisions before 5.30 pm on 23 April 2007 EDT.

Tags: accordance with articles, american stock exchange, amex, audit committee, board member, business wire, chairman of the board, chief executive officer, company believes that, germantown md, governing board, governing council, independent directors, md business, paoni, related parties, telkonet inc, vacant seat

Have a Question? Ask Us..

HAVE you been following with great interest the stock markets turn bullish and break the upper barrier? Are the stock market prices the first page you look at in a daily? Do you enjoy sitting at home on Saturday evenings, working out your gains and losses? If so, then probably a stockbroker’s profession is ideal for you. Stocks and shares is a method to raise funds from the public for use by the government or private companies. Until a couple of decades, Mumbai was India’s first and only stock exchange and few industries were listed in the share market. Today, there

Get American University Degree in India : MBA (1 Year Part-Time / Correspondence) Prospectus Rs.100 by MO/DD Rajarajn Academy : F43A, Spencer Plaza, Chennai-600 002 Source : The Hindu (Chennai) August 4, 2002

Admission Notice : MBA (2 Years Correspondence Program) Last date to receive application form : September 5, 2002 For prospectus send Rs.450/- by DD in favour of : Modern Institute of Management : B-27, Lajpat Nagar-II, New Delhi-110 024 Source : Telegraph (Calcutta) August 17, 2002

Admission Notice : MBA (2 Years Correspondence Program) Last date to receive application form : July 15, 2002 For prospectus send Rs.450/- by DD in favour of : Modern Institute of Management : B-27, Lajpat Nagar-II, New Delhi-110 024 Source : The Hindu (Chennai) June 20, 2002

Admission Notice : MBA (2 Years Correspondence Program) Last date to receive application form : December 15, 2002 For prospectus send Rs.450/- by DD in favour of : Modern Institute of Management : B-27, Lajpat Nagar-II, New Delhi-24 Source : The Hindu (Chennai) October 31, 2002

Letters | Rep. Cohen responds DAILY NEWS columnist John Baer clearly does not like me. Word buffs can scrutinize his columns and decide whether enmity, hostility, antagonism, animosity, rancor, antipathy or animus best describe his view of me. Whatever he thinks of me, I support his First Amendment right to put it on paper. But he is so obsessed with the fact that legislators are paid salaries and expenses out of the public treasury that he has lost all sense of perspective as to the scope of our public responsibilities and my strong work ethic. I take the vast responsibility of state government

Admission Notice : MBA (2 Years Correspondence Program) Specialization : Finance, IT, Personal, Hotel Management, Hospital Administration, Marketing, Travel & Tourism Last date to receive application form : June 30, 2003 For prospectus send Rs.450/- by DD in favour of : Modern Institute of Management B-27, Lajpat Nagar-II, New Delhi-110 024 Source : The Hindu (Chennai) May 28, 2003

American International University of Management & Technology, USA Admission Notice : MBA (2 Years Correspondence Program) Specialization: Finance, IT, Personal, Hotel Management, Hospital Admn, Marketing, Travel & Tourism Last date to receive application form : December 30, 2004 Eligibility : Graduation. For prospectus send Rs.450/- by MO/DD in favour of: Modern Institute of Management B-27, Lajpat Nagar-II, New Delhi-110 024 Source : The Hindu (Chennai) December 5, 2004

Admission Notice 2003-2004 - Correspondence Courses PGD Hospital Management / PGD Insurance Management / PGD Foreign Trade /PGD Public Relations & Advertising / PGD in Event Management Duration : 1 Year For prospectus and admission form send self addressed envelop and a DD favouring Division of Correspondence Programs, AAI-DU a/c for Rs.200/-, payable at Allahabad, to : Correspondence Program Administration, AAI-DU PO Box 4404, Kalkaji, New Delhi-110 019 Source : The Hindu (Chennai) September 17, 2003

American Pacific Corporation (NASDAQ: APFC) today announced that Fred D. Gibson, Jr., one of its current directors and retired Chief Executive Officer, has made a commitment of $1 million to the Georgia Tech Foundation, Inc. which receives and manages private contributions made for the support of (Georgia Tech). The $1 million commitment will be used to establish a permanent endowment to support the Mary and Maisie Gibson Institute Professorship. Appointments to the Professorship will be administered by the President at Georgia Tech within any academic discipline. Mr. Gibson will initially fund the commitment with a gift of 15,000 shares of

MBA News Worldwide

Telkonet responds to correspondence from the American Stock Exchange

Have a Question? Ask Us..

Secure a share in this job market

1 Year Part-Time / Correspondence MBA from Rajarajan Academy

MBA 2 Years Correspondence Program from American International University of Management and Technology, USA

MBA 2 Years Correspondence Program from American International University of Management and Technology, USA

MBA 2 Years Correspondence Program from Modern Institute of Management American International University of Management and Technology, USA

Letters | Rep. Cohen responds

MBA 2 Years Correspondence Program from Modern Institute of Management American International University of Management and Technology, USA

MBA 2 Years Correspondence Program from Modern Institute of Management

Post Graduate Diploma from AAI-Deemed University

American Pacific Director, Fred D. Gibson, Jr., Establishes Georgia Tech Endowment

MBA Tag Clouds