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): February 7, 2007
Patient
Safety Technologies, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
(State
or Other Jurisdiction
of
Incorporation)
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333-124594
(Commission
File
Number)
|
13-3419202
(I.R.S.
Employer
Identification
Number)
|
1800
Century Park East, Ste. 200, Los Angeles, CA 90067
(Address
of principal executive offices) (zip code)
(310)
895-7750
(Registrant's
telephone number, including area code)
Marc
J.
Ross, Esq.
Sichenzia
Ross Friedman Ference LLP
1065
Avenue of the Americas
New
York,
New York 10018
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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 (see General Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On
February 7, 2007, the Company received a letter from the American Stock Exchange
(the “Exchange”) announcing that the Exchange will suspend trading in the
Company’s common stock as soon as practicable and will initiate the delisting
process of its stock from the Exchange in accordance with Section 1010 of the
Company Guide. The Exchange’s determination is final and cannot be appealed.
The
Company intends to take the necessary steps to have its securities included
for
quotation on the Over the Counter Bulletin Board (“OTC”).
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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Patient
Safety Technologies, Inc.
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Dated:
February 9, 2007
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By:
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/s/
Lynne
Silverstein
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Name:
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Lynne
Silverstein
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Title:
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President
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