PSE Circular for Brokers No. 1682-99

July 9, 1999 PSE CIRCULAR FOR BROKERS NO. 1682-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. July 1, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 37535 3. BIR Tax Identification No. 005-056-869 4. ATN HOLDINGS, INC. Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code 7. 9th Floor Summit One Tower 530 Shaw Boulevard, Mandaluyong City Address of principal office Postal Code 8. (632) 717-0523 Registrant's telephone number, including area code 9. n/a Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common "A" 120,000,000 P120,000,000 Common "B" 80,000,000 80,000,000 Total 200,000,000 P200,000,000 11. Indicate the item numbers reported herein: Items 3 and 9 Item 1. Changes in Control of Registrant There has been no change in control since the beginning of its last fiscal year. Item 2. Acquisition or Disposition of Assets The Company has not acquired or disposed of any significant amount of assets as of its last fiscal year. Item 3. Changes in Registrant's Certifying Accountant The accounting firm of Alberto, Pascual & Associates had been the Company's Independent Public Accountant for the last two years. As of June 30, 1999 Alberto, Pascual & Associates formally resigned as external auditor of the company due to downsizing of its work force. llcd There were no event in the past where Alberto, Pascual & Associates and the Company had any disagreement with regard to any matter relating to accounting principles or practices, financial statement disclosure or auditing scope or procedure. Item 4. Resignation, Removal or Election of Registrant's Directors of Officers There were no resignation, removal or election of company's Directors or Officers. Item 5. Legal Proceedings The Company, and its directors and executive officers, are from time to time involved in litigation incidental to the conduct of business. However, the Company believes that cases against it and its directors and officers, if any, have no legal basis, and that there is no pending litigation that will have a material or adverse effect on the Company's financial position or operations. Item 6. Changes in Securities There has been no change in the securities as of the beginning of its last fiscal year. Item 7. Defaults Upon Senior Securities The company did not have default payment with regard to indebtedness. Item 8. Change in Fiscal Year The Company did not change its Fiscal Year March 31. Item 9. Other Events Postponement of Annual Meeting Due to the resignation of the accounting firm Alberto, Pascual & Associates, the company had decided to postpone its annual stockholders meeting on July 8, 1999 (second Thursday of July) to give the newly appointed independent auditor, Butcon & Associates, CPAs enough time to audit the financial statements of the company for the fiscal year ending March 31, 1999. The following is the new date, time and place of security holder's meeting. From To Date July 8, 1999 August 30, 1999 Time 4:00 P.M. 4:00 P.M. Place Conference room Conference room 9th floor Summit One Tower 9th Floor Summit One Tower 530 Shaw Boulevard 530 Shaw Boulevard Mandaluyong City Mandaluyong City Item 10. Financial Statements The company's financial statements for the fiscal year ending March 31, 1999 is not yet available. Due to the resignation of Alberto, Pascual & Associates, the new auditor is still in the process of auditing the report. They are expected to finish the audited financial statements at the end of this month. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATN HOLDINGS, INC. Registrant (SGD.) ARSENIO T. NG CEO SUBSCRIBED AND SWORN to before me this 5th day of July 1999, affiant exhibiting his Residence Certificate No. 07865986 dated 2/22/99. (SGD.) ATTY. JAIME Z. PAZ Notary Public Until December 31, 1999 PTR # 9970318E/1-5-99/MAND . IBP # 476814/1-8-99/PASAY Doc. No.: 325 Page No.: 65 Book No.: XXVI Series of 1999