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<SEC-DOCUMENT>0001144204-05-037652.txt : 20051123
<SEC-HEADER>0001144204-05-037652.hdr.sgml : 20051123
<ACCEPTANCE-DATETIME>20051123165615
ACCESSION NUMBER:		0001144204-05-037652
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20051117
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20051123
DATE AS OF CHANGE:		20051123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRECISION OPTICS CORPORATION INC
		CENTRAL INDEX KEY:			0000867840
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				042795294
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10647
		FILM NUMBER:		051225559

	BUSINESS ADDRESS:	
		STREET 1:		22 EAST BROADWAY
		CITY:			GARDNER
		STATE:			MA
		ZIP:			01440-3338
		BUSINESS PHONE:		9786301800

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRECISION OPTICS CORP INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
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                    01440</font></div>
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        Capital Market continued listing requirements. This letter notified the Company
        that based on the Company&#8217;s stockholders&#8217; equity of $2,289,724, as provided in
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        years ended June 30, 2005, 2004 and 2003, the Company is no longer in compliance
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        fiscal years. The letter stated that Nasdaq staff members are reviewing the
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        compliance with all The Nasdaq Capital Market listing requirements by December
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        process, Nasdaq staff determines that the Company&#8217;s plan does not adequately
        address the issues noted, the Company would receive notification that its
        securities would be delisted. If Nasdaq staff believes the Company&#8217;s plan is
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        Report on Form 8-K as Exhibit 99.1, reporting that it had received the Notice
        from Nasdaq. </font></div>
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              <td width="49%"><font size="2">Press Release issued by Precision
                Optics
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Richard
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                    </font>Chairman, President and</div>
                </div>
                <div><font size="2">Chief Executive
                  Officer</font></div>
              </td>
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        INDEX </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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              </td>
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              </td>
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            <tr>
              <td valign="top" width="11%">&#160;</td>
              <td align="left" valign="bottom" width="6%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
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                  Release issued by Precision Optics Corporation, Inc. on November
                  23,
                  2005.</font></div>
              </td>
            </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v030432_ex99-1.htm
<TEXT>
<html>
  <head>
    <title>
</title></head>
  <body bgcolor="#ffffff">
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div align="center">
          <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%">

              <tr bgcolor="#ffffff">
                <td width="25%"><img src="logo.jpg" alt="">&#160;</td>
                <td width="5%">&#160;</td>
                <td width="5%">&#160;</td>
                <td valign="top" width="65%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font size="2"><font size="5">PRECISION
                    OPTICS CORPORATION</font></font>
                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font size="2">22
                      EAST BROADWAY
                      </font>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GARDNER,
                        MASSACHUSETTS 01440-3338</font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">Telephone
                        978 / 630-1800</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font size="2">Telefax
                          978 /
                          630-1487</font></div>
                      </div>
                    </div>
                  </div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      </div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
        <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%">

            <tr bgcolor="#ffffff">
              <td width="55%"><strong><em>NEWS RELEASE</em></strong></td>
              <td width="5%">&#160;</td>
              <td width="5%">&#160;</td>
              <td width="35%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><em><font size="2">Page
                  1 of 1</font></em>&#160;</div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="55%" style="BORDER-BOTTOM: #000000 thin solid"><strong><em>FOR
                IMMEDIATE RELEASE</em></strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="5%" style="BORDER-BOTTOM: #000000 thin solid">&#160;</td>
              <td width="5%" style="BORDER-BOTTOM: #000000 thin solid">&#160;</td>
              <td width="35%" style="BORDER-BOTTOM: #000000 thin solid">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><strong><font size="2">Wednesday,
                  November 23,
                  2005</font></strong></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="55%">&#160;</td>
              <td width="5%">&#160;</td>
              <td width="5%">&#160;</td>
              <td width="35%">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><em>PRECISION
        OPTICS CORPORATION ANNOUNCES RECEIPT OF </em></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><em>NOTICE
        FROM NASDAQ</em></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GARDNER,
          Massachusetts - Precision Optics Corporation, Inc. (Nasdaq: POCI) announced
          today that, as it anticipated in its earnings release issued last week,
          on
          November 17, 2005 it received a letter from the Nasdaq Stock Market regarding
          non-compliance with the Nasdaq Capital Market continued listing requirements.
          This letter notified the Company that based on the Company&#8217;s stockholders&#8217;
          equity of $2,289,724, as provided in the Company&#8217;s Form 10-QSB for the period
          ended September 30, 2005, as well as the Company&#8217;s market value of listed
          securities of $3,504,106 (as of October 31, 2005) and the Company&#8217;s reported net
          losses from continuing operations for the years ended June 30, 2005, 2004
          and
          2003, the Company is no longer in compliance with Nasdaq Marketplace Rule
          4310(c)(2)(B). This rule requires the Company to have a minimum of $2,500,000
          in
          stockholders&#8217; equity or $35,000,000 market value of listed securities or
          $500,000 of net income from continuing operations for the most recently
          completed year or two of the three most recently completed fiscal years.
          The
          letter stated that Nasdaq staff members are reviewing the Company&#8217;s eligibility
          for continued listing on The Nasdaq Capital Market, and has asked the Company
          to
          submit a specific plan to achieve and sustain compliance with all The Nasdaq
          Capital Market listing requirements by December 5, 2005. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 19.8pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
          Company plans to submit a compliance plan to Nasdaq on or before December
          5,
          2005 but cannot predict whether Nasdaq will determine its plan to achieve
          and
          sustain compliance to be adequate. If, after the conclusion of the review
          process, Nasdaq staff determines that the Company&#8217;s plan does not adequately
          address the issues noted, the Company would receive notification that its
          securities would be delisted. If Nasdaq staff believes the Company&#8217;s plan is
          adequate to regain compliance with all Nasdaq listing requirements, then
          Nasdaq
          would grant the Company up to105 days in which to achieve compliance.
</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u><strong>About
          Precision Optics</strong></u></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Precision
          Optics Corporation, a leading developer and manufacturer of advanced optical
          instruments since 1982, designs and produces high-quality optical thin
          film
          coatings, medical instruments, and other advanced optical systems. The
          Company&#8217;s
          medical instrumentation line includes laparoscopes, arthroscopes and
          endocouplers and a world-class product line of 3-D endoscopes for use in
          minimally invasive surgical procedures. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
          Company is currently developing specialty instruments incorporating its
          patent-pending lenslock&#8482; technology which ensures lower cost, easier
          repairability and enhanced durability. The Company is aggressively pursuing
          ultra-small instruments (some with lenses less than one millimeter in diameter)
          utilizing patent pending micro-precisionTM lens technology. The Company
          is also
          exploring new initiatives in single molecule technology and nanotechnology
          for
          biomedical and other applications. </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Precision
          Optics Corporation is certified to the ISO 9001 Quality Standard, and complies
          with the FDA Good Manufacturing Practices and the European Union Medical
          Device
          Directive for CE Marking of its medical products. The Company&#8217;s Internet Website
          is </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>www.poci.com</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
          </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Forward-looking
          statements contained in this news release, including those related to the
          future
          success of Company&#8217;s products under development and revenue estimates, are made
          under "safe harbor" provisions of the Private Securities Litigation Reform
          Act
          of 1995 and involve a number of risks and uncertainties that could materially
          affect future results. These risks and uncertainties, many of which are
          not
          within the Company&#8217;s control, include, but are not limited to, the uncertainty
          and timing of the successful development of the Company&#8217;s new products; the
          risks associated with reliance on a few key customers; the Company&#8217;s ability to
          regain and maintain compliance with requirements for continued listing
          on the
          NASDAQ Capital Market; the Company&#8217;s ability to attract and retain personnel
          with the necessary scientific and technical skills, the timing and completion
          of
          significant orders; the timing and amount of the Company&#8217;s research and
          development expenditures; the timing and level of market acceptance of
          customers&#8217; products for which the Company supplies components; performance of
          the Company&#8217;s vendors; the ability of the Company to control costs associated
          with performance under fixed price contracts; and the continued availability
          to
          the Company of essential supplies, materials and services; and the other
          risk
          factors and cautionary statements listed from time to time in the Company's
          periodic reports filed with the Securities and Exchange Commission, including
          but not limited to, the Company's Annual Report on Form 10-KSB for the
          year
          ended June 30, 2005. </font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
