UNITED
STATES
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) May 31, 2006
SKYE
INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
|
Nevada
(State
or other jurisdiction of incorporation)
|
000-27549
(Commission
File
Number)
|
88-0362112
(IRS
Employer Identifica-tion
No.)
|
7150
West Erie Street, Chandler, Arizona 85226
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (480)
889-9999
Not
applicable
(Former
name or former address, if changed since last report)
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.
The
Company was advised on May 31, 2006 by a hearing panel of the NASD that it
will
become ineligible for quotation on the OTC Bulletin Board effective as of the
opening of trading on June 2 or June 5, 2006. However, the common shares will
continue to trade in the over-the-counter market, and will be quoted in the
electronic pink sheets under the symbol SKYY until such time as the Company's
common shares resume quotation on the OTC Bulletin Board.
The
NASD
has determined the Company's common shares are ineligible for continued
quotation on the OTC Bulletin Board because the Company has not filed it's
2005
Annual Report on Form 10-KSB within applicable grace periods.
The
2005
Annual Report is delayed as a result of a change of auditors in late February
2006 due to the retirement of the Company’s prior auditors. Additionally, in
response to a comment letter received from the US Securities and Exchange
Commission, the Company has prepared an amendment of its 2004 results on Form
10-KSB/A that it expects to file shortly. The 2005 Annual Report on Form 10-KSB
is expected to be filed within the next three weeks or less, along with the
Company’s Quarterly Report on Form 10-QSB for the quarter ended March 31, 2006.
In
conjunction with making those filings, the Company expects to resume quotation
on the OTC Bulletin Board.
Safe
Harbor
This
release includes forward-looking statements that can generally be identified
by
phrases such as SKYE or its management "believes," "expects," "anticipates,"
"foresees," "forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements in this release that describe our business
strategy, outlook, objectives, plans, intentions or goals also are
forward-looking statements. All such forward-looking statements are subject
to
certain risks and uncertainties that could cause actual results to differ
materially from those in forward-looking statements. Risks and uncertainties
include, but are not limited to: the ability of the Company to bring its SEC
reports current, the ability to obtain listing of the Company’s shares on the
OTC Bulletin Board or any other trading system, general economic conditions
and
conditions in the markets we address; the substantial losses the company has
incurred to date; demand for and market acceptance of new products; successful
development of new products; the timing of new product introductions and product
quality; the company's ability to anticipate trends and develop products for
which there will be market demand; the availability of manufacturing capacity;
pricing pressures and other competitive factors; changes in product mix; product
obsolescence; the ability of our customers to manage inventory; the ability
to
develop and implement new technologies and to obtain protection for the related
intellectual property; the uncertainties of litigation and the demands it may
place on the time and attention of company management; as well as other risks
and uncertainties, including those detailed from time to time in our Securities
and Exchange Commission filings. The forward-looking statements are made only
as
of the date hereof. We undertake no obligation to update or revise the
forward-looking statements, whether as a result of new information, future
events or otherwise.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| May 31, 2006 | SKYE INTERNATIONAL, INC. |
 By:
Gregg C. Johnson, Secretary
|