ATC Healthcare Announces Receipt of Correspondence from AMEX

  
    
  
  
    
      ATC Healthcare, Inc. (AMEX:AHN), a leader in medical staffing, announced 
      today that it received a letter on March 10, 2008 from the American 
      Stock Exchange indicating AMEX’s intent to 
      strike ATC’s common stock from the AMEX by 
      filing a delisting application with the Securities and Exchange 
      Commission pursuant to Section 1009(d) of the Amex Company Guide. The 
      AMEX believes ATC has failed to make progress consistent with the plan 
      of compliance previously submitted to and accepted by AMEX and, as a 
      consequence, the plan no longer presents a reasonable basis of ATC’s 
      ability to regain compliance. In particular, the AMEX cited ATC’s 
      failure to comply with Sections 134 and 1101 of AMEX Company Guide due 
      to its failure to file its Quarterly Reports on Form 10-Q for the 
      quarters ended August 31, 2007 and November 30, 2007. In addition, AMEX 
      stated that ATC’s failure to publicly report 
      information concerning its financial position or results limits AMEX’s 
      ability to evaluate ATC’s progress towards 
      compliance with Section 1003(a)(iii) of the AMEX Company Guide. 
      Moreover, AMEX stated, ATC is not in compliance with Section 1003(f)(v) 
      of the AMEX Company Guide because the Company’s 
      common stock has been trading for a substantial period of time at prices 
      per share ranging over the past six months between $.09 and $.28 per 
      share.
    
    
      ATC has determined not to request a hearing and to accept AMEX’s 
      delisting determination. The Company intends to trade on the Pink Sheets 
      until it becomes current in its filing with the Securities and Exchange 
      Commission, at which time it expects to commence trading on the 
      Over-the-Counter Bulletin Board.
    
    
      About ATC Healthcare, Inc.
    
    
      ATC is a national leader in medical staffing personnel to hospitals, 
      nursing homes, clinics and other healthcare facilities with 47 locations 
      in 25 states. ATC provides supplemental staffing, outsourcing and human 
      resource solutions to hospitals, nursing homes, medical and research 
      facilities and industry. Drawing from a pool of over 15,000 healthcare 
      professionals spanning more than 50 specialties, the company supplies 
      both clinical and non-clinical personnel for short-term, long-term, and “traveling” 
      contract assignments. To learn more about the company’s 
      services, visit their website at www.atchealthcare.com.
    
    
      Forward Looking Statements
    
    
      Certain statements contained in this release that are not statements of 
      historical facts are “forward-looking 
      statements” within the meaning of the Private 
      Securities Litigation Reform Act of 1995. The words — 
      “believe”, “expect”, 
      “anticipate”, “intend”, 
      “will”, and 
      similar expressions are examples of words that identify forward-looking 
      statements. Forward-looking statements include, without limitation, 
      statements regarding our future financial position, timing of future 
      revenue, business strategy and cost savings. These forward-looking 
      statements are based on our current beliefs, as well as assumptions we 
      have made based upon information currently available to us. These 
      forward-looking statements may be affected by the risks and 
      uncertainties in our business and are qualified in their entirety by the 
      cautionary statements and risk factor disclosure contained in our 
      filings with the Securities and Exchange Commission, including our 
      annual report on Form 10-K for the year ended February 28, 2007. We do 
      not assume, and expressly disclaim, any obligation to update these 
      forward-looking statements.