SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): February 8, 2000
VSOURCE, INC.
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(Exact name of registrant as specified in its charter)
Nevada 000-30326 95-3538903
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(State of incorporation) (Commission (I.R.S. Employer
File Number) Identification Number)
5740 Ralston Street, Suite 110, Ventura, California 93003
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(Address of principal executive offices)
Registrant's telephone number, including area code: (805) 677-6720
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Former name: Interactive Buyers Network International, Ltd.
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective February 8, 2000, Vsource, Inc., a Nevada corporation
("Registrant" or the "Company"), agreed to retain Grant Thornton
LLP as the principal accountant to audit the Company's financial
statements. Concurrently with the agreement to engage Grant
Thornton LLP, the Company's former accountants, Lucas, Horsfall,
Murphy & Pindroh, LLP resigned as the Company's independent
accountants. The Company's Board of Directors approved the decision
to change accountants.
Lucas, Horsfall, Murphy & Pindroh, LLP's report, dated May 15, 1999
(except for Note 10 to the financial statements which is as of
September 3, 1999), on the consolidated financial statements as of
and for the years ended January 31, 1999 and 1998 contained an
additional paragraph adding emphasis to the matter of the Company's
ability to continue as a going concern.
During the Company's two most recent fiscal years and any
subsequent interim period, there were no disagreements between the
Company and Lucas, Horsfall, Murphy & Pindroh, LLP on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedures, which disagreements, if not
resolved to the satisfaction of Lucas, Horsfall, Murphy & Pindroh,
LLP, would have caused it to make a reference to the subject matter
of the disagreements in connection with its reports.
During the Company's two most recent fiscal years and any
subsequent interim period, the Company has not consulted Grant
Thornton LLP with respect to any of the matters described in
Regulation S-B Item 304(a)(2)(i) or (ii).
The Company shall provide Lucas, Horsfall, Murphy & Pindroh, LLP
With a copy of this Form 8-K no later than the day that this Form
8-K is filed with the SEC. Lucas, Horsfall, Murphy & Pindroh, LLP
has furnished the Company with a letter addressed to the SEC
stating that it agrees with the above statements. A copy of the
letter is filed as Exhibit 16 to this Form 8-K.
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Item 7. FINANCIAL STATEMENTS AND EXHIBITS
The following financial statements and exhibits are filed as part
of this report:
(c) Exhibits in accordance with Item 601 of Regulation S-K:
Exhibit
No. Description
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16.1 Letter re Change in Certifying Accountants dated
February 8, 2000 by Lucas, Horsfall, Murphy
& Pindroh, LLP.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
VSOURCE, INC.
Date: February 10, 2000 By: /s/ Robert C. McShirley
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Robert C. McShirley
President, Chief Executive Officer
and Chairman of the Board
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EXHIBIT INDEX
Exhibit Page
No. Description No.
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16.1 Letter re Change in Certifying Accountants February 6
8, 2000 by Lucas, Horsfall, Murphy & Pindroh, LLP
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EXHIBIT 16.1
Securities and Exchange Commission
Washington, D.C. 20549
We were previously principal accountants of Vsource Inc. and subsidiaries
(formerly known as Interactive Buyers Network International Ltd. and
subsidiaries) (Commission File Number 0-30326) and, under the date of May 15,
1999, except for Note 10 to the consolidated financial statements which is as of
September 3, 1999, we reported on the consolidated financial statements of
Vsource Inc. as of and for the years ended January 31, 1999 and 1998. On
February 8, 2000, we resigned prior to performance of any significant work with
respect to the Vsource Inc. and subsidiaries financial statements for the year
ended January 31, 2000, including interim periods. We have read the Vsource
Inc. and subsidiaries statements included under Item 4 of its Form 8-K dated
February 8, 2000, and we agree with such statements.
Very truly yours,
/s/ LUCAS, HORSFALL, MURPHY & PINDROH, LLP
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Pasadena, California
February 8, 2000
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