SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 24, 1997
EDnet, INC.
(Exact name of registrant as specified in its charter)
Colorado
State or other jurisdiction of incorporation or organization
000-21659 84-1273795
(Commission File No.) (I.R.S. Employer Identification No.)
One Union Street
San Francisco, California 94111
Address of principal executive offices and zip code
Registrant's telephone number, including area code: (415) 274-8800
Total number of pages: 2
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Item 4 Changes in Registrant's Certifying Accountants.
Coopers & Lybrand L.L.P. (C&L) resigned as EDnet's principal accountant
as of November 24, 1997, due to non-payments of fees for prior audits.
C & L's audit opinion as of June 30, 1996 and for years ended June 30,
1996 and 1995 was modified to include an explanatory paragraph
regarding the Company's ability to continue as a going concern. Note
that C & L did not perform an audit for the year ended June 30, 1997.
There were no recommendation or approval to change accountants by
EDnet's Board of Directors.
During the two most recent fiscal years preceding the resignation,
there were no disagreements with C & L on any matter of accounting
principles or practices, financial statement disclosures, or auditing
scope or procedure. Additionally, none of the events listed in
Regulation S-K, section (a)(1)(v)(A) through (D) occurred.
During the period subsequent to the last fiscal year audit for year
ended June 30, 1996 until their resignation as EDnet's principal
auditor on November 24, 1997 there were no disagreements with C&L on
any matter of accounting principles or practices, financial statement
disclosures or auditing scope or procedure. Note that C&L did not
perform an audit for the year ended June 30, 1997 or for any period
subsequent to June 30, 1997.
Item 7 Financial Statements and Exhibits.
(c) Exhibits
Letter from Coopers & Lybrand L.L.P. dated November 24, 1997 confirming
the client-auditor relationship between EDnet, Inc. and Coopers &
Lybrand L.L.P. has ceased.
Letter from Coopers & Lybrand L.L.P. dated December 17, 1997 stating
that it agrees with statements made by EDnet, Inc., pursuant to Item 4
of Form 8-K, as part of the Company's Form 8-KA report dated December
18, 1997.
SIGNATURE
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 thereunto duly authorized.
EDNET, INC.
December 18, 1997 By: /s/ Tom Kobayashi
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Tom Kobayashi
Chairman and CEO
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