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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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)
November 2, 1998
ECOMAT, INC.
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(Exact name of registrant as specified in its charter)
0-21613
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(Commission File Number)
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<S> <C>
Delaware 133865026
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(State or other jurisdiction (IRS Employer Identification
of incorporation) Number)
147 Palmer Avenue
Mamaroneck, NY 10543
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(Address of principal (Zip Code)
executive offices)
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Registrant's telephone number, including area code (914) 777-3600.
NONE
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(Former name or former address, if changed since last report)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Grant Thornton LLP served as the Company's independent auditors for the fiscal
years ended December 31, 1996 and 1997. On November 2, 1998, the Board of
Directors of the Company determined not to retain Grant Thornton LLP to audit
the accounts of the Company and its subsidiaries for the fiscal year ending
December 31, 1998.
The reports of Grant Thornton LLP for the years ended December 31, 1996 and 1997
did not contain an adverse opinion or a disclaimer of opinion, nor were they
qualified or modified as to uncertainty, audit scope or accounting principles,
except that the opinion for the year ended December 31, 1997 included an
explanatory paragraph that there were conditions that raised substantial doubt
about the Company's ability to continue as a going concern.
During the Company's two most recent fiscal years ended December 31, 1996 and
1997 and the period from January 1, 1998 to November 2, 1998, there were no
disagreements with Grant Thornton LLP on any matters of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure,
which, if not resolved to the satisfaction of Grant Thornton LLP, would have
caused it to make reference to the subject matter of the disagreement in
connection with its report on the financial statements of the Company and its
subsidiaries for any such period.
During the Company's two most recent fiscal years ending December 31, 1996 and
1997 and the period from January 1, 1998 to November 2, 1998, there were no
"reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K
promulgated under the Securities Exchange Act of 1934, except that by letter
dated June 17, 1998 to the Board of Directors, Grant Thornton LLP advised the
Company that they had noted certain internal control matters that related to
significant deficiencies in the design and operation of the Company's internal
control structure, relating to the quality and depth of financial personnel,
that, in their judgment, could adversely affect the Company's ability to record,
process, summarize and report financial data consistent with the assertions of
management in the Company's financial statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) The following exhibit is attached:
Exhibit 16 - Letter, dated November 9, 1998, from Grant Thornton
LLP.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
ECOMAT, INC.
/s/ HANS-RUDOLF KUCHLER
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Hans-Rudolf Kuchler, President
and Chief Operating Officer
Date: November 9, 1998
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ACCOUNTANTS AND
MANAGEMENT CONSULTANTS [LOGO]
The US Member Firm of
Grant Thornton International
November 9, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Re: ECOMAT, INC.
FILE NO. 0-21613
Dear Sir or Madam:
We have read Item 4 of the Form 8-K of ECOMAT, Inc. dated November 9,
1998 and agree with the statements contained therein.
Very truly yours,
/s/ GRANT THORNTON LLP
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GRANT THORNTON LLP
November 9, 1998
/sv
605 Third Avenue
New York, NY 10158-0142
Tel: 212 599-0100
Fax: 212 370-4530
