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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 21, 1997
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VIRTUAL TELECOM, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-22351 98-0162893
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
12, Av. des Morgines, 1213 Petit-Lancy / Geneva, Switzerland
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(Address of Principal Executive Offices) (Zip Code)
Registrant s Telephone number, including area code 41-22-879-0879
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N/A
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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.
On November 21, 1997, the appointment of Raimondo, Pettit & Glassman as
independent auditors for the Registrant was terminated by the Registrant and
Arthur Andersen SA was engaged as independent auditors. The decision to
change independent auditors will be submitted to the Board of Directors of
the Registrant for their ratification and approval. During the fiscal year
ended December 31, 1996 and 1995 and the subsequent interim period through
November 21, 1997 there were no disagreements between the Registrant and
Raimondo, Pettit & Glassman 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 Raimondo, Pettit &
Glassman would have caused them to make reference to the subject matter of
the disagreement in connection with their reports.
Except for the explanatory paragraph included in the 1995 report,
relating to substantial doubt existing about the Company's ability to
continue as a going concern, the audit reports of Raimondo, Pettit & Glassman
on the Registrant's financial statements as of December 31, 1996 and 1995 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.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
a. Exhibit I - Copy of the amended letter from Raimondo, Pettit & Glassman
regarding change of independent public accountants.
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.
Virtual Telecom, Inc.
Dated: December 22, 1997 /s/ NEIL GIBBONS
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Neil Gibbons, President
