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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 17, 1999
COMPOSITE AUTOMOBILE RESEARCH, LTD.
(Exact name of registrant as specified in its charter)
Alberta, BC 93-1202663
(State of Incorporation) (I.R.S. Employer Identification No.)
635 Front Street
El Cajon, California 92020
(Address of Principal Executive Offices)
(619) 444-7254 Fax: (619) 444-9026
(Registrant's telephone and fax number, including area code)
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Item 4. Change in Registrant's Certifying Accountant.
(a) Previous independent accounts
(i) On May 3, 1999, Harlan & Boettger, LLP has resigned as
the Registrant's independent accounts.
(ii) The reports of Harlan & Boettger on the Registrant's
financial statements for fiscal years June 30, 1998 and
1997, respectively, contained no adverse opinion or
disclaimer of opinion and were not qualified or modified
as to uncertainty audit scope or accounting principles.
(iii) During the Registrant's two most recent fiscal years and
through May 3, 1999, there have been no disagreements
with Harlan & Boettger, LLP on any matter of accounting
principles or practices, financial statement disclosure
or auditing scope or procedure, which disagreements if
not resolved to the satisfaction of Harlan & Boettger
would have caused them to make reference thereto in
their report on financial statements for such years.
(v) The Registrant has requested that Harlan & Boettger, LLP
furnish it with a letter addressed to the Securities and
Exchange Commission (the "SEC") stating whether or not
it agrees with the above statements. A copy of such
letter, dated May 17, 1999 is filed as Exhibit 16 to
this Form 8-K.
(b) New independent accountants
(i) The Registrant's audit committee and Board of Directors
is in the process of searching for new independent
accounts.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
16 Letter dated May 17, 1999 from Harlan & Boettger, LLP,
the Registrant's former accountants, to the SEC.
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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 hereunto duly authorized.
Composite Automobile Research
Date: May 17, 1999 By: /s/ Thomas Bowers
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Thomas Bowers
President and Chief Executive Officer
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EXHIBIT 16
[HARLAN & BOETTGER, LLP LETTERHEAD]
May 17, 1999
Office of Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We were the previous principal accountants for Composite Automobile Research,
Ltd. (Registrant). On September 1, 1998, we reported on the financial
statements of Composite Automobile Research, Ltd. as of and for the years ended
June 30, 1998 and 1997.
On May 3, 1999, we notified the Company that we would no longer be serving as
Composite Automobile Research Ltd.'s principal accountant. There have been no
disagreements concerning accounting principals or disclosures. We have read
item 4 of the Registrant's Form 8-K and agree with the content.
Very truly yours,
/s/ HARLAN & BOETTGER, LLP
Harlan & Boettger, LLP
H&B/njs
cc: Composite Automobile Research, Ltd.
