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 (Date of earliest event reported) February 10, 1999
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OVM International Holding Corp.
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(Exact name of registrant as it appears as specified in its charter)
Nevada 0-29482 88-0344135
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(State or other jurisdiction (Commission File (IRS Employer
or incorporation) Number) Identification No.)
West 516 Sprague Avenue, Spokane, Washington
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99204 (Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (509) 747-8590
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
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At a meeting held on February 10, 1999, the Board of Directors of OVM
International Holding Corp. (the "Company") approved the engagement of Horwath
Gelfond Hochstadt Pangburn & Co. as independent auditors of the Company for the
fiscal year ended December 31, 1998, to replace the firm of Ernst & Young
("E&Y"), who were dismissed as the Company's auditors effective February 10,
1999.
The reports of E&Y on the Company's financial statements for the past
two years did not contain an adverse opinion or disclaimer of opinion, and were
not qualified or modified as to uncertainty, audit scope, or accounting
principles.
In connection with the audits of the Company's financial statements for
each of the two fiscal years ended December 31, 1997, and in the subsequent
interim period, there were no disagreements with E&Y on any matters of
accounting principles or practices, financial statement disclosure, or auditing
scope and procedures which, if not resolved to the satisfaction of E&Y would
have caused E&Y to make reference to the subject matter in their report. The
Company has requested E&Y to furnish it a letter addressed to the Commission
stating whether it agrees with the above statements. A copy of E&Y's letter
dated March 26, 1999, is filed as an exhibit to this Report.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
16.1 Letter of E&Y pursuant to Item 304(a)(3) of
Regulation SB.
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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 herein duly authorized.
OVM International Holding Corp.
By: /s/ Ching Lung Po
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Ching Lung Po, President & CEO
Dated March 26, 1999
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March 26, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
U.S.A
Dear Sirs:
We have read Item 4 of Form 8-K dated March 26, 1999, of OVM International
Holding Corporation and are in agreement with the statements contained in the
second and third paragraphs on page 2 therein. We have no basis to disagree with
other statements of the registrant contained therein.
Yours faithfully,
/s/ Ernst & Young
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Ernst & Young
