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 earliest event reported, April 29, 1999
APPLIED CAPITAL FUNDING, INC.
Colorado 0-23171 84-1280679
(State of Incorporation) (Commission File Number) (IRS I.D. Number)
c/o Steven L. Siskind
645 Fifth Avenue, Suite 403
New York, New York 10022
(Address of principal executive offices)(Zip Code)
(212) 750-2002
(Registrant's telephone number, including area code)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 4. Change in Registrant's Certifying Accountant.
On May 26, 1999, the Board of Directors of the Registrant approved the retention
of the firm of Nelson Mayoka & Company as principal independent accountant to
perform the examination of its financial statements as of December 31, 1999, and
for the year then ended, effective with the resignation of Kish Leake &
Associates, P.C., the former independent accountant, which occurred on May 17,
1999. Kish Leake & Associates, P.C. had been principal independent accountant,
having performed audit services for the most recent fiscal year ended December
31, 1998, and had expressed unqualified opinions on such financial statement. In
connection with that audit and through May, 1999, there were no disagreements
between the Registrant and Kish Leake & Associates, P.C. regarding the
application of accounting principles or financial statement presentation matters
in connection with Kish Leake's examination of the December 31, 1998 financial
statement.
A letter from Kish Leake & Associates, P.C. confirming the foregoing is attached
as an exhibit hereto.
Item 7. Financial Statements and Exhibits.
(C) Exhibits.
16.0 Letter dated May 17, 1999 regarding resignation of certifying
accountant
APPLIED CAPITAL FUNDING, INC.
-----------------------------
(Registrant)
Dated: May 26, 1999
By:__________________________
Jeffrey L. Taylor, Vice President
Kish Leake & Associates, P.C.
Certified Public Accountants
J.D. Kish, C.P.A., M.B.A. 7901 E. Belleview Ave., Suite 220
James D. Leake, C.P.A., M.T. Englewood, Colorado 80111
---------------- Telephone (303) 779-5006
Arleen R. Brogan, C.P.A. Facsimile (303) 779-5724
May 17, 1999
Board of Directors
Attn: Mr. Ajmal Khan
c/o Steven Siskind Esq.
Applied Capital Funding, Inc.
645 Fifth Ave #403
New York, NY 10022
We would like to inform you that as of May 17, 1999 we resign as the auditors of
Applied Capital Funding, Inc. and that there are no disagreements regarding the
application of accounting principles or financial statement presentation matters
with you in connection with our examination of the December 31, 1998 financial
statements.
An 8K will need to be filed with the information necessary under Item 4.
Sincerely,
/s/ Kish Leak & Associates, P.C.
- --------------------------------
J.D. Kish CPA, MBA
Kish Leak & Associates, P.C.
