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): April 18, 2000
INTEGRATED TRANSPORTATION NETWORK GROUP INC.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 0-24815 13-3993618
-------- -------- ----------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File No.) Identification No.)
575 Lexington Avenue, Suite 410 New York, New York 10022
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 840-8866
Not Applicable
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 4. CHANGES IN CERTIFYING ACCOUNTANT
On April 18, 2000, the client-auditor relationship between Integrated
Transportation Network Group Inc. (the "Company") and BDO International ("BDO")
ceased and the Company engaged H.L. Leung & Co., a member of PKF International
Association ("H.L. Leung"), as its independent auditors for the fiscal year
ending December 31, 1999. The decision to engage H.L. Leung was approved by the
Board of Directors of the Company, upon the recommendation of the Board of
Directors. BDO's reports on the consolidated financial statements of the Company
for fiscal year 1998 did not contain any adverse opinion or a disclaimer of
opinion, and was not qualified or modified as to uncertainty, audit scope or
accounting principles. During fiscal year 1998 and the subsequent interim period
preceding the dismissal of BDO, there were no disagreements with BDO regarding
any matters of accounting principles or practices, financial statement
disclosure or auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of BDO, would have caused BDO to make reference to the
subject matter of the disagreements in connection with its report. The Company
requested that BDO furnish it with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the above statements. The
letter, dated April 18, 2000 has been filed as an exhibit to this current report
on Form 8-K.
<PAGE>
SIGNATURES
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.
Dated: April 18, 2000
INTEGRATED TRANSPORTATION NETWORK GROUP INC.
By: /s/ Andrew Lee
-------------------------------
Name: Andrew Lee
Title: President
<PAGE>
EXHIBIT INDEX
-------------
Exhibit
No. Description
--- -----------
1 Letter dated April 18, 2000, from BDO International to the
Securities and Exchange Commission.
EXHIBIT 1
April 18, 2000
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4 of Form 8-K for the
event that occurred on April 18, 2000 to be filed by our former client,
Integrated Transportation Network Group, Inc. We agree with the statements made
in response to that item insofar as they relate to our Firm.
Very truly yours,
/s/ BDO International
