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
June 21, 2000
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Date of Report
(Date of earliest event reported)
WORLD DIAGNOSTICS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-27627 65-0742342
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
15271 N.W. 60th AVENUE, MIAMI LAKES, FLORIDA 33014
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(Address of registrant's principal executive offices)
(305) 827-3304
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(Registrant's telephone number, including area code)
<PAGE>
Items 4. "Changes in Registrant's Certifying Accountant."
The following amends and supercedes in its entirety the Form 8-K filed by
the Company on June 27, 2000.
On June 15, 2000, World Diagnostics, Inc. (the "Company") dismissed its
independent accountants, PricewaterhouseCoopers LLP, and retained Gerson,
Preston & Company, P.A. as the Company's new independent accountants. The
decision to change accountants was not as a result of any disagreement between
the Company and PricewaterhouseCoopers LLP. The decision was made by the
Chairman of the Board and President of the Company, and ratified by the
Company's Board of Directors.
PricewaterhouseCoopers LLP audited the Company's consolidated financial
statements for the fiscal years ended March 31, 1999 and 1998. Their reports on
such consolidated financial statements did not contain an adverse opinion or a
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principle, except that the reports of
PricewaterhouseCoopers LLP for the fiscal years ended March 31, 1999 and 1998
contained an emphasis of matter paragraph relating to the Company's ability to
continue as a "going concern."
In connection with its audits of the Company's financial statements as of
March 31, 1999 and for each of the two years in the period ended March 31, 1999
and through June 15, 2000, there were no disagreements with the Company's former
accountants 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 the former accountants, would have caused
them to make a reference to the subject matter of such disagreements in
connection with their reports.
During each of the two fiscal years ended March 31, 1999 and 1998 and
through June 15, 2000, there have been no reportable events (as defined in
Regulation S-K Item 304(a)(1)(v)).
The Company's former accountants have been requested to furnish the Company
with a letter, addressed to the Securities and Exchange Commission, stating
whether the former accountants agree or disagree with the statements made by the
Company concerning PriceWaterhouseCoopers LLP. The former accountants letter is
filed as an exhibit to this Form 8-K/A
During the Company's fiscal years ended March 31, 1999 and 1998 and through
June 15, 2000, neither the Company nor anyone on its behalf has consulted the
Company's newly engaged accountants regarding either the application of
accounting principles to a specific transaction, whether completed or proposed,
or the type of audit opinion that might be rendered on the Company's financial
statements, and neither a written report or oral advice was provided that the
Company concluded was an important factor considered by the Company in reaching
a decision as to the accounting, auditing or financial reporting issue. During
such period, neither the Company nor anyone on its behalf consulted its new
accountants on any matter that was either the subject of a disagreement or a
reportable event as defined in Item 304 of Regulation S-K.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
16 Letter regarding change in certifying accountant to be provided
upon receipt from accountant via amendment to Form 8-K/A.
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.
WORLD DIAGNOSTICS, INC.
By: /s/ Ken Peters
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Ken Peters
President
Date: August 11, 2000
