SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): September 30, 1999
AUDIOGENESIS SYSTEMS, INC.
(Exact name of registrant as specified in charter)
New Jersey 000-24991 22-3487471
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
7 Doig Road, Suite 3
Wayne, New Jersey 07470
(Address of principal executive offices)
Registrant's telephone number, including area code (973) 696-9400
<PAGE>
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) (1) Fallon & Fallon LLP, the independent accountant which was
previously engaged as the principal accountant to audit the Registrant's
financial statements, was replaced on September 30, 1999 with the accounting
firm of Cowan, Gutenski & Co., P.A. The reason for the replacement was based
solely on Registrant's determination that its anticipated accounting
requirements subsequent to the acquisition of Allstates Air Cargo, Inc.
necessitated a larger accounting firm with more personnel regularly engaged
in securities-related accounting matters. Such change in the certifying
accountant was not due to any disagreement between the Registrant and its
former independent accountant or the declination of such accountant to stand
for re-election.
(2) Fallon & Fallon LLP's report on the financial statements for
either of the past two years did not contain an adverse opinion or a
disclaimer of opinion, nor was it qualified as to uncertainty, audit scope,
or accounting principles.
(3) The decision to change accountants was approved by the Board of
Directors.
(4) During the Registrant's two most recent fiscal years and the
subsequent interim period preceding the change of accountants, there were no
disagreements with the former accountant on any manner of accounting
principles or practices, financial statement disclosure or auditing scope of
procedure, which disagreement if not resolved to the satisfaction of the
former accountant would have caused it to make reference to the matter of
disagreement in its report.
(b) Prior to the engagement of Cowan, Gutenski & Co., P.A., no member of
that firm was consulted by the Registrant (i) for the purpose of obtaining a
written report or oral advice with regard to the application of accounting
principles to a specified transaction of the Registrant, either completed or
proposed, (ii) regarding an inquiry as to the type of audit opinion that may
be rendered on the Registrant's financial statements or (iii) regarding any
matter that was the subject of a disagreement with Fallon & Fallon LLP or
which constituted a reportable event pursuant to Item 304(a)(1) of Regulation
S-B. The name and address of the Registrant's new independent accountant is:
Cowan, Gunteski & Co., P.A.
700 Hooper Avenue
Toms River, New Jersey 08753
Telephone: (732) 349-6880
Fax: (732) 349-1949
E-mail: [email protected]
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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c. Exhibit 16.1 - Letter of Fallon & Fallon LLP
SIGNATURES
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.
Audiogenesis Systems, Inc.
/s/ Sam DiGiralomo
DATED: September 30, 1999
By: Sam DiGiralomo
President
EXHIBIT 16.1
FALLON & FALLON. LLP
CERTIFIED PUBLIC ACCOUNTANTS
1392 Route 36, Suite 102
Hazlet, NJ 07730-1716
Telephone (732) 888-2070
Fax (732) 888-6245
September 30, 1999
Securities and Exchange Commission
450 Fifth Street NW
Washington, DC 20549
RE: AUDIOGENESIS SYSTEMS, INC.
Form 8-K dated September 30, 1999
Dear Sir or Madam:
We have read Item 4 of Form 8-K dated September 30, 1999 of Audiogenesis
Systems, Inc., and are in agreement with the statements contained therein.
Very truly yours,
/s/
FALLON & FALLON LLP
