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): March 23, 2000
Fortune Entertainment Corporation
(Exact name of Registrant as specified in its charter)
Delaware 0-23859 88-04053347
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
144 Elm Street, 2nd Floor, Suite 16, Biddeford, Maine 04005
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (207) 282-0878
N/A
(Former name or former address if changed since last report.)
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Item 4. Change in Registrant's Certifying Accountant
Effective March 23, 2000 the Company retained Gordan, Harrington & Osborn,
P.C. ("GH&O") to act as the Company's independent certified public accountant.
In this regard GH&O replaced Ernst & Young LLP ("E&Y") which audited the
Company's financial statements for the fiscal year ended December 31, 1998. E &
Y stated in their report to the Company's financial statements for the years
ended December 31, 1998 that since the Company is in the development stage, has
no established source of revenue and is dependent on its ability to raise
capital from shareholders or other sources to sustain operations, there is
substantial doubt as to the Company's ability to continue in business. With the
exception of the foregoing, the report of E&Y for this fiscal year did not
contain an adverse opinion, or disclaimer of opinion and was not qualified or
modified as to audit scope or accounting principles. During the Company's two
most recent fiscal years and subsequent interim periods, there were no
disagreements with E&Y on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedures, which
disagreements, if not resolved to the satisfaction of E&Y would have caused it
to make reference to such disagreements in its report.
The Company has authorized E&Y to discuss any matter relating to the
Company and its operations with GH&O.
The change in the Company's auditors was recommended and approved by the
board of directors of the Company. The Company does not have an audit committee.
During the two most recent fiscal years and subsequent interim periods,
the Company did not consult GH&O regarding the application of accounting
principles to a specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company's financial statements,
or any matter that was the subject of a disagreement or a reportable event.
GH&O has reviewed the disclosures contained in this 8-K report. The
Company has advised GH&O that it has the opportunity to furnish the Company with
a letter addressed to the Securities and Exchange Commission concerning any new
information, clarifying the Company's disclosures herein, or stating any reason
why GH&O does not agree with any statements made by the Company in this report.
GH&O has advised the Company that nothing has come to its attention which would
cause it to believe that any such letter was necessary.
Item 7. Financial Statements, Pro Forma Financial Information
(a) Not Applicable
(b) Not Applicable
(c) Exhibits
16.1 A letter from the Company's former auditors pertaining to the
disclosures in Item 4 will be filed by amendment.
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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.
Date: March 24, 2000
Fortune Entertainment Corporation
By: /s/ William M. Danton
William M. Danton, President
