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
Date of Report (date of earliest event reported): March 23, 2000
Fortune Entertainment Corporation
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(Exact name of Registrant as specified in its charter)
Delaware 0-23859 88-04053347
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
144 Elm Street, 2nd Floor, Suite 16, Biddeford, Maine 04005
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (207) 282-0878
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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&D") to act as the Company's independent certified public
accountant for the year ending December 31, 1999. In this regard GH&D replaced
Ernst & Young LLP ("EY") which audited the Company's financial statements as at
December 31, 1998 and 1997 and for the year ended December 31, 1998 and the
period from August 25, 1997 (inception) to December 31, 1997. EY stated in their
report of the Company's financial statements at December 31, 1998 and 1997 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 EY's at December 31, 1998 and 1997 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 EY 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 EY would have caused it to make reference to such disagreements
in its report.
The Company has authorized EY to discuss any matter relating to the
Company and its operations with GH&D.
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&D 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&D has reviewed the disclosures contained in this 8-K report. The
Company has advised GH&D 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&D does not agree with any statements made by the Company in this report.
GH&D 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
<PAGE>
16.1 Letter from former auditors confirming information in Item 4
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: May 18, 2000
Fortune Entertainment Corporation
By: /s/ William M. Danton
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William M. Danton
President
April 10, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C., 20549
Dear Sir/Madam:
We have read Item 4 of Form 8-K dated April 10, 2000, of Fortune Entertainment
Corporation and are in agreement with the statements contained in the first
paragraph on page 1 therein. We have no basis to agree or disagree with other
statements of the registrant contained therein.
Very truly yours,
/s/ Ernst & Young LLP
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Ernst & Young LLP
cc: Mr. William M. Danton
