UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AFFORDABLE TELECOMMUNICATION TECHNOLOGY CORPORATION
Full Name of Registrant
FORM 12b-25
SEC FILE NUMBER
[0-28175]
NOTIFICATION OF LATE FILING CUSIP NUMBER: 00826N 10 1
(Check One): [X]Form 10-KSB [ ] Form 20-F [ ]Form 11-K [ ] Form N-SAR [ ]
For Period Ended: December 31, 1999
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
PART I - REGISTRATION INFORMATION
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AFFORDABLE TELECOMMUNICATION TECHNOLOGY CORPORATION
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Former Name if Applicable: N/A
6227 Southwest Freeway
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Address of Principal Executive Office (Street and Number)
Houston, Texas 77074
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City, State and Zip Code
PART II - RULE 12b-25(b)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form could
not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on Form
10-KSB, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed on
or before the fifteenth calendar day following the prescribed due date; or
the subject quarterly report of transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day following the
prescribed due date; and
PART III - NARRATIVE
The Company's financial statements for the year ended December 31, 1998,
at which date the Company was not a public entity, were audited by the firm
of Hillard & Smith, P.C. In a letter to the Company dated March 24, 2000,
the accounting firm of Hillard & Smith, P.C. informed the Company that it
was resigning from the engagement and therefor would not perform the audit
for the Company for the year ended December 31, 1999. The accounting firm of
Hillard & Smith P.C. informed the Company that they are unwilling to be
associated with the financial statements prepared by management for September
30, 1999 since (1) the audiotor's report included with the Form 10_SB by the
Company and filed on November 19, 1999 incorrectly reported that the
September 30, 1999 financial statements were audited when the financial
statements for such period were unauditied and (2) the accountants report
for the financial statements were filed without consent. The Company believes
that this was an innocent error and that the financial statements for
September 30, 1999 were correct in substance except for the reference to the
fact that the statements were audited as opposed to unaudited. However, the
former accounting firm did in fact perform the audit for the Company's
financial statements ended December 31, 1998, which report was dated February
26, 1999,prior to the Company becoming a public company. The accounting firm
has informed the Company that it will consent to the use of its report
relating to the financial statements of the Company for the year ended
December 31, 1998 in the Company's filings with the Securities and Exchange
Commission which require reference to the Company's audited financial
statements for the year ended December 31, 1998. The accounting firm however
does not consent to use of any report for the nine month period ended September
30, 1999 which financial statements were prepared by the Company and were
unaudited. The Company is in the process of retaining a new accounting firm
to complete the audit for the fiscal year ended December 31, 1999 and the
firm of Hillard & Smith, P.C. has agreed to cooperate with the Company in
transmitting copies of all records necessary for the new accounting firm to
complete the 1999 audit.
The Company shall file a Current Report on Form 8-K with appropriate disclosure
required by Reg.229.304, Item 304. Item 304 which will reflect the
resignation of Hillard & Smith P.C., the information set forth above, and
the engagement of the new accounting firm. in a timely manner.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Steven H. Bethke
(Name)
(713) 888-8884
(Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant changes in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[ ] Yes [ X ] No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
AFFORDABLE TELECOMMUNICATION TECHNOLOGY CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
By: Steven H. Bethke, President
Date: March 30, 2000 By /s/ Steven H. Bethke
President and Chief Executive Officer
