SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): October 4, 2000
YOUNETWORK CORPORATION
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(Exact name of registrant as specified in charter
Delaware 0-252385 13-399035
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
115 East 23rd Street, New York, New York 10010
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 387-0310
(Former name or former address, if changed since last report)
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INFORMATION INCLUDED IN THIS REPORT
ITEMS 1 THROUGH 3, 5 THROUGH 9 NOT APPLICABLE.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Mahoney Cohen & Company, CPA, P.C. who was previously engaged as the
principal accountant to audit the Registrant's financial statements, was
dismissed on October 4, 2000, by unanimous consent of the board of directors in
favor of retaining Deloitte & Touche LLP. The following information is set forth
pursuant to Regulation S-K of the Securities Act of 1933 (the "Act"):
(i) Mahoney Cohen & Company, CPA, P.C.'s report on the financial
statements of the Registrant for the year-end (December 31, 1999 and December
31, 1998) contained no adverse opinion or a disclaimer of opinion, nor was it
qualified or modified as to audit scope, or accounting principles but included
an explanatory paragraph noting an uncertainty over the Registrant's ability to
continue as a going concern;
(ii) The decision to change accountants was recommended and approved by
the board of directors of the Registrant;
(iii) From the date the Registrant commenced operations (January 14, 1998)
through any subsequent interim period preceding the dismissal there have been no
disagreements with the former accountant on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure.
(iv) The Registrant has requested Mahoney Cohen & Company, CPA, P.C. to
furnish it a letter addressed to the Commission stating whether it agrees with
the above statements. A copy of that letter will be filed as Exhibit 16.1 to
this Form 8-K after its receipt.
INDEX TO EXHIBITS
Exhibit Description
16.1 Mahoney Cohen & Company, CPA, P.C. Letter dated October 4, 2000 in
response to Item 4 (a) (i), Item 4 (a) (ii) and Item 4 (a) (iii) of this
Form 8-K.
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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.
YOUNETWORK CORPORATION
By: /s/ Don Senerath
Don Senerath, Chief Executive Officer &
Chief Financial Officer
Dated: October 4, 2000
