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): April 28, 2000
wowtown.com, Inc.
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(Exact name of Registrant as specified in its charter)
Delaware 0-26277 98-0204758
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
Suite 450 - 999 West Hastings Street, Vancouver, British Columbia, V6C 2W2
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (604) 633-2556
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(Former name or former address if changed since last report.)
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Item 4. Change in Registrant's Certifying Accountant
(a) Effective April 28, 2000 the Company retained PricewaterhouseCoopers ("PWC")
to act as the Company's independent certified public accountant. In this regard
PWC replaced Ernst & Young LLP ("E&Y") which audited the Company's financial
statements for the fiscal years ended April 30, 1999 and 1998. The reports of
E&Y for these fiscal years did not contain an adverse opinion, or disclaimer of
opinion and were not qualified or modified as to uncertainty, 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 reports.
(b) The Company has authorized E&Y to discuss any matter relating to the Company
and its operations with PWC.
(c) 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.
(d) During the two most recent fiscal years and subsequent interim periods, the
Company did not consult PWC 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.
(e) PWC has reviewed the disclosures contained in this 8-K report. The Company
has advised PWC 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 PWC does not agree with any statements made by the Company in this report.
PWC 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 Letter from former auditors confirming information in Item 4 (a)
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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: May 8, 2000
wowtown.com, Inc.
By: /s/ Stephen C. Jackson
Stephen C. Jackson
Secretary
May 8, 2000
PRIVATE & CONFIDENTIAL
Office of the Chief Accountant
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 28, 2000, of WOWtown.com, Inc.
(formerly Paramount Services Corp.) and are in agreement with the statements
contained in the first paragraph therein. We have no basis to agree or disagree
with other statements of the registrant contained therein.
Very truly yours,
/s/ Ernst & Young LLP
Ernst & Young LLP
cc: Mr. Stephen Jackson, Secretary, WOWtown.com, Inc.
