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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
May 2, 2000
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Date of Report (Date of Earliest event reported)
Envision Development Corporation
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(Exact name of registrant as specified in its charter)
Florida 001-15311 65-0981457
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State of Commission File IRS Employer
Incorporation Number Identification No.
4 Mount Royal Avenue, Marlboro, Massachusetts 01752
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Address of Principal Executive Offices
Registrant's telephone number, including area code (508) 481-8303
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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
On May 2, 2000, Grant Thornton LLP ("Grant Thornton") was engaged as
the principal accountant to audit the financial statements of Envision
Development Corporation ("Envision"). During Envision's two most recent fiscal
years and any subsequent interim period prior to the engagement of Grant
Thornton, Grant Thornton was not consulted by Envision regarding either the
application of accounting principles to a specified transaction or the type of
audit opinion that might be rendered on Envision's financial statements. There
was no disagreement or reportable event with Envision's former accountants.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release, dated May 3, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized this 3rd day of May, 2000.
Envision Development Corporation
By: /s/ Michael E. Amideo
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Michael E. Amideo
Chief Financial Officer and Secretary
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Exhibit 99.1
COMPANY CONTACTS:
Desiree Chope, Envision Development Corporation, 508-481-8303 ext. 323,
[email protected]
MEDIA CONTACTS:
David Politis, Politis Communications, 801-523-3730 (wk)/801-556-8184(cell),
[email protected]
Jason Olsen, Politis Communications, 801-523-3730, [email protected]
BROKER CONTACTS:
Leonardo Zangani, L.G. Zangani, 908-788-9660, [email protected]
FOR IMMEDIATE RELEASE
ENVISION DEVELOPMENT CORPORATION ANNOUNCES APPOINTMENT OF
GRANT THORNTON LLP AS ITS INDEPENDENT ACCOUNTING FIRM
MARLBORO, Mass. - May 3, 2000 - Envision Development Corporation (AMEX: EDV),
the emerging leader in web-centric transactive technologies and eBusiness
solutions, today reported that its Board of Directors has appointed Grant
Thornton LLP as Envision's independent certified public accountants, replacing
PricewaterhouseCoopers LLP.
"Following an intensive search initiated by Envision's Audit Committee, Grant
Thornton LLP emerged as the best organization to provide high quality audit
services in the technology business environment," said William J. Patch,
chairman and chief executive officer of Envision. "Their exceptional client
service and responsiveness will make them a valuable resource as Envision
positions itself as a worldwide leader in transactive technologies."
The change in auditors is related to the relocation of Envision's corporate
headquarters to Marlboro, Massachusetts and the company's emergence from the
consumer markets environment into the high tech business sector.
"Grant Thornton is a leading accounting firm in the high tech field," said
Michael Amideo, chief financial officer of Envision. "We were impressed with the
extensive experience the firm will bring to Envision. In addition to serving as
Envision's independent auditors, we believe Grant Thornton LLP will be an
invaluable resource to Envision as we expand our investments into new
technologies."
GRANT THORNTON LLP (www.gt.com) is one of the world's leading organizations of
independent national firms providing audit, accounting, tax and specialist
business advice to growing entrepreneurial companies.
ENVISION DEVELOPMENT CORPORATION (www.edvcorp.com) is a rapidly growing leader
in providing web-centric transactive technologies through breakthrough
applications development and end-to-end eBusiness solutions.
This press release contains forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. Such risks and uncertainties are
described in the company's filings with the SEC, including its Registration
Statement on Form S-1.
