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UNITED STATES
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: June 1, 2000
P.D.C. INNOVATIVE INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)
1701 N.W. 126TH AVENUE
CORPORATE PARK,
CORAL SPRINGS, FL 33065
(Address of principal executive offices)
(954) 341-0092
(Registrant's telephone number)
NEVADA 0-27157 65-0799306
(State of Incorporation) (Commission File Number) (IRS Employer I.D. Number)
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ITEM FOUR. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On June 1, 2000, the Board of Directors of P.D.C. Innovative
Industries, Inc. terminated the accounting firm of Franklin & Nicholls CPA's
L.L.C. as P.D.C.'s Independent Certified Public Accountants citing Franklin &
Nicholls inability to complete P.D.C.'s financial reporting obligations in a
timely manner.
P.D.C.'s report on its financial statements for the past two years
ending December 31, 1999 and 1998 did not contain an adverse opinion or
disclaimer of opinion and was not qualified or modified as to uncertainty, audit
scope or accounting principles.
During the P.D.C.'s two most recent fiscal years, and the interim
period preceding the date of termination, there were no disagreements with
Franklin & Nicholls CPA's L.L.C. on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure which
disagreement(s), if not resolved to the satisfaction of Franklin & Nicholls
CPA's L.L.C., would have caused it to make reference to the subject matter of
the disagreement(s) in connection with its report.
During P.D.C.'s two most recent fiscal years and the interim period
preceding Franklin & Nicholls CPA's L.L.C. termination, Franklin & Nicholls
CPA's L.L.C. DID NOT:
* advise P.D.C. that the internal controls necessary for the
registrant to develop reliable financial statements did not
exist;
* advised P.D.C. that information has come to the accountant's
attention that has led it to no longer be able to rely on
management's representations, or that has made it unwilling to
be associated with the financial statements prepared by
management;
* advise P.D.C. of the need to expand significantly the scope of
its audit, or that information has come to the accountant's
attention, that if further investigated may:
o Materially impact the fairness or reliability of
either: a previously issued audit report or the
underlying financial statements; or the financial
statements issued or to be issued covering the fiscal
period(s) subsequent to the date of the most recent
financial statements covered by an audit report
(including information that may prevent it from
rendering an unqualified audit report on those
financial statements), or
o Cause it to be unwilling to rely on management's
representations or
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be associated with the registrant's financial
statements, and
o Require Franklin & Nicholls CPA's L.L.C. to expand
the scope of its audit or conduct such further
investigation;
During P.D.C.'s two most recent fiscal years, and the interim period
preceding Franklin & Nicholls CPA's L.L.C. termination, Franklin & Nicholls
CPA's L.L.C. DID NOT advised P.D.C. that information has come its attention that
it has concluded materially impacts the fairness or reliability of either (i) a
previously issued audit report or the underlying financial statements, or (ii)
the financial statements issued or to be issued covering the fiscal period(s)
subsequent to the date of the most recent financial statements covered by an
audit report (including information that, unless resolved to Franklin & Nicholls
CPA's L.L.C. satisfaction, would prevent it from rendering an unqualified audit
report on those financial statements).
On June 16, 2000, P.D.C. engaged the accounting firm of Margolis, Fink
& Wichrowski C.P.A. as its Independent Certified Public Accountants. During
P.D.C.'s two most recent fiscal years and the interim period preceding the
engagement of Margolis, Fink & Wichrowski C.P.A., the Company did not consult
with Margolis, Fink & Wichrowski C.P.A on any matters.
EXHIBITS
16 Letter re change in certifying accountant.
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, thereunto duly authorized.
P.D.C. INNOVATIVE INDUSTRIES, INC.
(Registrant)
By: /s/ David Sowers, CEO
Date: June 21, 2000
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