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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 (Date of earliest event reported): April 18, 2000
INTERNETSTUDIOS.COM, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-27363 13-4009696
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification Number)
1351 4th Street, Suite 227, Santa Monica, California 90401
(Address of principal executive offices)
Registrant's telephone number, including area code: (310) 394-4025
Not applicable
(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective April 18, 2000, InternetStudios.com, Inc., a Nevada
corporation (the "Company"), dismissed LaBonte & Co. ("LaBonte") as the
Company's independent accountants, and engaged PricewaterhouseCoopers LLP
("PwC") as the Company's new independent accountants. The dismissal of LaBonte
and the retention of PwC were approved by the Company's Board of Directors.
Prior to the engagement of PwC, neither the Company nor anyone on its
behalf consulted with such firm regarding the application of accounting
principles to a specified transaction, either completed or uncompleted, or type
of audit opinion that might be rendered on the Company's financial statements.
LaBonte audited the Company's financial statements for the years
ended December 31, 1999 and 1998. LaBonte's reports for each of such periods
did not contain an adverse opinion or a disclaimer of opinion, nor were the
reports qualified or modified as to uncertainty, audit scope or accounting
principles, except as to the comments by auditors for U.S. readers on
Canada-United States reporting differences regarding the Company's ability to
continue as a going concern.
During the period from January 1, 2000 to April 18, 2000 and the years
ended December 31, 1999 and 1998, there were no disagreements with LaBonte on
any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of LaBonte, would have caused such firm to make reference to
the subject matter of the disagreements in connection with its reports on the
Company's financial statements. In addition, there were no such events as
described under Item 304(a)(1)(v) of Regulation S-K during the fiscal years
ended December 31, 1999 and 1998 and the subsequent interim periods through
April 18, 2000.
The Company has provided LaBonte with a copy of the disclosures
contained herein, and has requested that it furnish the Company with a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the statements made by the Company in response to Item 304(a) regarding its
involvement with the Company as independent accountants and, if not, stating the
respects in which it does not agree. A copy of LaBonte's letter is attached as
an exhibit to this Current Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
RESULTS
c. Exhibits:
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
------- -----------
<S> <C>
16.1 Letter from LaBonte & Co. addressed
to the Securities and Exchange
Commission
</TABLE>
2
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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.
INTERNETSTUDIOS.COM, INC.
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(Registrant)
Date: April 21, 2000 By: /s/ STEVEN FREDERICKS
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Steven Fredericks
Acting President and Chief
Financial Officer
3
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
16.1 Letter from LaBonte & Co.
addressed to the Securities and
Exchange Commission
</TABLE>
4
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Exhibit 16.1
Securities and Exchange Commission
Washington D.C. 20549
Dear Sir/Madam:
We have read Item 4 of Form 8-K of InternetStudios.com, Inc., dated April 21,
2000, and agree with the statements made therein.
/s/ LABONTE & CO.
Vancouver, B.C.
April 21, 2000
