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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K REPORT
Amendment No. 1
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Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2000
Rent USA, Inc.
(Exact name of registrant as specified in its charter)
Nevada 000-27371 33-5695839
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
PO Box 10
San Dimas, CA 91773-0010
(Address of principal executive offices)
(909) 287-1500
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(Issuer's telephone number)
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FORWARD LOOKING STATEMENTS
Rent USA, Inc., ("Rent USA, Inc.," or the "Company") cautions readers that
certain important factors may affect the Company's actual results and could
cause such results to differ materially from any forward-looking statements that
may be deemed to have been made in this Form 8-K or that are otherwise made by
or on behalf of the Company. For this purpose, any statements contained in the
Form 8-K that are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the generality of the foregoing,
words such as "may," "expect," "believe," "anticipate," "intend," "could,"
"estimate," "plans," or "continue" or the negative or other variations thereof
or comparable terminology are intended to identify forward-looking statements.
Factors that may affect the Company's results include, but are not limited to,
the Company's limited operating history, its ability to produce additional
products and services, its dependence on a limited number of customers and key
personnel, its possible need for additional financing, its dependence on certain
industries, and competition from its competitors. With respect to any
forward-looking statements contained herein, the Company believes that it is
subject to a number of risk factors, including: the Company's ability to
implement its product strategies to develop its business in emerging markets;
competitive actions; and, general economic and business conditions. Any
forward-looking statements in this report should be evaluated in light of these
important risk factors. The Company is also subject to other risks detailed
herein or set forth from time to time in the Company's filings with the
Securities and Exchange Commission.
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TABLE OF CONTENTS
Item 1. Changes in Control of Registrant 4
Item 2. Acquisition or Disposition of Assets 4
Item 3. Bankruptcy or Receivership 4
Item 4. Changes in Registrant's Certifying Accountant 4
Item 5. Other Events 4
Item 6. Resignation of Registant's Directors 4
Item 7. Financial Statements and Exhibits 5
Item 8. Change in Fiscal Year 5
Item 9. Change in Security Ratings 5
Signatures 6
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Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposition of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Pursuant to Item 304(A) of Regulation S-B:
(i) On March 22, 2000, Registrant decided to terminate its relationship with its
principal independent accountant, James E. Slayton, CPA.
(ii) The former accountant's Independent Auditor's Report for the past two years
has contained the following:
"The accompanying financial statements have been prepared assuming the Company
will continue as a going concern. As discussed in Note 3 to the financial
statements, the Company has had limited operations and has not generated
significant revenues from planned principal operations. This raises substantial
doubt about its ability to continue as a going concern. Management's plan in
regard to these matters is also described in Note 3. The financial statements do
not include any adjustments that might result from the outcome of this
uncertainty."
Note 3 to the Financial Statements, as referenced above, reads as follows:
"The Company's financial statements are prepared using the generally accepted
accounting principles applicable to a going concern, which contemplates the
realization of assets and liquidation of liabilities in the normal course of
business. However, the Company has not generated significant revenues from its
planned principal operations. Without realization of additional capital, it
would be unlikely for the Company to continue as a going concern."
(iii) The decision to change accountants was approved by the Board of Directors.
(iv) (A) There have not been any disagreements with the former accountant.
Whether or not resolved, on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which, if not
resolved to the former accountant's satisfaction, would have caused him to make
reference to the subject matter of the disagreement(s) in connection with his
report; or
(B) None of the disclosures mandated by Item 304(a)(1)B, C, D or E of regulation
S-B are applicable.
(2) The Registrant on March 22, 2000, engaged John Spurgeon, CPA, JD whose
address is PO Box 1171, Glendora, CA 91740, telephone number (626) 914-9449 has
agreed to replace James Slayton as new principal accountant. None of the
disclosures mandated by Paragraphs (i) or (ii) of 304(E)(2) are applicable.
(3) Registrant is providing the former accountant wiht a copy of this Form 8-K
and has requested that the former accountant furnish a letter to Registrant
within two (2) business days of receipt. This letter shall be filed within ten
(10) days of this Form 8-K.
The provisions of Item 304(b) are not applicable.
Item 5. Other Events
Not Applicable
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Item 6. Resignation of Registrant's Directors
No Change to Report
Item 7. Financial Statements and Exhibits
Exhibit 16. Letter from Certifying Accountant
Item 8. Change in Fiscal Year
No Change to Report
Item 9. Change in Security Ratings
No Change to Report
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereto duly
authorized.
Dated: December 1, 2000
Rent USA, Inc.
By: /s/ Charles Hooper
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Charles Hooper
President
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