SECURITIES AND EXCHANGE COMMSSION
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 Event Requiring Report: May 15, 2000
ADPADS INCORPORATED
(Exact name of registrant as specified in its charter)
Colorado 000-28373 84-1306598
(State of Incorporation) (Commission (IRS Employer
File Number) Identification #)
1000 Highway 34, Matawan, New Jersey 07747
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(Address of Principal Executive Offices)
(732)-290-8940
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(Registrant's telephone number, including area code)
Visual-Presentation Systems, Inc.
16910 Dallas Parkway, Ste. 100, Dallas, Texas 75248
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(Registrant's former Name and Address)
<PAGE>
ITEM 4. CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANT
On May 15, 2000, the Registrant's Board of Directors notified that it had
dismissed the independent certified public accounting firm of S. W. Hatfield,
CPA of Dallas, Texas, effective immediately.
During the fiscal years ended December 31, 1999 and 1998, and the interim period
subsequent to December 31, 1997, there were no disagreements with S. W.
Hatfield, CPA on any matter of accounting principles or practices, financial
statement disclosures, auditing scope or procedure or any other reportable
events.
The independent auditor's report for the Registrant for the years ended December
31, 1998 and 1997 did not contain an adverse opinion, disclaimer of opinion or
qualification as to any uncertainty or matter of audit scope of accounting
principles.
The independent auditor's report for the Registrant for the years ended December
31, 1999 and 1998 did not contain an adverse opinion or disclaimer of opinion.
However, the report contained the following language: "the Company is dependent
upon its majority shareholder to maintain the corporate status of the Company
and to provide all nominal working capital support on the Company's behalf.
Because of the Company's lack of operating assets, its continuance is fully
dependent upon the majority shareholder's continuing support. This situation
raises a substantial doubt about the Company's ability to continue as a going
concern."
ITEM 7. EXHIBIT
The following exhibit is filed with this report on Form 8-K letter on change in
certifying accountant.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned here unto duly authorized.
AdPads Incorporated
By: /s/ David I. Brownstein
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David I. Brownstein, President
S. W. HATFIELD, CPA
certified public accountants
Member: American Institute of Certified Public Accountants
SEC Practice Section
Information Technology Section
Texas Society of Certified Public Accountants
May 18, 2000
U. S. Securities and Exchange Commission
450 Fifth Street, N. W.
Washington DC 20549
Gentlemen,
On May 18, 2000, this firm reviewed Item 4 - Changes in Registrant's Certifying
Public Accountant of the Form 8-K to be filed by AdPads Incorporated (formerly
Visual Presentation Systems, Inc.) (SEC File #000-28373) during May 2000.
We have no disagreements with the statements made within Item 4 of the
referenced Form 8-K.
Yours truly,
/s/S. W. Hatfield, CPA
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Scott W. Hatfield, CPA
for the Firm
SWH/
Use our past to assist your future sm
P. O. Box 820395 9002 Green Oaks Circle, 2nd Floor
Dallas, Texas 75382-0395 Dallas, Texas 75243-7212
214-342-9635 (voice) (fax) 214-342-9601
800-244-0639 [email protected]
