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) January 5, 2001
MEGA MICRO TECHNOLOGIES GROUP
(Exact name of registrant as specified in charter)
NEVADA 88-0287451
------- --------------
(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
2887 North Green Valley Pkwy, Suite 380
Henderson, Nevada 89014
--------------------------------------- -------
(Address of Principal Executive Office) Zip Code)
(702) 260-0900
(Registrant's Executive Office Telephone Number)
<PAGE>
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
Registrant has appointed Weaver & Martin, Kansas City, Missouri, as
Registrant's independent accountants for the fiscal year ending December 31,
2000. This is a change in accountants recommended by Registrant's Executive
Management and approved by Registrant's Board of Directors. Weaver & Martin
was engaged by Registrant on January 19, 2001. Braverman & Co. ("Braverman"),
has served as Registrant's independent accountants since February 2000.
The audit reports issued by Braverman with respect to the Registrant's
financial statements for 1999 did not contain an adverse opinion or
disclaimer of opinion, and were not qualified as to uncertainty, audit scope
or accounting principles. During 1999 there were no disagreements between the
Registrant and Braverman 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 Braverman, would have
caused it to make a reference to the subject matter of the disagreement in
connection with its audit report.
The change in accountants does not result from any dissatisfaction with
the quality of professional services rendered by Braverman as the independent
accountants of Registrant.
Services provided to Registrant by Braverman with respect to the fiscal
year ended December 31, 1999 included the examination of registrant's
consolidated financial statements. Weaver & Martin is expected to provide
similar type services to Registrant in the 2000 fiscal year.
ITEM 5. OTHER EVENTS
On January 19, 2001, Mega Micro Technologies Group (the "Company")
issued a press release announcing the option re-pricing program approved by
the Board of Directors of January 5, 2001. Under the program, all currently
issued stock options (Covering approximately 1 million shares of MGGA's
common stock) will be re-priced at $0.50 per share. A copy of the press
release is attached as Exhibit 99.1 to this Report on Form 8-K and is
incorporated herein by reference in its entirety.
ITEM 6. RESIGNATIONS OF DIRECTORS AND EXECUTIVE OFFICERS
Not applicable.
ITEM 7. FINANCIAL STATEMENTS
Not applicable.
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable.
EXHIBITS
1.1* Letter of Braverman & Co. re: change in certifying accountant.
99.1* Press Release by Mega Micro Technologies Group dated January 19,2001.
______
*Filed herewith
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
MEGA MICRO TECHNOLOGIES GROUP
By /s/ Thomas Embrogno, Jr.
Thomas Embrogno, Jr,
President
Date: January 19, 2000
