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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934
Date Of Report: July 21, 1995
SPORTS-TECH, INC.
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(Exact Name of Registrant as specified in its Charter)
Nevada 0-16730 88-0085608
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
(corporation)
400 Corporate Pointe, Suite 780 90230
Culver City, CA -----
------------------------------- (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: 310-342-2800
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Item 4. Changes in Registrant's Certifying Accountant
On June 2, 1995, the Board of Directors of Sports-Tech, Inc. (the "Registrant")
authorized the management of the Registrant to engage Coopers & Lybrand
L.L.P.-Los Angeles office ("Coopers & Lybrand") as the independent auditor for
the Registrant and its subsidiaries for the year ending June 30, 1995, if and
when they deemed appropriate. Management informed Coopers & Lybrand of their
decision on July 18, 1995. The Registrant's previous independent auditor was
Arthur Andersen LLP-Las Vegas office ("Arthur Andersen"). The change in the
Registrant's auditor on July 18, 1995 was in conjunction with the relocation of
the Registrant's corporate offices to Culver City, California, the merger of
Alliance Media Corporation ("Alliance") and related acquisition of Stephen Dunn
& Associates, Inc. ("SDA") and change in the Board of Directors and management
of the Registrant.
The Arthur Andersen report on the Registrant's consolidated financial
statements for the year ended June 30, 1994 contained no adverse opinion or
disclaimer of opinion and was not qualified or modified as to uncertainty,
audit scope or accounting principles. During the two fiscal years in the period
ended June 30, 1994, and the period preceding the change of auditors, there
were no disagreements with Arthur Andersen on any matters of accounting
principles or practices, financial statement disclosures or auditing scope or
procedures, which disagreements, if not resolved to Arthur Andersen's
satisfaction, would have caused it to make reference to the subject matter of
the disagreement in connection with its report.
Coopers & Lybrand was engaged by Alliance, prior to the merger of Alliance with
the Registrant, as their consultants and to perform the audits of Stephen Dunn
and Associates, Inc. in connection the acquisition of SDA by Alliance. During
the two fiscal years ended June 30, 1994 and the period preceding the change in
accountants, neither the Registrant nor any person acting on its behalf has
consulted with Coopers & Lybrand regarding the application of accounting
principles to a specified transaction, either completed or proposed; or the
type of audit opinion that might be rendered to the Registrant's financial
statements.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
16.1 Letter from Arthur Andersen LLP to the Securities and Exchange
Commission.
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 hereto duly authorized.
SPORTS-TECH, INC.
Date: July 21, 1995 By: /s/ Martin S. McDermut
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Name: Martin S. McDermut
Title: Vice President and Chief
Financial Officer
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EXHIBIT 16.1
Arthur Andersen LLP
3320 West Sahara Avenue
Suite 330
Las Vegas, Nevada 89102-6067
July 21, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 included in the attached Form 8-K dated July 21, 1995 of
Sports-Tech, Inc. to be filed with the Securities and Exchange Commission and
are in agreement with the statements contained therein.
Very truly yours,
/s/ ARTHUR ANDERSEN LLP
