UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
----------------
FORM 8-K/A No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 10, 1999
CONTINENTAL INVESTMENT CORPORATION
(Exact name of registrant as specified in its charter)
Georgia 0-3743 58-0705228
(State or other (Commission (IRS Employer)
jurisdiction of File No.) Identification No.)
incorporation)
10254 MILLER ROAD, DALLAS, TEXAS 75238
(Address of principal executive offices) (Zip Code)
(214) 691-1100
(Registrant's telephone number, including area code)
<PAGE>
ITEM 4: CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Effective on March 10, 1999, Continental Investment Corporation (the
"Company") engaged the accounting firm of Belew Averitt LLP, Dallas, Texas as
the Company's independent accountants to replace its prior auditors who were
dismissed by the Company on March 10, 1999. The new accountants have been
engaged to audit and report on the financial statements of the Company for its
fiscal year ended December 31, 1998.
This action to replace the Company's auditors was approved by the Board
of Directors of the Company.
During the Company's 1996 and 1997 fiscal years and the subsequent
interim periods preceding the dismissal, there were no disagreements with the
former auditors on matters of accounting principles or practices, financial
statement disclosure or auditing scope or procedure. The accountant's reports on
the Company's financial statements for each of the 1996 and 1997 fiscal years
contained no adverse opinion, no disclaimer of opinion or no qualified or
modified opinion as to the uncertainty, audit scope or accounting principles.
The former accountant's letter, which is required under Item 304(a)(3)
of Regulation S-B, is attached as required.
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 thereunto duly authorized.
Electronically Filed: April 8, 1999
CONTINENTAL INVESTMENT CORPORATION
By: /S/ J. B. Morris
---------------------------
J. B. Morris, President
Exhibit 16: Former accountant's letter
Page 2
April 8, 1999 Exhibit 16
Securities and Exchange Commission
Washington, D.C. 20549
RE: Continental Investment Corporation
File No. 0-3743
Dear Sir or Madam:
We have read Item 4 of the Form 8-K/A No. 1 of Continental Investment
Corporation dated April 8, 1999, and agree with the statements contained
therein.
Very truly yours,
GRANT THORNTON LLP
