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: October 12, 1998
ETHIKA CORPORATION
(Exact name of the registrant as specified in its charter)
MISSISSIPPI 64-044887
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
11249 West 103rd Drive
Westminster, Colorado 80021
(Address of Principal Executive Office)
Registrant's telephone number including area code: (303) 637-2351
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Item 4. Change in Registrant's Certifying Accountant
Effective October 9, 1998, PricwaterhouseCoopers LLP, the Registrant's
independent accountants for the past two fiscal years, were dismissed. The
dismissal of PricewaterhouseCoopers LLP was approved by the Registrant's Board
of Directors. The Registrant has not engaged new auditors though it
anticipates that auditors located in the Denver metropolitan area will be
engaged on or before October 31, 1998. New auditors will be approved by the
Board of Directors. No consultation regarding accounting policy or procedures
with new auditors will occur prior to their engagement.
PricewaterhouseCooper LLPs reports for the fiscal years ended December 31,
1996 and 1997 have not contained an adverse opinion or a disclaimer of opinion,
or were qualified or modified as to uncertainty, audit scope, or accounting
principles, except that PricewaterhouseCooper LLP's report on the financial
statements for the fiscal year ended December 31, 1997 contained an
explanatory paragraph regarding the Registrant's ability to continue as a
going concern. Nor has there been any disagreement with
PricewaterhouseCooper LLP on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure during the
Registrant's two most recent fiscal years and from December 31, 1997 through
October 9, 1998 which if not resolved to the satisfaction of
PricewaterhouseCoopers LLP would have caused them to make reference thereto in
their report on the financial statements for such years.
The Registrant has provided PricewaterhouseCoopers LLP with a copy of the
disclosure contained herein and has requested that PricewaterhouseCoopers LLP
provide the Registrant with a letter addressed to the U.S. Securities and
Exchange Commission stating whether they agree with the disclosure.
PricewaterhouseCoopers LLP has provided such a letter, which is attached
hereto as an Exhibit to this Current Report on Form 8-K.
<PAGE>
Item 7. Financial Statements and Exhibits.
(C) Exhibits:
16.1 Letter Re: Change in Certifying Accountant dated October 9, 1998.
SIGNATURE
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 thereunder duly authorized.
ETHIKA CORPORATION
(Registrant)
/s/ Dennis Brovarone
___________________________
Dennis Brovarone, President
Date: October 9, 1998
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
16.1 Letter re Change in Certifying Accountant dated
October 9, 1998.
<PAGE>
October 9, 1998
U.S. Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549
Ladies and Gentlemen:
RE: Ethika Corporation
Change in Certifying Accountant
We have read Item 4 of Ethika Corporation's Form 8-k dated October 9, 1998 and
are in agreement with the statements contained in the second paragraph
therein.
Yours very truly,
PricewaterhouseCoopers LLP
