SPM GROUP, INC. 8-K
U. S. Securities and Exchange Commission
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
October 30, 2000
Commission File No. 0-9410
SPM Group, Inc.
(Name of Small Business Issuer in its Charter)
Colorado 83-0233011
(State or Other Jurisdiction of (I.R.S. Employer I.D. No.)
incorporation or organization)
5882 South 900 East, Suite 202
Salt Lake City, UT 84121
(Address of Principal Executive Offices)
Issuer's Telephone Number: (801)269-9500
Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Sections 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the Registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
(1) Yes X No (2) Yes X No
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Item 4. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
Schvaneveldt & Company, Certified Public Accountants located in Salt Lake
City, Utah audited the financial statements of SPM Group, Inc. for the
years ended December 31, 1999, 1998, and 1997. Darrell Schvaneveldt,
principle of Schvaneveldt & Company, passed away September 8, 2000. As a
result, the Company engaged another auditor for the Company, Crouch &
Bierwolf & Associates as of October 30, 2000.
The decision to change accountants was approved by the board of directors.
There were no disagreements between the Company and Schvaneveldt & Company,
whether resolved or not resolved, on any matter of accounting principles or
practices, financial statement disclosure or auditing, scope or procedure
which, if not resolved, would have caused them to make reference to the
subject matter of the disagreement in connection with their reports.
The Reports of Schvaneveldt & Company for the years 1999, 1998 and 1997 did
not contain any adverse opinions or disclaimers of opinion, but noted as to
uncertainty, audit scope or accounting principles as follows:
The last paragraph of Schvaneveldt & Company's letter to the Board of
Directors, dated March 29, 2000 states "As discussed in Note #5 to the
financial statements, the Company has an accumulated deficit and a negative
net worth at December 31, 1999, 1998 and 1997. These factors raise
substantial doubt about the Company's ability to continue as a going
concern."
Management did not consult Crouch & Bierwolf & Associates regarding the
application of accounting principles to a specific completed or
contemplated transaction or the type of audit opinion that might be
rendered, nor concerning any matter that was the subject of any
disagreement or event.
As a result of Mr. Schvaneveldt's death and the fact that Mr. Schvaneveldt
was the sole CPA for Schvaneveldt & Company, neither the Company nor
Schvaneveldt & Company are able to provide the SEC with the letter from
Schvaneveldt & Company required by Item 304(a)(3) of Regulation S-K.
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.
SPM Group, Inc.
Date: 11-09-00 By /S/ John Chymboryk
President and Director
