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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): July 18, 1996
COMTEX SCIENTIFIC CORPORATION
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(Exact name of the registrant as specified in its charter)
New York 0-10541 13-3055012
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(state of other juris- (Commission (I.R.S. Employer
diction of incorporation) File Number) Identification No.)
4900 Seminary Road, Suite 800 Alexandria, VA 22311
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(Address of principal executive officer) (Zip Code)
Registrant's telephone number,including area code: (703) 820-2000
Not Applicable
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(Former name or former address, if changed since last report)
The Exhibit Index appears on Page 3
<PAGE> 1
Item 4. Changes in Registrant's Certifying Accountant
On July 18, 1996, Coopers & Lybrand L.L.P. ("Coopers & Lybrand")
resigned as the Registrant's principal accountant.
During the two most recent fiscal years ended June 30, 1995
and 1994 and the subsequent interim period, there have been no
disagreements with Coopers & Lybrand on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope
or procedure or any reportable events.
Coopers & Lybrand's Report of Independent Accountants on the financial
statements for the two most recent fiscal years ended June 30,
1995 and 1994 contained no adverse opinion or disclaimer of
opinion and was not qualified or modified as to uncertainty,
audit scope or accounting principles, except that such report
contained an uncertainty paragraph that stated that such
financial statements "have been prepared assuming the
[Registrant] will continue as a going concern." The report
further stated that "the [Registrant] has a net capital
deficiency and has suffered recurring losses resulting in an
accumulated deficit of $10,528,828; that such facts "raise
substantial doubt about the [Registrant's] ability to continue as
a going concern;" and that such financial statements "do not
include any adjustment that might result from the outcome of
these uncertainties."
The Registrant has requested that Coopers & Lybrand furnish it with a
letter addressed to the Securities and Exchange Commission
stating whether it agrees with the above statements. A copy of
Coopers & Lybrand letter to the SEC, dated July 25, 1996 is filed as
Exhibit 10.01 to this Form 8-K.
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(a) Exhibits.
NO. Description
10.1 Letter From Coopers & Lybrand L.L.P. to the Securities
and Exchange Commission dated July 25, 1996.
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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 thereunto duly
authorized.
COMTEX SCIENTIFIC CORPORATION
Date: July 25, 1996 By:/S/ C.W. Gilluly
C.W. Gilluly
Chairman
and Chief Executive Officer
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COOPERS & LYBRAND L.L.P.
15245 Shady Grove Road
Suite 350 South
Rockville, Maryland 20850-3222
July 25, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by Comtex Scientific Corporation
(copy attached), which we understand will be filed with the
Commission, pursuant to Item 4 of Form 8-K, as part of the
Company's Form 8-K report for the month of July 1996. We agree
with the statements concerning our Firm in such Form 8-K.
Very Truly yours,
/S/ Coopers & Lybrand L.L.P.
