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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 (DATE OF EARLIEST EVENT REPORTED): SEPTEMBER 16,1997
IMN FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-28666 11-2558192
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification
Number)
520 Broad Hollow Road, Melville, New York 11756
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (516) 844-9805
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) On September 16, 1997, IMN Financial Corp. (the "Registrant")
appointed the accounting firm of Werblin, Casuccio & Moses, PC of Syosset, New
York as independent accountants for fiscal 1997 to replace Thomas P. Monahan of
Paterson, New Jersey, effective with such appointment. The Registrant's Board
of Directors approved the recommendation of the Registrant's audit committee.
(b) During the two most recent fiscal years and interim period
subsequent to September 30, 1996, there have been no disagreements with Thomas
P. Monahan on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure or any other reportable
events.
(c) Thomas P. Monahan's report on the financial statements for the
past two years contained no adverse opinion or disclaimer of opinion and was not
qualified or modified as to uncertainty, audit scope or accounting principles.
(d) The Registrant has provided Thomas P. Monahan with a copy of this
disclosure and has requested that Thomas P. Monahan furnish it with a letter
addressed to the SEC stating whether it agrees with the above statements. (A
copy of Thomas P. Monahan's letter to the SEC, dated September 17,1997, is filed
as Exhibit 1 to the Form 8-K.)
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Exhibits
Letter from Thomas P. Monahan to the SEC, dated September 17,
1997
ITEM 8. CHANGE IN FISCAL YEAR
As of September 16, 1997, the Registrant elects to change its fiscal
year end from September 3, to December 31. The transition report will be filed
on Form 10-Q for the quarter ended December 31, 1996.
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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 hereunto duly authorized.
IMN FINANCIAL CORP.
(Registrant)
By:/s/ Edward Capuano,
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Edward Capuano,
President and Principal
Executive Officer and
Principal Financial Officer
Dated: September 19, 1997
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Exhibit 99.1
THOMAS P. MONAHAN
CERTIFIED PUBLIC ACCOUNTANT
208 LEXINGTON AVENUE
PATERSON, NEW JERSEY 07502
(201) 790-8775
FAX (201) 790-8845
September 17, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: IMN FINANCIAL CORP., FILE NUMBER 0-28666 FORM 8-K
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Gentlemen:
I was previously the principal accountant for IMN Financial Corp.
formerly NGT Enterprises, Inc., and, under the date of December 16, 1996, I
reported on the financial statements as of and for the years ended September 30,
1993, 1994, 1995 and 1996. On September 16, 1997, I resigned. I have read IMN
Financial Corp.'s statements included under Item 4. of its Form 8-K dated
September 16, 1997 and I agree with such statements.
Very truly yours,
By:/s/ Thomas Monahan
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Thomas Monahan
