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UNITED STATES
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 20, 1997
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LIFE RESOURCES INCORPORATED
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(Exact name of registrant as specified in its charter)
Oregon 0-7655 93-0475404
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(State or other jurisdiction (Commission (IRS Employer
or incorporation) File Number) Identification No.)
101 East Redlands Boulevard Suite 206 Redlands, CA 92373
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (909) 793-3000
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Item 1. Changes in Control of Registrant
None.
Item 2. Acquisition or Disposition of Assets
None.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Registrant's Certifying Accountant
On September 18, 1997, the registrant appointed the accounting firm of Bennett
Block, An Accountancy Corporation as independent accountant for the fiscal year
ended June 30, 1997 to replace its former principal accountant Coopers &
Lybrand L.L.P. The registrant's board of directors approved the selection of
Bennett Block, An Accountancy Corporation as new independent accountant.
Management of the registrant has not consulted with Bennett Block, An
Accountancy Corporation on any accounting, auditing or reporting matter.
Pursuant to Item 304(a)(1) of Regulation S-K, the following information is
provided with respect to the change in the registrant's certifying accountant.
Due to cash flow constraints, the registrant was unable to pay the former
accountant as timely as requested. Therefore, the former accountant resigned.
Each of the opinions for each of the past two years was qualified based on the
registrant's ability to continue as a going concern. Since the former
accountant resigned, there was no consenting vote on the part of the board of
directors.
During the registrant's two most recent fiscal years ended June 30, 1995 and
1996, and interim period subsequent to June 30, 1996, there were no
disagreements with the former accountant on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or audit
procedure.
Pursuant to item 304(a)(2) of Regulation S-K, the forgoing information has been
provided to the registrant's new certifying accountant.
The registrant has also provided Coopers & Lybrand L.L.P. with a copy of this
disclosure and has requested that Coopers & Lybrand L.L.P. furnish it with a
letter addressed to the SEC stating whether it agrees with the above statements.
(A copy of Coopers & Lybrand L.L.P.'s letter to the SEC, dated September 18,
1997, is filed as Exhibit 1, to the Form 8-K.)
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Item 5. Other Events
None.
Item 6. Resignations of Registrant's Directors
None.
Item 7. Financial Statements and Exhibits
None.
Item 8. Change in Fiscal Year
None.
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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.
LIFE RESOURCES INCORPORATED
(Registrant)
By: /s/ J. Robert West
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J. Robert West
Chairman of the Board and President
Date: September 20, 1997
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By: /s/ Milton M. Miner
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Milton M. Miner
Secretary
Date: September 20, 1997
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Exhibit 99.1
September 18, 1997
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Life Resources, Inc., 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 September 1997. We agree with
the statements concerning our Firm in such Form 8-K.
Very truly yours,
Coopers & Lybrand L.L.P.
