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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 8, 1998
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NON-INVASIVE MONITORING SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA
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(State or other jurisdiction of incorporation)
0-137176 59-3007846
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(Commission File Number) (IRS Employer Identification No.)
1840 West Avenue
Miami Beach, Florida 33139
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(Address of principal executive offices)
Registrant's telephone number, including area code (305) 534-3694
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a)(1)(i) Non-Invasive Monitoring Systems, Inc. (the "Company")
terminated Ernst & Young LLP ("E&Y") as its auditors
on September 8, 1998.
(ii) During the Company's past two fiscal years, E&Y's
reports on the Company's financial statements
contained an explanatory paragraph raising
substantial doubt about the Company's ability to
continue as a going concern.
(iii) The decision to terminate its relationship with E&Y
was approved by the Board of Directors of the
Company.
(iv) During the past two fiscal years, there were no
disagreements with E&Y on any matter of accounting
principles or practices, financial statement
disclosure or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of
E&Y, would have caused it to make reference to the
subject matter of the disagreements in connection
with its reports.
(a)(2) Pursuant to action approved by the Company's Board of
Directors, the Company retained Gerson, Preston &
Company, P.A. as its auditors as of September 8,
1997.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Exhibits
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Exhibit No. Description
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16 Letter regarding Change in Certifying
Accountant.
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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.
CORPORATE RENAISSANCE GROUP, INC.
Date: September 10, 1998 By: /s/ MARVIN A. SACKNER
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Marvin A. Sackner, Chairman
(Principal Executive, Financial and
Accounting Officer)
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EXHIBIT 16
ERNST & YOUNG LLP Certified Public Accountants Phone: 305 358 4111
Suite 3900
200 South Biscayne Boulevard
Miami, Florida 33131-5313
September 8, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read item 4 of Form 9-K dated September 8, 1998, of Non-Invasive
Monitoring Systems, Inc. and are in agreement with the statements contained in
paragraph (iv) on page 2 therein. We have no basis to agree to disagree with
other statements of the registrant contained therein.
In addition, we have no basis to agree or disagree with other statements of the
registrant contained in paragraphs (i), (ii) and (iii) and (a)(2) on page 2 of
the above referenced filing.
Very truly yours,
/s/ ERNST & YOUNG LLP
