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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: May 5, 1998
ALFIN, INC.
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(Exact name of registrant as specified in charter)
New York 1-9135 13-3032734
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
720 Fifth Avenue, New York, New York. 10019
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(Address of principal executive offices)
Registrant's telephone number: (212) 333-7700
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
(a) On April 30, 1998, Arthur Andersen LLP (the "Former Accountants") resigned
as the Registrant's certifying accountants.
(b) In Connection with the audits of the Registrant's financial statements for
the fiscal years ended July 31, 1996 and 1997 and for the period from
August 1, 1997 through April 30, 1998, there were no disagreements with the
Former Accountants 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 the Former
Accountants, would have caused them to make reference to the subject matter
of the disagreement in their report.
(c) The Former Accountants' reports on the Registrant's financial statements
for the fiscal years ended July 31, 1996 and 1997 do not contain an adverse
opinion or disclaimer of opinion and include an explanatory paragraph
concerning the Registrant's ability to continue as a going concern.
(d) A letter from the Former Accountants addressed to the Securities and
Exchange Commission stating that they agree with the Registrant's response
to this Item is filed as a Exhibit hereto.
(e) Exhibits
Letter from Arthur Andersen LLP in accordance with Item 4(d).
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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.
ALFIN, INC.
By: /s/ Michael D. Ficke /s/
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Michael D. Ficke, Secretary
Dated: May 5, 1998
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Arthur Andersen Letterlhead
May 5, 1998
Ms. Jane Adams
Deputy Chief Accountant
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Ms. Adams:
We have read Item 4 included in the attached Form 8-K dated May 5, 1998 of
Alfin, Inc. filed with the Securities and Exchange Commission and are in
agreement with the statement contained therein.
Very truly yours,
ARTHUR ANDERSEN LLP
By: /s/ Raymond J. Adiletta
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Raymond J. Adiletta
Attachment
Copy to:
Mr. Michael Ficke, Chief Financial Officer, Alfin, Inc.