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): July 1, 1998
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I-STORM, INC.
(Formerly Digital Power Holding Company)
(Exact name of registrant as specified in its charter)
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NEVADA 2-93477-D 87-0410127
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
2440 WEST EL CAMINO REAL, SUITE 520
MOUNTAIN VIEW, CALIFORNIA 94040
(Address of principal executive offices)
Registrant's telephone number, including area code: (650) 962-5420
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
Jones, Jensen & Co, LLC was previously the principal certifying
accountants for I-Storm, Inc., formerly Digital Power Holding Company (the
"Registrant"). On July 1, 1998, Jones, Jensen & Co.'s appointment as principal
accountants was terminated and Arthur Andersen, LLP was engaged as principal
accountants. The decision to change accountants was approved by the audit
committee and the full board of directors of the Registrant.
During the Registrant's two most recent fiscal years ended March 31,
1998, and the subsequent interim period through July 1, 1998, there were no
disagreements between the Registrant and Jones, Jensen & Co., LLC on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements if not revolved to their
satisfaction would have caused them to make reference in connection with their
opinion to the subject matter of the disagreement.
None of the "reportable events" described under Item 304(a)(1)(iv) of
Regulation S-B occurred within the Registrant's two most recent fiscal years and
the subsequent interim period through July 1, 1998.
The audit reports of Jones Jensen LLC on the financial statements of
I-Storm, Inc., formerly Digital Power Holding Company as of and for the fiscal
years ended March 31, 1998 and 1997, did not contain any adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope, or accounting principles. A letter from Jones Jensen &Co, LLC is
attached as Exhibit 16.2.
During the Registrant's two most recent fiscal years ended March 31,
1998, and the subsequent interim period through July 1, 1998, the Registrant did
not consult with Jones Jensen & Co, LLC regarding any of the matters or events
set forth in Item 304(a)(2)(i) and (ii) of Regulation S-B.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
The following exhibit is filed with this Form 8-K:
16.1 Letter of Jones Jensen & Co, LLC regarding change in certifying
accountant.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
I-Storm has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
I-STORM, INC.
Date: December 15, 1999 By: /S/ Calbert Lai
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Calbert Lai
President
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December 15, 1999
Securities and Exchange Commission
450 Fifth Street, NW
Washington, D,C. 20549
Re: I-Storm, Inc. (formerly Digital Power Holding Company), a Nevada Corporation
Commission File No. 2-93477-D
Ladies and Gentlemen:
We were previously the independent accountants for the Company and on April 8,
1998 we reported on the financial statements of the Company for the fiscal years
ended March 31, 1998 and 1997. On December 15, 1999, we were formally dismissed
as the independent accountants of I-Storm, Inc. (formerly Digital Power Holding
Company).
We have read the Company's statements included under Item 4 of this current
report on Form 8-K dated July 1, 1998 and have no disagreements with the
disclosure made therein.
Very truly yours,
/s/ Jones, Jensen & Company
Jones, Jensen & Company
