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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event) February 11, 1999
FIRST COLONIAL VENTURES, LTD.
(Exact name of registrant as specified in its charter)
UTAH BDC 814-178 87-0421903
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
6033 West Century Boulevard, Suite 280, Los Angeles, CA 90045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (310) 642-0200
6151 West Century Boulevard, Suite 1018, Los Angeles, CA 90045 (Former
name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT:
(a) Regulation S-K Item 304(a)(1):
(i) On February 11, 1999, J. Paul Kenote resigned as registrant's
certifying accountant.
(ii) There are no accountant's reports on the financial statements for
Registrant's most recent years which ended December 31, 1997 and December 31,
1998. The accountant's reports on the financial statements for the preceding two
years which ended December 31, 1996 and December 31, 1995, did not contain
adverse opinion, disclaimer of opinion, or qualification as to audit scope or
accounting principles, however, these reports were qualified with references to
uncertainties about the Registrant's ability to continue as a going concern, and
references to uncertainties for a ready market and for determination of
estimated values for the Registrant's investments.
(iii) The decision to change accountants was approved by Registrant's
board of directors on March 11, 1999.
(iv) During the Registrant's fiscal years ended December 31, 1995 and
December 31, 1996, and through February 1999, there were no disagreements with
the former accountant on any matter of accounting principles or practices,
financial statement disclosure, auditing scope or procedure, or any reportable
events.
(v) None of the events described in paragraphs (a)(1)(v)(A) through (D)
of this Section occurred.
(b) Regulation S-K Item 304(a)(2) On February 11, 1999, Timothy L. Steers,
Certified Public Accountant, LLC, 4380 S.W. Macadam, Suite 520, Portland OR,
97201 was appointed Registrant's certifying accountant.
EXHIBIT 16
Letter from former accountant dated May 27, 1999, addressed to United States
Securities and Exchange Commission
FIRST COLONIAL VENTURES, LTD.
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(REGISTRANT)
BY: /s/Murray W. Goldenberg
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Murray W. Goldenberg
Chairman
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May 27, 1999
United States Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by First Colonial Ventures, Ltd., which we
understand were filed with the Commission, pursuant to item 4 of Form 8-K, dated
April 22, 1999. We agree with the statements concerning my firm in such Form
8-K.
Very truly yours,
J. PAUL KENOTE, CPA, P.C.
/s/J. Paul Kenote
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J. Paul Kenote, CPA
