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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) June 17,1997
PALLET MANAGEMENT SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
________________________Florida______________________________
(State or Other Jurisdiction of Incorporation)
2-99212-A 59-2197020
(Commission File Number) (I.R.S. Employer Identification No.)
One S. Ocean Boulevard, Suite 305 Boca Raton, Florida 33432
(Address of principal executive offices) (Zip Code)
(561) 338-7763
(Registrant's telephone number, including area code)
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ITEM 4. Changes in Registrant's Certifying Accountant
On June 12,1997, the Registrant notified Grant Thornton LLP, that it
was changing auditors. The change in auditors was approved by Registrant's Board
of Directors. The reason for the change of auditors at this time is that the
Registrant desired to reduce it's auditing costs in order to conserve cash. The
change is part of a general cost reduction program begun by the Registrant.
There were no disagreements with Grant Thornton LLP on any matter of accounting
principles or practices, financial statement disclosure or audit scope or
procedure. None of the events listed in paragraphs (A) through (D) of Item 304
(a) (1) (v) occurred.
The new auditors engaged by the Registrant are Kaufman & Rossin & Co.,
2699 S. Bayshore Drive, Miami, Florida 33 .
ITEM 7. Financial Statements and Exhibits.
(c) Exhibits
1. Copy of Letter from Grant Thornton LLP.
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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.
Pallet Management Systems, Inc.
(Registrant)
By:/s/ Zachary M. Richardson
Zachary M. Richardson
President
DATED: June 17, 1997
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Item 7. Exhibit (c)
GRANT THORNTON
Suite 2000
200 East Broward Boulevard
Ft. Lauderdale, FL 33301-1915
June 16, 1997
Securities and Exchange Commission
Washington, DC 20549
Re: Pallet Management Systems, Inc.
File No. 2-99212-A
Dear Sir or Madam:
We have read Item 4 of the Form 8-K of Pallet Management Systems, Inc., dated
June 16, 1997, and agree with the statements contained therein.
Very truly yours,
GRANT THORNTON LLP
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