SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
July 8, 1999
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Date of Report
RMED International, Inc.
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(Exact Name of Registrant as Specified in its Charter)
COLORADO 0-14696 84-0898302
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(State of Incorporation) (Commission File (I.R.S. Employer
Number) Identification Number)
3925 North Hastings Way
Eau Claire, WI 54702
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(Address of Principal Office)
(715)831-0280
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(Registrant's Telephone Number)
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Item 2. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
RMED International, Inc. (the "Company") has dismissed Oatley,
Bystrom & Hansen, PC as its certified public accountants responsible
for auditing the Company's financial statements, and appointed
Grant Thornton LLP, effective immediately. This action was taken by
the Board of Directors on June 10, 1999, which unanimously approved
the written action. Oatley, Bystrom & Hansen, PC's reports for the
last two fiscal years contained no adverse opinions, disclaimers, or
qualifications or modifications as to uncertainty, audit scope or
accounting principles, and during such two fiscal year period and
the subsequent interim period since then, there have been no
disagreements with Oatley, Bystrom & Hansen, PC as to any matter of
accounting principles or practices, financial statement disclosure
or auditing scope or procedure which, if not resolved to the
satisfaction of Oatley, Bystrom & Hansen, PC, would have caused it
to make reference to the subject matter of the disagreement in
connection with its reports, except for the following:
In connection with the audit of the consolidated financial
statements of the Company for the year ending December 31, 1998,
Oatley, Bystrom & Hansen, PC became aware that certain consigned raw
material inventory was treated as an asset of the Company, and
informed the Company that it disagreed with the Company's accounting
treatment of consigned raw material inventory. The Company agreed
with Oatley, Bystrom & Hansen, PC as to the proper treatment of
consigned inventory, and Oatley, Bystrom &Hansen, PC made
appropriate adjustments to the consolidated financial statements
issued by the Company in its Form 10-KSB for the fiscal year ended
December 31, 1998. In the Company's view, the consolidated financial
statements issued by the Company in its Form 10-KSB accurately
account for its inventory.
(d) The Registrant has requested that Oatley, Bystrom & Hansen,
PC furnish it with a letter addressed to the SEC stating
whether it agrees with the above statements. A copy of
Oatley, Bystrom & Hansen's letter to the SEC, dated July 7,
1999, is filed as Exhibit 16.1 to the form 8-K/A.
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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 thereunto duly authorized.
RMED International, Inc.
Date: July 8, 1999 By: /s/ Brenda Schenk
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Brenda Schenk, President & Principal
Financial Officer
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OATLEY BYSTROM & HANSEN
A Professional Corporation of CPAs
6061 South Willow Drive, Suite 230
Greenwood Village, Colorado 80111
(303) 770-8383-Fax (303) 721-6925
July 7, 1999
Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549
Ladies and Gentlemen:
This letter is in response to the request of RMED International, Inc. (the
"Company"), to review a draft of a Form 8-K/A, amending the Form 8-K of the
Company filed with the SEC on June 16, 1999, a copy of which was provided to the
undersigned by the Company. We have no disagreement with the disclosure made in
the Form 8-K/A. We understand that this letter will be filed with the Form 8-K/A
together with our letter, dated June 17, 1999, in response to the original Form
8-K.
Very truly yours,
By: /s/ D.H. Oatley
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Oatley Bystrom & Hansen
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Business Advisors o Financial Consultants
American Institute of Certified Public Accountants
Colorado Society of Certified Public Accountants
SEC Practice Section o Private Companies Practice Section
