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U.S. 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): November 12, 1997
Petrol Industries, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Nevada 0-3912 75-1282449
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(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation of Organization) File Number) Identification No.)
202 N. Thomas, Suite 4, Shreveport, LA 71107-6539
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (318) 424-6396
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
a. Effective November 12, 1997, Petrol Industries, Inc. ("Petrol)
dismissed its prior certifying accountants KPMG Peat Marwick ("KPMG") and
retained as its new certifying accountants, Heard, McElroy & Vestal, L.L.P.
("HMV"). KPMG's report on Petrol's financial statements during the two most
recent fiscal years and all subsequent interim periods preceding the date
hereof contained no adverse opinion or a disclaimer of opinions, and was not
qualified as to audit scope or accounting principles. KPMG has indicated a
going concern opinion on Petrol's financial statements and we presently
expect HMV to issue a similar opinion on our current statements. The
decision to change accountants was approved by Petrol's Board of Directors.
During the last two fiscal years and the subsequent interim period to
the date hereof, there were no disagreements between Petrol and KPMG on any
matters of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of KPMG, would have caused it to make a
reference to the subject matter of the disagreements in connection with its
reports.
None of the "reportable events" described in Item 304(a)(1)(ii) occurred
with respect to Petrol within the last two fiscal years and the subsequent
interim period to the date hereof.
b. Effective November 12, 1997, Petrol engaged Heard, McElroy & Vestal,
L.L.P. as its principal accountants. During the last two fiscal years and
the subsequent interim period to the date hereof, Petrol did not consult
Heard, McElroy & Vestal L.L.P. regarding any of the matters or events set
forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.
SIGNATURE
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.
PETROL INDUSTRIES, INC.
s/Joseph M. Rodano
Date: November 19, 1997 By:_______________________________
Joseph M. Rodano
President
