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: March 29, 1998
Commission file number 033-03328-D
COFITRAS ENTERTAINMENT, INC.
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Nevada 87-041035
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
476 East South Temple #205
SALT LAKE CITY, UT 84111
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code:
(801) 944-4452
Send copy of any responses to:
Attorney for Registrant - Julian D. Jensen: (801) 531-6600
Law Offices
Jensen, Duffin, Carman, Dibb & Jackson
311 South State Street, Ste. 380
Salt Lake City, UT 84111
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Item 4. Changes in Registrant's Certifying Accountants
On March 22, 1999, the Registrant selected Hansen, Barnett & Maxwell,
CPA's, of Salt Lake City, Utah, to serve as its new independent accountants and
auditors and, accordingly, consensually dismissed Jones Jensen & Co., CPA's of
Salt Lake City, Utah, with a vote of thanks for their services as the prior
auditors. The decision to engage Hansen, Barnett & Maxwell and dismiss Jones
Jensen & Co. was approved by the Board of Directors of the Registrant. Prior to
retaining Hansen, Barnett & Maxwell, the Registrant did not consult with Hansen,
Barnett & Maxwell prior to March 22, 1999 regarding any reportable matter.
The reports of Jones Jensen & Co. on the financial statements for the past
two fiscal years contained no adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope, or accounting
principle. The reports state, however, that the financial statements were
prepared on the basis of the Company continuing as a "going concern," but that
there was substantial doubt about the Company's ability to continue as a going
concern. During the two most recent fiscal years and through March 22, 1999,
there have been no disagreements with Jones Jensen & Co. on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements if not resolved to the satisfaction of
Jones Jensen & Co., would have caused them to make reference thereto in their
report on the financials statements for such years.
The Company has recently noted to its auditors that Articles of Amendment
for the Company as necessary to complete an earlier proposal to change the
authorized capital of the Company from 75,000,000 shares to 300,000,000 shares
was not recorded of record and was incorrectly reported by the Company to the
auditors. Future financial statements should reflect the capitalization at
75,000,000 authorized common shares.
The Registrant has requested that Jones Jensen & Co. furnish it with a
letter addressed to the SEC stating whether or not it agrees with the above
statements. A copy of such letter, dated March 29, 1999, if filed as Exhibit "A"
to this form 8-K.
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Item 7. Financial Statements and Exhibits
ATTACHED EXHIBITS:
(A) Letter from Jones Jensen & Co.
/s/ 03/30/99
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By: Damon Madsen, President Date
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EXHIBIT A
[LETTERHEAD]
March 29, 1999
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Re: Cofitras Entertainment, Inc.
Ladies and Gentlemen:
We have read the Company's statements included under Item 4 of its Form 8-K
dated March 29, 1999, and we agree with such statements.
Very truly yours.
/s/ Jones, Jensen & Company
Jones, Jensen & Company
