SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) January 17, 1997
PHOENIX INFORMATION SYSTEMS CORP.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-26532 13-3337797
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
100 Second Avenue South, Suite 1100, St. Petersburg Florida 33701
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (813) 894-8021
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
On November 20, 1996, the Registrant re-elected its auditor, Coopers &
Lybrand L.L.P. ("Coopers & Lybrand"). On January 17, 1997, Coopers & Lybrand
notified the Registrant that the client-auditor relationship between the
Registrant and Coopers & Lybrand had ceased.
There were no disagreements between Coopers & Lybrand and the
Registrant on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure. The Registrant hereby
reiterates, as required by the Form 8-K rules, the previously disclosed fact
that Coopers & Lybrand rendered an opinion, for the year ended March 31, 1996,
that there was substantial doubt as to the Registrant's ability to continue as a
going concern. However, neither Coopers & Lybrand nor the Registrant has cited
this or any other reason for the cessation of the client-auditor relationship.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit No. Description of Exhibit
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16 Letter from Coopers & Lybrand L.L.P. to
the Securities and Exchange Commission
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.
Phoenix Information Systems Corp.
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(Registrant)
Date January 27, 1997 By /s/ Leonard S. Ostfeld
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(Signature)
Leonard S. Ostfeld, V.P., CFO
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(Print the name and title of the
signing officer)
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EXHIBIT INDEX
Exhibit No. Description Of Exhibit
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16 Letter from Coopers & Lybrand L.L.P. to
the Securities and Exchange Commission
[LETTERHEAD OF COOPERS & LYBRAND L.L.P.]
January 24, 1997
Securities and Exchange Commission
450 5th Street, NW
Washington, DC 20549
Gentlemen,
We have read the statements made by Phoenix Information Systems Corp. (copy
attached), which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K, as part of the Company's Form 8-K report for the month of
January 1997. We agree with the statements concerning our Firm in such Form
8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
