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) January 13, 1998.
SEPRAGEN CORPORATION
(Exact name of registrant as specified in its charter)
California 0-25726 68-0073366
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
30689 Huntwood Avenue
Hayward, California 94544
(Address of principal executive office, zip code)
Registrant's telephone number, including area code: (510) 476-0760
(Former name or former address, if changed since last report): N/A
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Item 4
Changes in Registrant's Certifying Accountant
(i) Effective January 13, 1998, Coopers & Lybrand LLP, was
dismissed as independent accountants for Sepragen Corporation.
(ii) Commencing with the audit report and the financial
statements for the Company's fiscal year ended December 31, 1996,
Coopers & Lybrand LLP's opinion on the financial condition of the
Company was modified due to recurring losses and cash flow deficiencies
from operations that raised substantial uncertainty as to the Company's
ability to continue as a going concern, as more fully described in Note
1 to the Company's financial statements for such period.
(iii) The decision to change the Company's independent
accountants was approved by the Board of Directors of the Company.
(iv) There have been and are no current disagreements with
Coopers & Lybrand LLP on any matter of accounting principles or
practices, financial statements disclosure, or auditing scope or
procedure.
Item 7
Financial Statements and Exhibits
The following Exhibits are filed as part of this report.
16.1 Letter on Change in Certifying Accountant.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has caused this report to be signed on its behalf
by the undersigned duly authorized.
SEPRAGEN CORPORATION
Date: January 20, 1998 By: /s/ Vinit Saxena
Vinit Saxena, Chief Executive
Officer, President,
Principal Financial Officer and
Chief Accounting Officer
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INDEX TO EXHIBITS
Sequential
No. Description Page No.
16.1 Letter on Change in
Certifying Accountant 5
COOPERS & LYBRAND L.L.P.
333 Market Street
San Francisco, CA 94105-2119
January 20, 1998
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Sepragen Corporation
(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 1998. We agree with the
statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
