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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15d OF THE
SECURITIES EXCHANGE ACT OF 1934
APRIL 23, 1999
SEQUESTER HOLDINGS INCORPORATED
NEVADA 33-06827LA 95-4532103
23852 PACIFIC COAST HIGHWAY 434 MALIBU, CALIFORNIA 90265
1 310 317 0779 OR FAX 1 310 317 9499
FORMERLY AT 31125 VIA COLINAS, WESTLAKE VILLAGE, CALIFORNIA 91361
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ITEM 4 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
A. PREVIOUS INDEPENDENT AUDITORS
1. GRANT THORNTON LLP WAS DISMISSED FROM ITS POSITION AS THE
INDEPENDENT AUDITORS FOR THE REGISTRANT ON APRIL 14, 1999.
2. GRANT THORNTON'S REPORTS ON THE FINANCIAL STATEMENTS OF THE
REGISTRANT FOR THE THREE FISCAL YEARS ENDED JANUARY 31, 1998
CONTAIN NO ADVERSE OPINION OR DISCLAIMER OF OPINION AND WERE NOT
QUALIFIED OR MODIFIED AS TO AUDIT SCOPE OR ACCOUNTING PRINCIPLES.
SUCH REPORTS WERE MODIFIED TO INCLUDE AN EXPLANATORY PARAGRAPH
DISCUSSING SUBSTANTIAL DOUBT AS TO THE REGISTRANTS ABILITY TO
CONTINUE AS A GOING CONCERN.
3. THE REGISTRANTS BOARD OF DIRECTORS APPROVED THE CHANGE IN
ACCOUNTANTS.
4. DURING THE FISCAL YEARS ENDED JANUARY 31, 1997 AND 1998 AND THROUGH
APRIL 14, 1999 THEE HAS BEEN NO DISAGREEMENT BETWEEN THE REGISTRANT
AND GRANT THORNTON ON ANY MATTER OF ACCOUNTING PRINCIPLES OR
PRACTICES, FINANCIAL STATEMENT DISCLOSURE OR AUDITING SCOPE OR
PROCEDURE, WHICH DISAGREEMENT WOULD HAVE CAUSED THEM TO MAKE A
REFERENCE TO THE SUBJECT MATTER OF THE DISAGREEMENT IN CONNECTION
WITH THEIR REPORTS.
5. DURING THE FISCAL YEARS ENDED JANUARY 31, 1997 AND 1998 AND THROUGH
APRIL 14, 1999, THE REGISTRANT HAS NOT BEEN ADVISED OF ANY MATTERS
DESCRIBED IN REGULATION S-K, ITEM 304(a)(1)(v).
6. GRANT THORNTON LLP HAS FURNISHED A LETTER ADDRESSED TO THE
SECURITIES AND EXCHANGE COMMISSION STATING WHETHER IT AGREES WITH
THE STATEMENTS CONTAINED ABOVE. A COPY OF THIS LETTER IS ENCLOSED
AS EXHIBIT A.
B. NEW INDEPENDENT AUDITORS
THE REGISTRANT ENGAGED BENNETT BLOCK ACCOUNTANCY CORPORATION, 10866
WILSHIRE BLVD., LOS ANGELES, CALIFORNIA 90029 AS ITS NEW INDEPENDENT AUDITORS
AS OF APRIL 23, 1999. PRIOR TO SUCH DATE, THE REGISTRANT DID NOT CONSULT WITH
BLOCK REGARDING (1) THE APPLICATION OF ACCOUNTING PRINCIPLES, (2) THE TYPE OF
AUDIT OPINION THAT MIGHT BE RENDERED BY BLOCK OR (3) ANY OTHER MATTER DESCRIBED
IN ITEM 304(a)(1)(v) OF REGULATION S-K.
C. EXHIBITS EXHIBIT A LETTER GRANT THORNTON LLP
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.
Date: April 30, 1999 By: /s/ STEVE KARSH
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Steve Karsh
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EXHIBIT 99.1
[GRANT THORNTON LETTERHEAD]
April 23, 1999
Securities and Exchange Commission
Washington, D.C. 20549
Re: SeQuester Holding, Incorporated
File NO. 33-06827LA
Dear Sir or Madam:
We have read item 4 of the Form 8-K of Client Company dated April 23, 1999, and
agree with the statements contained in Section A of that Item. We do not have
sufficient knowledge to comment on the statements in Section B.
Very truly yours,
/s/ GRANT THORNTON LLP
