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) AUGUST 13, 1999
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OAK TREE MEDICAL SYSTEMS, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-16206 02-0401674
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(STATE OR OTHER (COMMISSION FILE (IRS EMPLOYER
JURISDICTION OF NUMBER) IDENTIFICATION NO.)
INCORPORATION)
2797 Ocean Parkway
BROOKLYN, NEW YORK 11235
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(718) 769-6042
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REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
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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
The accounting firm of Most Horowitz & Company, LLP ("Most
Horowitz") was engaged as the independent accountants of Oak Tree Medical
Systems, Inc. (the "Company") for the fiscal years ended May 31, 1997 and May
31, 1998. On August 13, 1999, Most Horowitz resigned as the Company's
independent accountants. Most Horowitz' reports on the financial statements of
the Company for the two most recent fiscal years did not contain an adverse
opinion or disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope, or accounting principles. During the Company's two
most recent fiscal years and for the interim periods thereafter there were no
disagreements between the Company and Most Horowitz 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 Most
Horowitz, would have caused it to make reference to the subject matter of the
disagreement in connection with its reports. On August 16, 1999 the Company's
Board of Directors engaged Grant Thornton, LLP as the Company's independent
accountants for the fiscal year ended May 31, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a) Financial Statements of Business Acquired
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) EXHIBITS
16 Letter from Most Horowitz & Company, LLP, dated August
19, 1999, regarding the company's change in independent
accountants.
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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.
OAK TREE MEDICAL SYSTEMS, INC.
Dated: August 19, 1999 By: /S/ SIMON BOLTUCH
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Simon Boltuch
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
16 Letter from Most Horowitz & Company, LLP, dated
August 19, 1999, regarding the company's change
in independent accountants.
EXHIBIT 16
MOST HOROWITZ & COMPANY, LLP
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
August 19, 1999
Gentlemen:
We have read the statements made by Oak Tree Medical Systems, Inc.
included under Item 4 of its Form 8-K, dated August 19, 1999, and we agree with
the statements concerning our Firm in such Form 8-K.
Very truly yours,
/S/ MOST HOROWITZ & COMPANY, LLP
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Most Horowitz & Company, LLP
