SECURITIES AND EXHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OF 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) August 16, 1999
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Wavetech International, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Nevada 001-15482 86-0916826
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification Number)
5210 E. Williams Circle, Suite 200 Tucson, Arizona 85711
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (520) 750-9093
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On August 16, 1999 Wavetech International, Inc. ("Wavetech" or the
"Company") appointed Ernst & Young LLP ("E&Y") as their independent auditors.
The Company's former auditors, Addison, Roberts & Ludwig, P.C. ("AR&L") declined
to stand for reelection as the Company's independent auditors due to the firm's
cessation of audit and accounting services and the withdrawal of all the firm's
partners. E&Y will perform the audit for the Company's fiscal year ending August
31, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits:
Exhibits Title
99 Press release, issued by Wavetech International, Inc.
dated August 17, 1999
2
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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 hereunto duly authorized.
WAVETECH INTERNATIONAL, INC.
By: /s/ Gerald I. Quinn
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Gerald I. Quinn
Chief Executive Officer
Date: August 17, 1999
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WAVETECH RETAINS ERNST & YOUNG AS AUDITORS
Image and Services of Big Five Firm Meets Wavetech's Strategic Requirements
TUCSON, AZ, August 17 -- Wavetech International, Inc. (OTC BB: ITEL) announced
today that it has retained Ernst & Young, LLP a big five accounting firm, as its
independent auditor. Ernst & Young replaced Addison, Roberts & Ludwig, P.C., a
smaller local accounting firm.
"We felt we needed the services of a big five accounting firm in keeping with
our business plan to grow Wavetech into a provider of leading-edge technology
and services for communications worldwide," said Gerald Quinn, Wavetech's
President & CEO. "Ernst & Young's knowledge of accounting practices around the
globe and their impeccable reputation made them the ideal choice as auditor for
Wavetech. We are delighted that Ernst & Young has agreed to become our auditor."
Wavetech International, Inc., founded in 1993, is a facilities-based
communications company. Wavetech is one of the first companies to focus
exclusively on IP (Internet Protocol) based long distance services.
THIS PRESS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS MADE PURSUANT TO
THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. THIS INFORMATION MAY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM SUCH FORWARD-LOOKING STATEMENTS.
FACTORS THAT WOULD CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT
LIMITED TO, THOSE FACTORS DETAILED BY WAVETECH IN ITS FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION.
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CONTACT: BILL ROBERTS, CTC INC., 937-434-2700
