SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
AMENDMENT NO. 1
TO
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: October 1, 1999
(Date of earliest event reported)
PROGRESSIVE TELECOMMUNICATIONS CORPORATION
Exact name of registrant as specified in its charter
Nevada 0-15413 95-3480640
State of other jurisdiction of Commission File No. I.R.S. Employer
incorporation or organization ID No.
601 Cleveland Street, Suite 930, Clearwater, Florida 33755
(Address of principal executive offices)
Registrant's telephone number, including area code: (727) 466-9898
Marquee Entertainment, Inc.
6404 Wilshire Boulevard, Suite 550, Los Angeles, California 90048
(Former name or former address if changed since last report)
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) At it's board meeting on October 1, 1999, the Board of Directors of
Progressive Telecommunications Corporation (the "Registrant") engaged the
accounting firm of Meeks Dorman & Company, P.A. as independent accountants
for the Registrant for 1999, subject to approval of shareholders.
The work ofJay J. Shapiro, C.P.A. was terminated on October 1, 1999.
Mr. Shapiro resigned by letter dated September 24, 1999 which the Registrant
received on October 1, 1999. The Registrant intended to terminate
Mr. Shapiro and replace him with Meeks Dorman & Company, P.A. in connection
with the Registrant's acquisition of Progressive Telecommunication
Corporation.
(b) During the two most recent fiscal years and interim period subsequent
to September 30, 1998, there have been no disagreements with Jay J. Shapiro,
C.P.A. on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure or any reportable events.
(c) Discharged's reports on the financial statements for the past two years
contained no adverse opinion or disclaimer of opinion and was not qualified
or modified as to uncertainty, audit scope or accounting principles.
However, the audit report of Jay J. Shapiro C.P.A. dated December 23, 1998
for the year ended September 30, 1998 did raise concerns as to the
Registrant's ability to continue as a going concern during fiscal 1999
based on its current cash position being inadequate to meet its operating
needs and significant losses incurred during fiscal year 1998.
(d) The Registrant is filing herewith a letter from Jay J. Shapiro C.P.A.
addressed to the Securities and Exchange Commission stating that he agrees
with the statement made by the Registrant in response to this Item 4. The
Registrant is hereby amending Form 8-K filed on October 6, 1999 to include,
as an exhibit to this Form 8-K report, a copy of such letter.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) none
(b) none
(c) Exhibits
16. Letter from Jay J. Shapiro, C.P.A. (filed herewith)
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
PROGRESSIVE TELECOMMUNICATIONS
CORPORATION
By: /s/ Barry Shevlin
Barry Shevlin, CEO
Dated: November 12, 1999
P9725251 3
Jay J. Shapiro
A Professional Corporation
16501 Ventura Boulevard
Suite 650
Encino, California 91436
Tel. (818) 990-4204 Fax (818) 990-4944
November 16, 1999
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
PROGRESSIVE TELECOMMUNICATIONS CORPORATION
I agree with statements (a), (b) and (d) under the Item #4 in the form 8-k
report of Progressive Telecommunications Corporation dated October 1, 1999,
concerning changes in Registrant's Certifying Accountant.
I am unable to agree with statement #4 (c) as my report dated
December 23, 1998 on fiscal 1997 and 1998 was appropriately modified for
uncertainty regarding the Registrant's ability to continue as a goin concern.
Sincerely,
/s/ Jay J. Shapiro
Jay J. Shapiro
