SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): October 1, 1999
PROGRESSIVE TELECOMMUNICATIONS CORPORATION
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Exact name of registrant as specified in its charter
Nevada 0-15413 95-3480640
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State of other jurisdic- Commission File No. I.R.S. Employer
tion of incorporation ID No.
or organization
601 Cleveland Street, Suite 930, Clearwater, Florida 33755
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(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
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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
(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 of Jay 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 has requested that Jay J. Shapiro C.P.A. furnish
it with a letter addressed to the Securities and Exchange Commission
stating whether or not it agrees with the statement made by the Registrant
in response to this Item 4 and, if not, stating the respects in which it
does not agree. The Registrant delivered a copy of this Form 8-K report to
Jay J. Shapiro, C.P.A. on October 6, 1999. The Registrant will file, by
amendment, as an exhibit to this Form 8-K report, a copy of such letter
when it is received.
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. to be filed by
Amendment
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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
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Barry Shevlin, CEO
Dated: October 6, 1999
