SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) May 9, 1995_____
MANAGEMENT TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its Charter)
NEW YORK
(State of other jurisdiction of incorporation)
0-17206 13-3029797
Commission File No. I.R.S. Employer Identification
335 Madison Avenue, New York, NY 10017
Address of principal Zip Code
executive offices
(212) 557-0022
Registrant's telephone
number, including area code
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
On May 9, 1995, the Registrant ("Company") engaged KMPG Peat Marwick LLP
as its principal independent accountant to audit the Company's financial
statements starting with its fiscal year ended April 30, 1995. The decision
to change principal accountant was recommended by the audit committee of the
Board of Directors. Accordingly, the engagement of Goldstein & Morris, the
Company's prior independent accountant, was not renewed.
In connection with the audits of the fiscal years ended April 30, 1993 and
April 30, 1994, there was no disagreement with Goldstein & Morris on any
matter of accounting principles or practices, financial statement disclosure,
or auditing scope or procedures, which disagreement, if not solved to their
satisfaction would have caused them to make reference in connection with
their opinion to the subject matter of the disagreement.
The audit reports of Goldstein & Morris on the consolidated financial
statements of the Company and its subsidiaries as of and for the years ended
April 30, 1993 and April 30, 1994, did not contain any adverse opinion or
disclaimer opinion, nor were they qualified or modified as to uncertainty,
audit scope, or accounting principles. However, each of the reports for the
years ended April 30, 1993 and April 30, 1994, respectively, contained an
explanatory paragraph regarding the uncertainty about the Company's ability
to continue as a going concern.
EXHIBIT
1. Copy of Goldstein & Morris letter to the United States Securities &
Exchange Commission, dated May 10, 1995
SIGNATURE
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.
Dated: New York, N.Y.
May 15, 1995
MANAGEMENT TECHNOLOGIES, INC.
(Registrant)
By: /s/ Anthony J. Cataldo Anthony J. Cataldo
Chairman and Chief Executive Officer
GOLDSTEIN and MORRIS
CERTIFIED PUBLIC ACCOUNTANTS, P.C.
501 FIFTH AVENUE
NEW YORK, N.Y. 10017
ALBERT M. GOLDSTEIN TELEPHONE (212) 682-3378
EDWARD B. MORRIS FAX (212) 599-6438
ALAN J. GOLDBERGER
May 10, 1995
United States Securities and Exchange Commission
Washington, D.C. 20549
Re: Management Technologies, Inc. Commission File No. 0-17206
Gentlemen:
The within is to confirm that the undersigned has been provided with the 8-K
Current Report dated May 9, 1995 by Management Technologies, Inc., and has
reviewed Item 4 of said Report.
We do not disagree with the disclosure contained in Item 4 and do not have any
dispute with the Registrant concerning its accounting practices.
Very truly yours,
/s/ Goldstein & Morris
Goldstein and Morris
