SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT TO CURRENT REPORT
FILED PURSUANT TO SECTION 12., 13. OR 15(d)
JETBORNE INTERNATIONAL, INC.
(Exact name of Registrant as specified in its charter)
AMENDMENT NO. 1
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Current Report dated April 13,
1998 on Form 8-K as set forth in the pages attached hereto;
(List all such items, financial statements, exhibits or other
portions amended)
This Amendment to the Current Report on Form 8-K dated April 13, 1998
adds:
Item 7. Financial Statements and Exhibits to file a Reg. S-K, Item 601(b)(16)
letter regarding Change in Certifying Accountant reflecting the principal
accountant's disagreement with statements of the Registrant made in the
current report concerning the registration of the Registrant's principal
accountant pursuant to Reg. S-K, Item 304(a)(3).
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
JETBORNE INTERNATIONAL, INC.
May 20, 1998 BY:/s/Ephriam Brodatch
Ephriam Brodatch, President
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
April 13, 1998
(Date of Report)
JETBORNE INTERNATIONAL, INC.
Delaware 0-16039 59-2768257
(State of Other Juris- (Commission (IRS Employer Iden-
diction of Incorporation) File Number) tification Number)
8361 Northwest 64th Street
Miami, Florida 33166
(Address of Principal Executive Offices) (Zip Code)
(305) 591-2999
(Registrant's Telephone Number)
None
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(b) The Registrant has engaged a new independent certifying
accountant as its principal accountant to audit the Company's financial
statements. The new auditor, Schmidt, Raines, Trieste, Dickensen & Adams,
P.L., with offices in Boca Raton, Florida, was engaged on April 13, 1998. The
new independent auditor was engaged specifically as the principal accountant
to audit the Registrant's financial statements for the fiscal year ended April
30, 1997 following the prior resignation of the Company's former independent
certifying accountant, Norman A. Eliot & Co. The new Auditor has also been
engaged to prepare and audit the Company's financial statements for the
"stub"-period ending December 31, 1998 coincident with the Company's decision
to change its accounting year as previously reported from April 30th to
December 31st.
The Company's former auditor has been authorized by the Company to
provide the Company's new auditor with information, consultation or
documentation without limit or restraint.
Neither the Registrant nor anyone on the Registrant's behalf has
consulted the newly engaged accountant regarding the application of accounting
principles to a specified transaction or with respect to the type of audit
opinion that might be rendered on the Registrant's financial statements.
There has been no written report or oral advice provided which was a factor
considered by the Registrant in reaching a decision on any matter.
There was no disagreement or any reportable event in connection with the
Registrant's change of accountants for the fiscal year ended April 30, 1997 or
for the newly determined "stub"-period ended December 31, 1997.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits:
(b)(10) Letter regarding Change in Certifying Accountant dated May 7,
1998 (received by Registrant May 12, 1998)
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
JETBORNE INTERNATIONAL, INC.
Dated: May 20, 1998
BY:/s/Ephriam Brodatch
Ephriam Brodatch, President
NORMAN A. ELIOT & CO.
Certified Public Accountants
Norman A. Eliot, C.P.A. 9400 South Dadeland Boulevard
Florence L. Krantz, C.P.A. Miami, Florida 33156
John Blumenthal, C.P.A. Phone: (305) 670-4444
Fax: (305) 670-0105
May 7, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Jetborne International, Inc.
(Commission File #0-16039)
Gentlepeople:
We were previously principal accountants and independent auditors
for Jetborne International, Inc. (the "Company) and resigned on
February 27, 1998 prior to issuing our Independent Auditor's Report
on the Company financial statements at April 30, 1996 and April 30,
1997.
Subsequently, on April 9, 1998, we were re-engaged to complete our
audit and issue our Independent Auditor's Report on the financial
statements at April 30, 1996; we were not re-engaged for the
subsequent periods. Our Independent Auditor's Report was issued
under the date of August 16, 1996, extended October 14, 1997, as to
certain matters that took place during December 1996, March, 1997
and September 1997 and as described in Note 16.
We have read Jetborne's statements included under item 4 of its
Form 8-K dated April 9, 1998 and April 13, 1998 and we do not agree
with several of the statements as noted below:
1. Form 8-K April 9, 1998:
A. The 5th paragraph of item 4 states "During the two most
recent fiscal years and the subsequent interim period
preceding the Auditor's resignation and/or dismissal,
there were not disagreements with the Auditor on any
matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure which
if not resolved to the satisfaction of the Auditor would
have caused it to make a reference in connection with its
report. The Registrant has authorized Norman A. Eliot &
Co. to respond fully to the inquiries of its successor
accountant concerning any matter without limitation of
any sort".
We disagree with the aforementioned statement as there
were disagreements primarily revolving around a scope
limitation, imposed by the Company, on auditing
procedures that were established by this firm in
connection with an inventory purchase from a subsidiary
of Rada Electronics Industries Limited (the Company's
present parent company) which only affected disclosures
in the April 30, 1996 financial statements but would have
significantly affected the financial statements at April
30, 1997.
<PAGE>
Securities and Exchange Commission
Page 2
May 7, 1998
1. Form 8-K April 9, 1998 (continued):
B. The 2nd paragraph of item 4 indicates that this firm
noticed resignation and withdrawal from its engagements
for both years ended April 30, 1996 and April 30, 1997.
As indicated above, the resignation was dated February
27, 1998 and the re-confirmation of the re-engagement was
dated April 9, 1998. The confirmation of the re-
engagement also referred to data required in connection
with the finalization of the April 30, 1996 financial
statements (received) and a commitment from Jetborne with
confirmation of the re-engagement, and a guarantee, from
the parent corporation, of the payment of the
indebtedness, for the payment of agreed-to unpaid fees.
As of this date, the commitment has not been met even
though the Independent Auditor's Report at April 30, 1996
was issued and full responses to the inquiries of the
successor was provided at a meeting held on April 9, 1998
with requested portions of our files submitted to the
successor on April 16, 1998.
2. Form 8-K April 13, 1998:
The 4th paragraph states "There was no disagreement or
any reportable event in connection with the Registrant's
change of accountants for the fiscal year ended April 30,
1997 or for the newly determined "stub" period ended
December 31, 1997".
We disagree with the aforementioned statement as there
were disagreements primarily revolving around a scope
limitation, imposed by the Company, on auditing
procedures that were established by this firm in
connection with an inventory purchase from a subsidiary
of Rada Electronics Industries Limited (the Company's
present parent company) which only affected disclosures
in the April 30, 1996 financial statements but would have
significantly affected the financial statements at April
30, 1997.
Very truly yours,
NORMAN A. ELIOT & CO.
/s/Norman A. Eliot
Norman A. Eliot, CPA
NAE/pr
