SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) January 28, 1997
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Endorex Corp.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-11572 41-1505029
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(Commission File Number) (IRS Employer Identification No.)
3233 15th Street South, Fargo, North Dakota 58104
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (701) 232-9575
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(Former name or former address, if changed since last report)
ITEM 4. Change in Registrant's Certifying Accountants
(a) (i) The Registrant's independent public accountants, Moore
Stephens, P.C. ("MS"), were dismissed on January 20, 1997.
(ii) MS's report on the financial statements for either of the
past two years did not contain an adverse opinion or
disclaimer of opinion and was not modified as to
uncertainty, audit scope or accounting principles.
(iii) The decision to change accountants was approved by the Board
of Directors of the Registrant on January 7, 1997.
(iV) There were no disagreements or reportable events with MS,
whether or not resolved, on any matter of accounting
principles or practices, financial statement disclosure,
or auditing scope or procedure, which, if not resolved to
MS's satisfaction, would have caused it to make reference
to the subject matter of the disagreements in connection
with its reports.
(b) (i) Coopers and Lybrand L.L.P. ("C&L") was engaged by the
Registrant on January 20, 1997. C&L was not consulted by the
Registrant with respect to the application of accounting
principles to a specific completed transaction or
contemplated transaction, or the type of audit opinion
that might be rendered on the Registrant's financial
statements.
EXHIBIT
16. Letter on change in certifying accountant.
MOORE STEPHENS, P.C.
January 28, 1996
Securities and Exchange Commissiion
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Endorex Corp., which we understand will
be filed with the Commission, pursuant to Item 4 of Form 8-K, as part of the
Company's Form 8-K report dated January, 20, 1997. We agree with the statements
concerning our Firm in such Form 8-K.
Very truly yours,
/s/ Moore Stephens, P.C.
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Moore Stephens, P.C.
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.
Endorex Corp.
(Registrant)
By: /s/ Michael S. Rosen
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President and Chief Executive Officer
