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UNITED STATES 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): March 3, 1998
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YOU BET INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 33-13789LA 95-4627253
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
1950 Sawtelle Boulevard, Suite 180, Los Angeles, California 90025
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 444-3300
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Not applicable
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(Former name or former address, if changed since last report.)
Total sequentially numbered pages in this document: 3.
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective March 3, 1998, You Bet International, Inc., a Delaware
corporation (the "Company"), engaged BDO Seidman, LLP ("BDO Seidman") as the
Company's new independent accountants. The engagement of BDO Seidman was
approved by the Company's Board of Directors.
Prior to the engagement of BDO Seidman, the Company did not consult with
such firm regarding the application of accounting principles to a specific
completed or contemplated transaction, or any matter that was either the subject
of a disagreement or a reportable event. However, prior to the engagement of
BDO Seidman, the Company consulted with such firm in order to confirm the
Company's expectation that the auditor's opinion with respect to the Company's
1997 consolidated financial statements would contain a modification paragraph
reflecting uncertainty with respect to the Company's ability to continue as a
going concern. No written report was issued by BDO Seidman.
The Company has provided BDO Seidman with a copy of the disclosures
contained herein, and such firm has indicated that no letter will be provided
containing any new information, clarification of the Company's expression of its
views, or the respects in which such firm does not agree with the statements
made by the Company in response to Item 304(a).
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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.
YOU BET INTERNATIONAL, INC.
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(Registrant)
Date: March 4, 1998 By: /s/ DAVID M. MARSHALL
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David M. Marshall
Chairman and Chief
Executive Officer
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