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CURRENT REPORT FOR ISSUERS SUBJECT TO THE
1934 ACT REPORTING REQUIREMENTS
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15d of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 16, 1996
ADVANTAGE LIFE PRODUCTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-17414 84-1139554
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(State of Incorporation) (Commission (I.R.S. Employer
File Number) Identification No.)
13902 North Dale Mabry, Suite 119, Tampa, Florida 33618
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code: (813) 969-2002
285 Pinedge Drive, Berlin, New Jersey 08009
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(Former name, former address and former fiscal year, if changed since last
report.)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Corbin & Wertz, the independent accountants previously engaged by
Advantage Life Products, Inc. (the "Company"), as its principal accountants to
audit its financial statements, resigned on July 16, 1996. The decision to
resign was made by Corbin & Wertz. The Company's 1995 and 1994 fiscal years
financial statements each contained a "going concern" opinion. There were no
disagreements with the former accountants on any matter of accounting principles
or practices, financial statement disclosure or auditing scope or procedure.
Corbin & Wertz did not review the financial statements included in the
Company's Quarterly Reports on Form 10-QSB for the quarters ended July 31, 1995,
October 31, 1995 or January 31, 1996 and was not involved with the filing of
those reports. Consequently, Corbin & Wertz expressed no opinion regarding those
financial statements.
However, as part of determining whether to be engaged in the annual
audit of the financial statements of the Company for 1996, Corbin & Wertz
informed management that, after reading the Company's Quarterly Report on Form
10-QSB for the quarter ended January 31, 1996 (as filed with the Securities and
Exchange Commission) and obtaining a verbal update from management as to the
current status of the Company, they believed that the financial statements
included in the Form 10-QSB for the three and nine months ended January 31, 1996
should have reflected a material adjustment to the carrying value of the
Company's long-term assets, including goodwill, to properly reflect the
recoverability of such assets. Corbin & Wertz advised management to evaluate the
Form 10-QSB for the period ended January 31, 1996 and consider the reissuance
thereof in light of its comments.
The Company made the adjustments suggested by Corbin & Wertz in its
annual financial statements for the year ended April 30, 1996.
The Company retained the firm of Guida & Jimenez, P.A. as the Company's
independent accountants on July 30, 1996.
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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.
Date: October 3, 1996
ADVANTAGE LIFE PRODUCTS, INC.
By: /s/ Alan S. Lipstein, President
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Alan S. Lipstein, President
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Exhibit Index
EX-99 Letter from former accountants of Advantage Life Products, Inc.,
dated October 3, 1996, regarding disclosure contained in
Form 8-K filed by Advantage Life Products, Inc.
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October 3, 1996
Office of the Chief Accountant
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: Form 8-K for Advantage Life Products, Inc.
Change in Certifying Accountant
File No. 0-17414
Dear Sirs:
We have read Item 4 included in the Form 8-K dated July 16, 1996 (date
of earliest event reported) of Advantage Life Products, Inc. filed with the
Securities and Exchange Commission and are in agreement with the statements
contained therein.
/s/ Corbin & Wertz
CORBIN & WERTZ
/les
cc: Mr. Alan Lipstein, Advantage Life Products, Inc.
