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): December 16, 1999
OPAL TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
33-18834-LA
(Commission file number)
Nevada 87-0306464
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(State or other jurisdiction of incorporation) (I.R.S. Employer
Identification Number)
Suite 4704, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong
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(Address of principal executive offices) (Zip code)
011-852-2541-1999
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
(a) Resignation of Independent Accounting Firm
(i) Arthur Andersen & Co. the Registrant's certifying accountant
resigned as the Company's auditor on December 16, 1999.
(ii) The certifying accountant's report on the financial statements
for the past two years contained no adverse opinion, no disclaimer of
opinion nor was qualified or modified as to uncertainty audit scope or
accounting principals. However, the report on the year-ended December 31,
1998 did contain a going concern qualification.
(iii) Not applicable.
(iv) During the preceding two years and subsequent interim periods
preceding their resignation, the Registrant had no disagreements with the
certifying accountants on any matter of accounting principle or practice,
financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of the certifying
accountants, would have caused it to make reference to the subject matter
of the disagreements in connection with their report.
(v) Not applicable.
(b) Engagement of New Independent Accountants
On February 9, 2000, the Registrant's board of directors formally
engaged Grant Thornton as its new certifying accountants (the "new
accounting firm") to audit the Registrant's financial statements.
The Registrant, during the two most recent fiscal years and the
subsequent interim periods prior to the engagement of the new accounting
firm, did not consult with the new accounting firm with regard to any of
the matters listed in Regulation S-K Items 304(a)(2)(i) or (ii).
2
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Item 7. Financial Statements and Exhibits.
(c) Exhibits
16.1 Letter from Arthur Andersen re. change in certifying accountant
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.
OPAL TECHNOLOGIES, INC.
By: /s/ John Koon
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John Koon, President
Date: February __, 2000
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Arthur Andersen & Co.
Certified Public Accountants
United States Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20559
RE: OPAL TECHNOLOGIES, INC.
Gentlemen:
We have acted as the Certifying Accountant for the aforementioned
Registrant for the fiscal year ended December 31, 1998. We resigned as the
Registrant's Certifying Account for the fiscal year ended December 31, 1999. We
have been provided with the required disclosures made by the Registrant to the
United States Securities and Exchange Commission. Upon review of the disclosures
and statements contained in the Form 8-K, this firm agrees with such disclosures
and statements made by the Registrant pursuant to Item 304(a)(1) of Regulation
S-K and hereby consents to the inclusion of this letter as an exhibit to Form
8-K.
Sincerely,
Arthur Andersen & Co.