SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDED CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 26, 1997
GOLF VENTURES, INC.
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Exact name of registrant as specified in its charter
Utah 0-21337 87-0403864
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State or other jurisdiction Commission File No. IRS Employer ID #
of incorporation
255 South Orange Avenue, Suite 1515, Orlando, Florida 32801
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Address and zip code of principal executive offices
407-245-7557
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Registrant's telephone number
On May 6, 1998, Registrant filed a report on Form 8-K/A disclosing, among
other things, information concerning a change in outside auditors.
Inadvertantly, a letter from the outgoing auditors was omitted from the exhibits
filed on May 6, 1998. This filing is made exclusively for the purpose of filing
the previously omitted exhibit.
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Item 1. Changes in Control of Registrant
Not Applicable.
Item 2. Acquisition or Disposition of Assets
Not Applicable.
Item 3. Bankruptcy or Receivership
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant
On March 13, 1998, the Company formally terminated its independent auditor
relationship with Jones Jensen & Co. (A response letter from Jones Jensen & Co.
is attached to this filing as an exhibit.)
Each of Jones, Jensen's reports on the financial statements of the Company
for the fiscal years ended March 31, 1997 and 1996 were qualified as to
uncertainty with respect to the Company's ability to continue as a going
concern.
The decision to change accountants was approved by the Company's Board of
Directors.
During the fiscal years ended March 31, 1997 and 1996, and during the period
April 1, 1997 through March 13, 1998, there were no disagreements with Jones,
Jensen on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedures or any reportable event.
On March 19, 1998, the Company formally engaged BDO Seidman LLP ("BDO") as
its independent auditors who will audit and report on the financial statements
of the Company for the fiscal year ended December 31, 1997. (A copy of the BDO
engagement letter tin attached to this filing as an exhibit.)
Prior to engaging BDO, neither the Company nor anyone acting on its behalf
consulted with BDO regarding the application of accounting principles to any
specified transaction or the type of audit opinion that might be rendered on the
Company's financial statements. In addition, during the Company's fiscal years
ended March 31, 1997 and 1996, and the interim period from April 1, 1997 to
March 13, 1998, neither the Company nor anyone acting on its behalf consulted
with BDO with respect to any matters that were the subject of a disagreement (as
defined in Item 304(a)(1)(iv) of Regulation S-K) or a reportable event (as
described in Item 304(a)(1)(v) of Regulation S-K).
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Item 5. Other Events
Not Applicable.
Item 6. Resignation of Registrant's Directors
Not Applicable.
Item 7. Financial Statement, Pro Forma Financial Information and Exhibits
Not Applicable.
Item 8. Changes in Fiscal Year
Not Applicable.
Item 9. Sales of equity securities pursuant to Regulation S
Not Applicable.
The following exhibits are filed with the Report.
Exhibit No. Description
10.1 Letter from Jones, Jensen & Co. recognizing the cessation
of the independent auditor relationship.
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GOLF VENTURES, INC.
/s/ Warren Stanchina
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Warren Stanchina, President
DATED: May 19, 1998
May 15, 1998
Securities and Exchange Commission
450 Fifty Street, N.W.
Washington, D.C. 20549
Re: Golf Ventures, Inc.
Dear Sirs:
We have read Item 4 of Golf Ventures, Inc. form 8-K/A dated May 6, 1998 and are
in agreement with the statements contained therein, so far as those statements
pertain to Jones, Jensen & Company.
Sincerely,
/s/ Jones, Jensen & Company
Jones, Jensen & Company
