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 Act of 1934
January 5, 2001
Date of Report (Date of earliest event reported)
ADVANCED PRECISION TECHNOLOGY, INC.
NEVADA 000-31171 87-0455378
(State of other jurisdiction (Commission number) (I.R.S. Employer
of incorporation) identification No.)
2271-D South Vasco Road, Livermore, CA 94550
(Address of principal executive offices) (Zip)
925-447-6900
(Issuer's telephone number)
ADVANCED PRECISION TECHNOLOGY, INC.
Item 1. Changes in Control of Registrant
Not applicable
Item 2. Acquisition of Disposition of Assets
Not applicable
Item 3. Bankruptcy or Receivership
Not applicable
Item 4. Changes in the Small Business Issuer's Certifying Accountant.
1. Effective December 19, 2000, the Company engaged Feldman Sherb &
Co., P.C., CPA's. The previous auditor, Arthur Korn, CPA (Korn)
resigned at an earlier date when he agreed to become CFO for the
Company. The decision to change accountants was approved by
Advanced Precision Technology, Inc.'s Board of Directors.
The financial statements as of and for the years ended December
31, 1999 and 1998, contained no adverse opinion or a disclaimer of
opinion, and were modified as to uncertainty of the Company to
continue as a going concern.
During the two fiscal years ended December 31, 1999 and 1998 and
the subsequent interim period through January 5, 2001, (i) there
were no disagreements with Korn on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements if not resolved
to his satisfaction would have caused him to make reference in
connection with his report to the subject matter of the
disagreement, and (ii) Korn has not advised the small business
issuer of any of the information as defined in paragraph (B)(1)
through (3) of Regulations S-B Item 304 (a)(1)(iv).
2. Effective December 19, 2000, the Company engaged Feldman Sherb &
Co., P.C., CPAs, as its principal accountants to audit the
Company's Financial Statements. During the Company's last two most
recent fiscal years and the subsequent interim period to date
hereof, the Company has not consulted with Feldman Sherb & Co.,
P.C., CPAs, on items which (1) concerned the application of
accounting principles to a specified transaction, whether complete
or proposed or (2) concerned the subject matter of a disagreement
or reportable event with Arthur Korn, CPA.
3. The Company has requested Arthur Korn, CPA to furnish it with a
letter addressed to the Securities and Exchange Commission stating
whether Arthur Korn, CPA agrees with the statements contained in
the first paragraph above. A copy of the letter from Arthur Korn,
CPA to the Securities and Exchange Commission is filed as Exhibit
1 hereto.
Item 5. Other Events
Not applicable
Item 6. Resignation of Directors.
Not applicable
Item 7. Financial Statements and Exhibits
A. Exhibits
Exhibit 1: Letter from Arthur Korn, CPA to the Securities and
Exchange Commission dated January 5, 2001.
Item 8. Change in Fiscal Year
Not applicable
Item 9. Sales of Equity Securities Pursuant to Regulation S
Not applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
issuer has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: January 5, 2001 BY: /s/ Bruce Pastorius
--------------------------
Bruce Pastorius
President, Advanced Precision
Technology, Inc.
