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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
January 14, 2000
Date of Report (Date of earliest event reported)
DIAMOND ENTERTAINMENT CORPORATION
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(Exact name of registrant as specified in its charter)
New Jersey
(State or other jurisdiction of incorporation or organization)
0-17953 22-2748019
(Commission file number) (I.R.S. employer identification number)
16200 Carmenita Road, Cerritos, California 90703
(Address of principal executive offices) (Zip Code)
Registrant's Telephone number, including area code: (562) 921-3999
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On January 14, 2000, the Registrant's independent public accountants,
Moore Stephens, P.C., ("MS"), terminated its client-auditor relationship with
the Registrant. On January 18, 2000, the Registrant's Board of Director's
approved the engagement of Merdinger, Fruchter, Rosen & Corso, P.C. to serve as
the Company's independent public accountants and to be the principal accountants
to conduct the audit of the Company's financial statements for the fiscal year
ending March 31, 2000, replacing the firm of Moore Stephens, P.C. who had been
engaged to audit the Company's financial statements for the fiscal years ended
March 31, 1996, 1997, 1998, and 1999. MS's report on the Registrant's financial
statements during the two most recent fiscal years contained no adverse or
disclaimer of opinion, however it did contain a going concern explanatory
paragraph. Management of the Company knows of no past disagreements with the
former accountants on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope, or procedure, which
disagreements, if not resolved to the satisfaction of MS, would have caused it
to make a reference to the subject matter of the disagreement in connection with
its reports.
ITEM 5. OTHER EVENTS
CHANGE OF ADDRESS. On January 28, 2000, the Company will be moving its
principal executive offices, including all of its other operations, from its
present address located at 16200 Carmenita Road, California 90703 to its new
location at 800 Tucker Lane, Walnut, California 91789.
ITEM 7(C) EXHIBITS.
The following exhibit is filed as part of this report in accordance
with the provision of Item 601 of Regulation S-B:
EXHIBIT NAME OF EXHIBIT
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16.0 Termination Letter from Moore Stephens, P.C. dated January 14, 2000.
16.1 Letter from Moore Stephens, P.C. dated January 20, 2000.
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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 thereunto duly authorized.
Dated: January 21, 2000 Diamond Entertainment Corporation
BY /S/ JAMES K.T. LU
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James K.T. Lu, President, Chief Executive
Officer, Principal Executive Officer and
Director
BY /S/ FRED U. ODAKA
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Fred U. Odaka, Chief Financial Officer,
Principal Financial Officer and Principal
Accounting Officer
MOORE STEPHENS, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
January 14,2000
Diamond Entertainment Corporation
16200 Carmenita Road
Cerritos, California 90703
Gentlemen:
This is to confirm that the client-auditor relationship between Diamond
Entertainment Corporation (Commission File Number 0-17953) and Moore Stephens,
P.C. has ceased.
Very truly yours,
/s/ Moore Stephens, P.C.
MOORE STEPHENS, P.C.
Certified Public Accountants
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street, N.W.
Washington, D.C. 20549
Exhibit 16.1
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January 20, 2000
Securities and Exchange Commission 450 5th Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We have read the statements made by Diamond Entertainment Corporation (the
"Company") (File No. 0-17953) which we understand will be filed with the
Securities and Exchange Commission (the "Commission"), pursuant to the
requirements of Item 4 of Form 8-K, as part of the Company's Current Report on
Form 8-K, to be filed with the Commission on January 21, 2000. We agree with the
statements made concerning Moore Stephens, P. C. in such Form 8-K.
Sincerely,
/S/ Moore Stephens P.C.
MOORE STEPHENS, P. C.
