SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 21, 1997
SAFETECH INDUSTRIES, INC.(FORMERLY BERNSTEIN/LEIBSTONE ASSOCIATES, INC.)
(Exact name of registrant as specified in its charter
New York 0-17774 11-1996121
(State of Incorporation) (Commission (IRS Employer Identification No.)
File Number)
2001A Australian Avenue
Riviera Beach, Florida 33404
(Address of principal office) (Zip Code)
Registrant's telephone number,
including area code (561) 844-2442 <PAGE>
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
a1. Previous Independent Accountants
i. Michaelson & Co., P.A. terminated the client-auditor relationship
with the Registrant as of July 21, 1997.
ii. The report of Michaelson & Co. P.A. for the years ended March 31,
1996 and 1995 did not contain an adverse opinion or disclaimer of
opinion, or modification as to uncertainty, audit scope, or
accounting principles.
iii. The Registrant's Board of Directors has been advised of the
termination of the client-auditor relationship with Michaelson &
Co., P.A.
iv. In connection with it's audits for the years ended March 31, 1996
and 1995, and during the subsequent interim period through July 21,
1997, there have been no disagreements with Michaelson & Co., P.A.
on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not
resolved, would have caused Michaelson & Co., P.A. to make
reference to the subject matter of the disagreement in connection
with its report.
a2. New Independent Accountants
On July 23, 1997 Registrant's Board of Directors appointed Schmidt,
Raines, Trieste, Dickenson & Adams, P.L. as Registrant's principal
accountants for the audit of Registrant's financial statements for
the year ended March 31, 1997. Registrant has not previously
consulted with Schmidt, Raines, Trieste, Dickenson & Adams, P.L. on
any matters.
Item 5. Other Events
Not Applicable
Item 6. Resignations of Registrant's Directors
Not Applicable
Item 7. Financial Statements and Exhibits
Letter from Michaelson & Co., P.A. dated July 25, 1997
Letter from Michaelson & Co., P.A. dated July 31, 1997
Item 8. Change in Fiscal Year
Not Applicable
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.
SAFETECH INDUSTRIES, INC.
Date: August 1, 1997 By: /s/ Darrell Peterson
Darrell Peterson, Chief Executive Officer
<PAGE>
MICHAELSON & CO.,P.A.
July 25, 1997
Securities & Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
RE: Safetech Industries, Inc.
Dear Gentlemen:
1. The client-auditor relationship between Safetech Industries, Inc.
(formerly Bernstein/Leibstone Associates, Inc.), (commission file
number 0-17774) and Michaelson & Co., P.A. has ceased as of July
21, 1997.
2. We have performed an examination of the Company's financial
statements for the years ended March 31, 1996 and 1995.
3. In connection with our examination as outlined above, there have
been no disagreements on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or
procedure.
Sincerely,
/s/ William Michaelson, CPA
Michaelson & Co., P.A.
<PAGE>
MICHAELSON & CO.,P.A.
July 31, 1997
Securities & Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
RE: Safetech Industries, Inc. (SEC File No. 0-17774)
Dear Gentlemen:
We have read and agree with the comments made by Safetech Industries,
Inc. (formerly Bernstein/Leibstone Associates, Inc.) in response to Item
304(a) of Regulation S-K which are included in Form 8-K/A dated July 21,
1997.
Sincerely,
/s/ William Michaelson, CPA
Michaelson & Co., P.A.
