<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 17, 1997
CORONADO INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
NEVADA 33-33034-NY 223161629
(State or other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) Number)
16929 East Enterprise Drive, Suite 202, Fountain Hills, Arizona 85268
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code: (602) 837-6810
N/A
(Former name or former address, if changed since last report)
Total number of pages including exhibits: 5
Exhibit index on page: 3
<PAGE> 2
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) FORMER INDEPENDENT ACCOUNTANT.
On March 21, 1996, Coronado Industries, Inc.'s (the "Company") last
certifying accountant, Hobe & Lucas of Independence, Ohio, issued an opinion on
the consolidated financial statements of Logical Computer Services of New York,
Ltd., a New York corporation and a Company predecessor corporation, in
conjunction with the issuance of the Company's annual report on Form 10-KSB for
the fiscal year ended December 31, 1995. The letter stated that the accompanying
consolidated financial statements for the fiscal years ended December 31, 1995
and 1994 were prepared assuming that the Company would continue as a going
concern. The letter referred to disclosures in Note 8 of the financial
statements that the Company had incurred net losses during the years ended
December 31, 1995 and 1994, respectively, which, along with other conditions,
raised substantial doubt about the Company's ability to continue as a going
concern. The letter additionally stated that the financial statements did not
include any adjustments that might result from the outcome of these
uncertainties. Note 8 to the accompanying financial statements disclosed that in
order to meet the Company's current debt, additional working capital would be
required and that as of the date of the report the Company had not raised
sufficient funds to meet its needs. The Company is unaware of any disagreements
with Hobe & Lucas that existed at any time.
The Company's principal offices were moved to Fountain Hills, Arizona
on or about November 6, 1996. By letter dated January 17, 1997, Hobe & Lucas
resigned as the Company's certifying accountant due to the distance between the
accountant's offices and those of the Company which made it difficult to conduct
the communication necessary to perform an audit. The resignation letter stated
that no audit services had been performed as of the date of the letter and that
Hobe & Lucas was willing to discuss any questions with a successor accountant,
after the Company engaged such a successor firm. The Company has authorized its
former accountant to respond fully to the inquiries of any Company successor
accountant concerning the subject matter of its prior opinions and any
qualification thereof.
The Company's former accountants furnished the Company with a letter
dated February 6, 1997, addressed to the Securities and Exchange Commission
("Commission"), which stated that the former accountant is in agreement with the
statements made in the Company's Form 8-K dated January 31, 1997 [filed February
3, 1997]. Hobe & Lucas' letter is included at Exhibit 16.1 and incorporated
herein by this reference. The Company provided the former accountant with a copy
of all disclosures made in response to this Item and requested a supplemental
letter, addressed to the Commission, stating whether the former accountant
agrees with the statements made in such disclosures. A copy of any response
letter from Hobe & Lucas will be filed with the Commission by amendment, within
two (2) days of receipt by the Company.
2
<PAGE> 3
(b) NEW INDEPENDENT ACCOUNTANT.
The Company intends to, but has not yet engaged a new certifying
accountant.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
<TABLE>
<CAPTION>
(c) Exhibits Page:
<S> <C>
(16) Letters Regarding Change in Certifying Accountant
16.1 Response letter of former certifying accountant
Hobe & Lucas of Independence, Ohio to
previous disclosures in the Company's
Form 8-K, filed February 3, 1997.............................................. 4
16.2 Response letter of former certifying accountant
Hobe & Lucas of Independence, Ohio to
current disclosures in the present
Form 8-K/A...........................................(to be filed by amendment)
16.3 Response letter from new certifying
accountant...........................................(to be filed by amendment)
</TABLE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this amended report to be signed on its
behalf by the undersigned hereunto duly authorized.
CORONADO INDUSTRIES, INC.
a Nevada corporation
(Registrant)
FEBRUARY 13, 1997 By: (signed) Gary R. Smith
---------------------------
Gary R. Smith, President
(Signature)
3
<PAGE> 1
EXHIBIT 16.1
[HOBE & LUCAS LETTERHEAD]
February 6, 1997
Office of the Chief Accountant
United States Security Exchange Commission
Washington, D.C. 20549
Re: Coronado Industries, Inc.
Commission File Number: 3333042-NY
Dear Sir:
Please be advised that we are in agreement with the statements made on
Coronado Industries, Inc.'s Form 8-K dated January 31, 1997.
Very truly yours,
/s/ Jerome J. Lucas
-----------------------------
Jerome J. Lucas
JJL/dc
