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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 2
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 33-33042-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: 4
Exhibit index on page: 2
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits Page:
(16) Letters Regarding Change in Certifying Accountant
16.2 Response letter of former certifying accountant
Hobe & Lucas of Independence, Ohio to
disclosures in the Company's Form 8-K,
filed February 3, 1997 and Form 8-K/A,
filed February 13, 1997.......................3
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 24, 1997 By: /s/ Gary R. Smith
---------------------------
Gary R. Smith, President
(Signature)
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EXHIBIT 16.2
Response Letter from Former Certifying Accountant
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[HOBE & LUCAS LETTERHEAD]
February 17, 1997
Office of the Chief Accountant
United States Securities and Exchange Commission
Washington, D.C. 20549
RE: Coronado Industries, Inc.
Commission File Number: 33-33042-NY
Dear Sir:
Please be advised that we are in agreement with the statements made on
the Coronado Industries, Inc. original Form 8-K and Amended Form 8-K/A, dated
January 31, 1997 and January 17, 1997, respectively.
On March 21, 1996, we 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. No disagreements with the Company 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, we 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 we were willing to discuss any questions with a successor accountant,
after the Company engaged such a successor firm. The Company has authorized us
to respond fully to the inquiries of any Company successor accountant
concerning the subject matter of its prior opinions and any qualification
thereof.
Very truly yours,
/s/ Jerome J. Lucas
Jerome J. Lucas
JJL/jp
