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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
Date of Report (Date of earliest event reported) March 13, 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: 5
Exhibit index on page: 2
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(b) NEW INDEPENDENT ACCOUNTANT.
Arthur Andersen LLP ("Arthur Andersen") was engaged on March 13, 1997
to audit Coronado Industries, Inc.'s (the "Company") financial statements for
the fiscal year ended December 31, 1996. General due diligence disclosures were
made to Arthur Andersen in the normal course of Arthur Andersen's decision
regarding whether to undertake the audit. The Company was not provided with
either written or oral advice as to accounting, auditing or financial reporting
issues arising from any discussion with Arthur Andersen concerning the
application of accounting principles to a specific or completed transaction, the
type of audit opinion, or any disagreement, which was an important factor in the
decision to engage Arthur Andersen. The Company is aware of no disagreements or
reportable events with respect to its relationship with Arthur Andersen.
Arthur Andersen has reviewed the disclosure required under this section
and has been given the opportunity to furnish the Company with a letter
containing any new information, clarifications, or disagreements with the
Company's statements in this section. Arthur Andersen's letter is included as
Exhibit 16.1 and incorporated herein by this reference. The Company is aware of
no disagreements or reportable events with any of its accountants in the last
two fiscal years.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits Page:
(16) Letters Regarding Change in Certifying Accountant
16.1 Response letter of new certifying accountant
Arthur Andersen LLP............................ 4
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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)
MARCH 19, 1997 By: (signed) Gary R. Smith
_________________________________
Gary R. Smith, President
(Signature)
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EXHIBIT 16.1
Response Letter from New Certifying Accountant
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[ARTHUR ANDERSEN LETTERHEAD]
March 19, 1997
Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street N.W.
Washington, D.C. 20549
We have read Item 4 included in the attached Form 8-K dated March 13, 1997 of
Coronado Industries, Inc. to be filed with the Securities and Exchange
Commission and are in agreement with the statements contained therein.
Very truly yours,
ARTHUR ANDERSEN LLP
By /s/ Michael Garnreiter
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Michael Garnreiter
Copies to:
Michael F. Patterson, Titus Bueckner & Berry
G.R. Smith, Coronado Industries, Inc.
