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): September 29, 1999
Natural Way Technologies, Inc.
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(Exact name of Registrant as specified in its charter)
1-12293
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(Commission file number)
Nevada 87-0394313
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(State or other jurisdiction (I.R.S. Employer Identification
of incorporation) Number)
Room 2211-2215, Science and Technology Building No. 1001
Shangbuzhong Road, Fution District, Shenzhen, PRC
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(Address of principal executive offices) (Zip code)
011-07-55-369-9588
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(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
(a) Resignation of Independent Accounting Firm
(i) Arthur Andersen & Co. the Registrant's certifying accountant
resigned as the Company's auditor on September 29, 1999.
(ii) The certifying accountant's report on the financial statements
for the past two years contained no adverse opinion, no disclaimer of
opinion nor was qualified or modified as to uncertainty audit scope or
accounting principals.
(iii) Not applicable.
(iv) During the preceding two years and subsequent interim periods
preceding their resignation, the Registrant had no disagreements with the
certifying accountants on any matter of accounting principle or practice,
financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of the certifying
accountants, would have caused it to make reference to the subject matter
of the disagreements in connection with their report.
(v) Not applicable.
(b) Engagement of New Independent Accountants
On October 15, 1999 the Registrant's board of directors formally
engaged Blackman Kallick Bartelstein, LLP as its new certifying accountants
(the "new accounting firm") to audit the Registrant's financial statements.
The Registrant, during the two most recent fiscal years and the
subsequent interim periods prior to the engagement of the new accounting
firm, did not consult with the new accounting firm with regard to any of
the matters listed in Regulation S-K Items 304(a)(2)(i) or (ii).
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Item 7. Financial Statements and Exhibits.
(c) Exhibits
16.1 Letter from Arthur Andersen re. change in certifying accountant
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.
NATURAL WAY TECHNOLOGIES, INC.
By: /s/ Yiu Yat On
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Yiu Yat On, President
and Principal Financial Officer
Date: February 10, 2000
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<PAGE>
Arthur Andersen & Co.
Certified Public Accountants
United States Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20559
RE: NATURAL WAY TECHNOLOGIES, INC.
Gentlemen:
We have acted as the Certifying Accountant for the aforementioned
Registrant for the fiscal year ended December 31, 1996. We resigned as the
Registrant's Certifying Account for the fiscal year ended December 31, 1997. We
have been provided with the required disclosures made by the Registrant to the
United States Securities and Exchange Commission. Upon review of the disclosures
and statements contained in the Form 8-K, this firm agrees with such disclosures
and statements made by the Registrant pursuant to Item 304(a)(1) of Regulation
S-K and hereby consents to the inclusion of this letter as an exhibit to Form
8-K.
Sincerely,
Arthur Andersen & Co.
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