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) November 4,1998
PIONEER COMMERCIAL FUNDING CORP.
(Exact name of registrant as specified in its charter)
New York
(State or Other Jurisdiction of Incorporation)
0-249408-NY 13-3763437
(Commission File Number) (I.R.S. Employer Identification No.)
21700 Oxnard Street, Suite 1650, Woodland Hills, CA 91367 (Addresss of principal
executive offices) (Zip Code)
(818) 346-1921
(Registrant's telephone number, including area code)
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ITEM 4. Changes in Registrant's Certifying Accountant
On November 11, 1998 the Registrant appointed Lazar Levine & Felix LLP
as the new auditors for the Registrant. The change in auditors was approved by
Registrant's Board of Directors. The reason for the change was that Grant
Thornton LLP, the present auditor, indicated that they would not renew their
engagement for the year ended December 31, 1998. There were no disagreements
with Grant Thornton LLP on any matter of accounting principles or practices,
financial statement disclosure or audit scope or procedure which if not resolved
to the satisfaction of the former accountants would have caused them to make
reference to the subject matter in their report.
None of the events listed in paragraphs (B) through (D) of Regulation S-B Item
304 (a) (1) (iv) occurred.
ITEM 7. Financial Statements and Exhibits.
(c) Exhibits
1. Copy of Letter from Grant Thornton LLP.
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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.
PIONEER COMMERCIAL FUNDING CORP.
(Registrant)
By:
M. Albert Nissim, President
DATED: November 12, 1998
Grant Thornton LLP
Accountants and Management Consultants
Suite 700
1000 Wilshire Blvd.
Los Angeles, CA 90017-2464
Tel: 213-627-1717
November 11, 1998
Securities and Exchange Commission
Washington, DC 20549
Re: Pioneer Commercial Funding Corp.
File No. 0-249408-NY
Dear Sir or Madam:
We have read Item 4 of the Form 8-K of Pioneer Commercial Funding Corp. dated
November 4, 1998 and agree with the statements contained therein.
Very truly yours,
Grant Thornton LLP
