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)
January 3, 1997 (January 3, 1997)
INTELLIGENT DECISION SYSTEMS, INC.
(as successor to Resource Finance Group, Ltd.)
(Exact name of registrant as specified in its charter)
Delaware 0-22254 38-3286394
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2025 East Beltline Avenue, S.E., Suite 400, Grand Rapids, Michigan 49546
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (616) 285-5830
---------------------------
Not Applicable
(Former name or former address, if changed since last report.)
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Item 4. Changes in Registrant's Certifying Accountants
Wilber & Townshend, P.C. were previously the principal accountants for
Intelligent Decision Systems, Inc. (successor by merger with Resource Finance
Group, Ltd.) and Resource Finance Group, Ltd. On December 30, 1996, the Board of
Directors dismissed the firm of Wilber & Townshend, P.C. and approved the
engagement of the firm of Coopers & Lybrand as principal auditor for Intelligent
Decision Systems, Inc.
In connection with the audits of the two fiscal years ended June 30, 1995 and
1996, and the subsequent interim period through December 30, 1996, there were no
disagreements with Wilber & Townshend, P.C. on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedures, which disagreements if not resolved to their satisfaction would have
caused them to make reference in connection with their opinion to the subject
matter of the disagreement, and said firm has not advised the registrant of any
reportable events.
The accountants' report of Wilber & Townshend, P.C. on the consolidated
financial statements of Intelligent Decision Systems, Inc. (successor by merger
with Resource Finance Group, Ltd.) and subsidiaries as of and for the year ended
June 30, 1996 and of Resource Finance Group, Ltd. and subsidiaries for the year
ended June 30, 1995 did not contain any adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty, audit scope, or
accounting principles. A letter from Wilber & Townshend, P.C. is attached as
Exhibit 99.1.
Item 7 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number
99.1 Letter dated January 3, 1997 from predecessor independent certified
accountants, Wilber & Townshend, P.C., concurring with information
reported on this Form 8-K.
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<PAGE>
SIGNATURE
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.
INTELLIGENT DECISION SYSTEMS, INC.
Dated: January 3, 1997 By: /s/ Mark A. Babin
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Mark A. Babin, President
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EXHIBIT 99.1
WILBER &
TOWNSHEND
A Professional Corporation 465 Baldwin St.
Certified Public Accountants Jenison, MI 49428
PH: 616-457-4880
FX: 616-457-1114
January 3, 1997
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We were previously the principal accountants for Intelligent Decision Systems,
Inc. and its predecessor Resource Finance Group, Ltd. until December 30, 1996.
We have been furnished with and read a copy of Intelligent Decision Systems,
Inc.'s statements included under Item 4 of its Form 8-K dated January 3, 1997,
and agree with such statements.
/s/ Wilber & Townshend
