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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): January 27, 1997
INFONOW CORPORATION
(Exact Name of Registrant as specified in its charter)
Delaware 0-19813 04-3083360
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification no.)
1875 Lawrence Street, Suite 1100 Denver, CO 80202
(address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 293-0212
(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On January 27, 1997, the Registrant engaged the accounting firm of Hein +
Associates LLP ("Hein") as its principal independent accountants to audit the
Registrant's financial statements for its fiscal year ending December 31,
1996. The appointment of new independent accountants was approved by the
Audit Committee and Board of Directors of the Registrant. The Company
dismissed its former independent accountants, Arthur Andersen, LLP, effective
with the appointment of Hein.
Prior to the appointment of Hein, Management of the Company has not
consulted with Hein except that, at the Company's request, Hein read the
Company's reports filed on Form 10-Q for the quarterly periods ending June
30, 1996 and September 30, 1996.
During the two most recent fiscal years ended December 31, 1995 and 1994,
and the interim period subsequent to December 31, 1995, there were no
disagreements with the former accountants on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure which would have caused the former accountants to make reference in
their report to such disagreements if not resolved to their satisfaction.
Arthur Andersen's reports on the financial statements for the past two
years have contained no adverse opinion or disclaimer of opinion and were
not modified as to audit scope or accounting principles except for an
explanatory paragraph regarding the Registrant's ability to continue as a
going concern contained in the financial statements for the years ended
December 31, 1995 and 1994.
The registrant has provided Arthur Andersen, LLP with a copy of this
disclosure and requested that Arthur Andersen furnish it with a letter
addressed to the Securities and Exchange Commission ("Commission") stating
whether it agrees with the above statements. (A copy of the Arthur Andersen,
LLP letter addressed to the Commission is filed as Exhibit 16.1 to this Form
8-K.)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
EXHIBIT NO. DESCRIPTION
16.1 Letter of Arthur Andersen, LLP dated January 27, 1997
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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.
Dated: January 27, 1997
INFONOW CORPORATION
(Registrant)
/s/ KEVIN D. ANDREW
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Kevin D. Andrew
Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer)
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[LETTERHEAD]
Exhibit 16.1
January 27, 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
Dear Sirs:
We have read Item 4 included in the attached Form 8-K dated January 27, 1997
of InfoNow Corporation to be filed with the Securities and Exchange
Commission and are in agreement with the statements contained therein.
Very truly yours,
Originally executed by:
Arthur Andersen LLP
Copy to:
Mr. Kevin D. Andrew
InfoNow Corporation
srh:infoend/wkh/ltrs
