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
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Date of Report (date of earliest event reported) September 17, 1998
Pacesetter Ostrich Farm, Inc.
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(exact name of registrant as specified in its charter)
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Delaware 1-11282 72-1186845
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(State or other jurisdiction or (Commission File Number) (IRS Employer
incorporation) Identification No.)
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10135 Hereford Road, Folsom, Louisiana 70437
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (504) 796 - 5806
Not Applicable
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
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On March 30, 1998, the Company was informed by Arthur Andersen & Co., LLP, its
independent auditors, that it was resigning as the Company's certifying
accountant and would not be available to conduct the audit of the Company's
financial statements for the calendar year ended December 31, 1997.
Arthur Andersen's previous audit reports have included references to the
Company's recurring operating losses and difficulty in meeting some of its
financial obligations. These factors raised substantial doubt about the
Company's ability to continue as a going concern.
Arthur Andersen was engaged as the Company's certifying accountant in December,
1992, and since such engagement, there were no disagreements between the Company
and Arthur Andersen on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure.
On September 17, 1998, Laporte, Sehrt, Romig & Hand was engaged as the Company's
certifying accountant. On September 17, 1998, the Company's Board of Directors
authorized the decision to engage Laporte, Serht, Romig & Hand.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Exhibits
Exhibit 16 - Letter from Arthur Andersen & Co. to the Company dated
March 30, 1998.
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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.
Pacesetter Ostrich Farm, Inc.
By:/s/ Walter Reid Green, Jr.
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Walter Reid Green, Jr.
Chief Financial & Accounting Officer
Dated: September 17, 1998
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ARTHUR
ANDERSEN
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Arthur Andersen LLP
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Suite 4500
201 St Charles Avenue
New Orleans LA 70170-4500
504-581-5454
March 30, 1998
Mr. Walter Reid Green, Jr,
Chief Financial Officer
Pacesetter Ostrich Farm, Inc.
10135 Hereford Road
Folsom, Louisiana 70437
Dear Mr. Green:
This is to confirm that the client-auditor relationship between Pacesetter
Ostrich Farm, Inc. (Commission File Number 1-11282) and Arthur Andersen LLP has
ceased.
Very truly yours,
ARTHUR ANDERSEN
By: /s/ Sean G. Daly
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Sean G. Daly
Copy to: Securities and Exchange Commission
Office of the Chief Accountant
