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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
AMENDMENT NO. 1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 16, 2000
On-Point Technology Systems, Inc.
(Exact name of Registrant as Specified in its Charter)
Nevada 0-21738 33-0423037
(State or other jurisdiction (Commission (IRS Employer
of incorporation File No.) Identification No.)
1370 San Marcos Blvd., Suite 100, San Marcos, California 92069
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (760) 510-4900.
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Item 4. Changes in Registrant's Independent Accountants
The following sets forth the information required by item 304(a)(1) of
Regulation S-K:
On August 16, 2000, Deloitte & Touche LLP (D&T) resigned as the
Registrant's independent accountant. The report of D&T on the financial
statements of the Registrant for the years ended December 31, 1999 and 1998
contained no adverse or disclaimer of opinion, nor was it modified as to
uncertainty, audit scope or accounting principles, except for an explanatory
paragraph in the report on the financial statements for the year ended December
31, 1998 which addressed the restatement discussed in the following paragraph.
As previously reported in the Registrant's 1998 Form 10-KSB/A, filed on
March 31, 2000, the Registrant's financial statements as of and for the year
ended December 31, 1998 were restated to reflect certain long-term leases as
operating leases, rather than sales-type leases, to apply the provisions of
Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based
Compensation," to certain options and warrants granted to certain parties, and
to provide segment disclosure.
The Registrant did not have any disagreements with D&T during the years
ended December 31, 1998 and 1999 and for subsequent interim periods through
August 16, 2000 as to matters of accounting principles or practices, financial
statement disclosure or auditing scope or procedure which if not resolved to
D&T's satisfaction, would have caused it to make reference to the subject matter
of the disagreement in connection with its report.
The Registrant has provided D&T with a copy of this Form 8-K/A and has
requested that D&T provide the Commission with a letter stating whether it
agrees or disagrees with the statements contained in this Form 8-K/A. A copy of
the letter was received by the Registrant and is filed as an exhibit to this
Form 8-K/A.
On September, 11, 2000, the Registrant appointed Rothstein, Kass &
Company, P.C. ("RK") as independent accountants. The appointment was approved by
the Registrant's Board of Directors and Audit Committee. Prior to the
appointment of RK, there were no consultations with such firm on accounting or
auditing matters.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
16.1 Letter dated September 7, 2000 from Deloitte & Touche LLP to the
Registrant.
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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.
ON-POINT TECHNOLOGY SYSTEMS, INC.
/s/ Frederick Sandvick
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Date: September 11, 2000 Frederick Sandvick
Chief Executive Officer
