UNITED STATES
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 reported): DECEMBER 31, 1999
MILLENNIUM SPORTS MANAGEMENT, INC.
(Exact name of registrant as specified in its charter)
NEW JERSEY 0-22042 22-3127024
(State of Incorporation) (Commission File Number) (IRS Employer No.)
ROSS' CORNER, U.S. HIGHWAY 206 AND COUNTY ROUTE 565, AUGUSTA, NJ 07822
(Address of principal executive offices)
Registrant's telephone number: (973) 383-7644
N/A
(Former name or former address, if changed since last report)
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ITEM 4 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Previous Independent Accountant
(i) On December 31, 1999, the Company determined not to
continue to engage Wiss & Company, LLP, as the
Company's independent accountant.
(ii) The reports of Wiss & Company, LLP, on the financial
statements of the Company for each of the past two
fiscal years ending 12/31/97 and 12/31/98,
respectively, contained no adverse opinion or
disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope, or
accounting principles.
(iii) The decision to change accountants was recommended by
the Company's President and was approved by the
Company's Board of Directors and shareholders.
(iv) During the Company's two most recent fiscal years and
through the date of this report, the Company has had
no disagreements with Wiss & Company, LLP, on any
matter of accounting principles or practices,
financial statement disclosures, or auditing scope or
procedure, which disagreements, if not resolved to
the satisfaction of Wiss & Company, LLP, would have
caused Wiss & Company, LLP, to make a reference
thereto in its report on the financial statements of
the Company for such periods, except as follows: In
conjunction with the audit for 1998, Wiss & Company,
LLP, insisted on the writedown of the stadium and
land by $11,545,000 to $900,000 for which there had
been extensive disagreement.
(v) The Company has requested that Wiss & Company, LLP,
furnish it with a letter addressed to the Securities
and Exchange Commission stating whether or not it
agrees with the above statements. A copy of such
letter, dated January 31, 2000, is filed as Exhibit
16.1 to this Form 8-K.
(b) Engagement of New Independent Accountant.
(i) Murphy & Townsend, LLC, has been engaged by the
Company as its new independent accountant to audit
the Company's financial statements, effective as of
January 1, 2000.
(ii) Prior to the engagement of Murphy & Townsend, LLC,
the Company had not consulted with Murphy & Townsend,
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LLC, during its two most recent fiscal years and
through the date of this report in any matter
regarding: (A) either the application of accounting
principles to a specified transaction, either
completed or proposed, or the type of audit opinion
that might be rendered on the Company's financial
statements, and neither was a written report provided
to the Company, nor was oral advice provided that
Murphy & Townsend, LLC, concluded was an important
factor considered by the Company in reaching a
decision as to the accounting, auditing, or financial
reporting issue, or (B) the subject of either a
disagreement or a reportable event described in
Paragraph (a)(v) above.
ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit No. Description
16.1 Letter from Wiss & Company, LLP, to the Securities
and Exchange Commission dated January 31, 2000,
pursuant to Item 304(a)(3) of Regulation S-B.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MILLENNIUM SPORTS MANAGEMENT, INC.
Date: January 31, 2000 By: /s/ ROBERT J. HARTUNG
-----------------------------
President, Treasurer &
Chief Accounting Officer
EXHIBIT INDEX
Exhibit No. Description
16.1 Letter from Wiss & Company, LLP, to the Securities
and Exchange Commission dated January 31, 2000,
pursuant to Item 304 (a)(3) of Regulation S-B
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EXHIBIT 16.1
January 31, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of Form 8-K dated January 31, 2000, of Millennium Sports
Management, Inc., and are in agreement with the statement contained in item
4(a)(i), (ii), (iv), and (v) on Page 2 therein. We have no basis to agree or
disagree with other statements of the registrant contained therein.
Very truly yours,
Wiss & Company, LLP
