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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
April 20, 2000
Date of Report (Date of Earliest event reported)
Hotelworks.com, Inc.
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(Exact name of registrant as specified in its charter)
New York 1-13381 11-3096379
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State of Commission File IRS Employer
Incorporation Number Identification No.
201 ALHAMBRA CIRCLE, CORAL GABLES, FL 33134
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Address of principal executive offices
Registrant's telephone number, including area code: (305) 774-3200
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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.
(a) Current Independent Accountants
On April 20, 2000, Arthur Andersen LLP ("Arthur Andersen"), notified
HOTELWORKS.COM, INC. (the "Company") that effective immediately they resigned as
the Company's independent certified public accountants.
Arthur Andersen has previously audited the Company's consolidated financial
statements for the fiscal years ended December 31, 1998 and December 31, 1999
("Prior Fiscal Years"). Their reports on such consolidated financial statements
did not contain an adverse opinion or a disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principles,
except for a modified opinion for the fiscal year ended December 31, 1999
relating to the Company's ability to continue as a "going concern". Further, in
connection with its audits of the Company's financial statements for the Prior
Fiscal Years and through April 20, 2000, the Company had no disagreements with
Arthur Andersen on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of Arthur Andersen, would have caused them to
make a reference to the subject matter of the disagreements in connection with
its reports on the consolidated financial statements of the Company for each of
the Prior Fiscal Years.
Arthur Andersen has furnished to the Company a letter addressed to the
Securities and Exchange Commission stating whether or not Arthur Andersen agrees
with the statements made by the Company herein. A copy of such letter, dated
April 27, 2000 is attached as an Exhibit to this Current Report Form 8-K.
(b) New Independent Accountants
The Company's Board of Directors will select a successor independent certified
public accounting firm once they meet and review the qualifications of potential
applicants.
ITEM 7. Financial Statements and Exhibits.
Exhibit 16.1 Letter from Arthur Andersen LLP to the Securities and Exchange
Commission dated April 27, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized this 27th day of April 2000.
HOTELWORKS.COM, INC.
By: /s/ John F. Wilkens
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John F. Wilkens
Vice President - Treasurer
(Principal Financial Officer,
Principal Accounting Officer)
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Exhibit 16.1
[Arthur Andersen LLP Letterhead]
April 27, 2000
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir/Madam:
We have read paragraph (a) of Item 4 included in the Form 8-K dated April 27,
2000 of Hotelworks.com, Inc. to be filed with the Securities and Exchange
Commission and are in agreement with the statements contained therein.
Very truly yours,
Arthur Andersen LLP
cc: Mr. Leonard E. Parker, Chairman of the Board, Hotelworks.com, Inc.
Mr. Douglas A. Parker, Acting Chief Executive Officer and President,
Hotelworks.com, Inc.
