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): April 3, 2000
XCEL MANAGEMENT, INC.
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(Exact name of Registrant as specified in its Charter)
UTAH 0-22814 87-0363613
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(State or other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File No.) Identification No.)
1101 Broadway Plaza
Tacoma, Washington 98401
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number including Area Code: (253) 383-1085
Not Applicable.
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Former name, former address and former fiscal year, if changed since last
report.
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Item 4. Changes in Registrant's Certifying Accountant
On April 3, 2000, the board of directors of the Registrant decided to
terminate the Registrant's current accountants, Jones, Jensen & Company
("JJC"), and engage G. Brad Beckstead ("Beckstead"), C.P.A., as Registrant's
auditor for the year ending May 31, 2000. The firm of Jones, Jensen & Co.,
served as the Company's auditors for the fiscal year ended May 31, 1999. In
February, 2000, Beckstead was engaged as the independent auditor of Insynq,
Inc., to audit the financial statements of Insynq, Inc., for the years ended
December 31, 1998 and 1999. Because of Beckstead's familiarity with the
accountings and business operations of Insynq, Inc., the assets of which were
acquired by the Company in February, 2000, the board of directors believes
Beckstead is in the best position to undertake the audit of the Company's
financial statements for the fiscal year ending May 31, 2000. Beckstead's
office is located at 330 East Warm Springs, Las Vegas, Nevada 89119.
During the year ended May 31, 1999, and up to and including the present,
there have been no disagreements between the Company and JJC on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedures. JJC's report on the financial statements of the Company
for the fiscal year ended May 31, 1999, indicated that substantial doubt
regarding the Company's ability to continue as a going concern.
The Company intends to have the appointment of Beckstead ratified at the
next meeting of the Registrant's shareholders.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the Registrant has caused this report to be
signed on its behalf by the undersigned, hereunto duly authorized.
REGISTRANT:
XCEL MANAGEMENT, INC.
Date: April 3, 2000 By: /s/ John Gorst
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John Gorst, Chief Executive
Officer
