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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
AMENDMENT NO. 1 TO
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) October 31, 2000
UNIVERSAL BROADBAND NETWORKS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 000-24408 33-611753
(State or jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
2030 Main Street, Suite 550
Irvine, California 92614
(Address of principal executive offices)
Registrant's telephone number, including area code: (949) 260-8100
IJNT.NET, INC.
(Former name or former address if changed since last report)
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Explanatory Note
This Amendment No. 1 to Current Report on Form 8/A is being filed in order to
amend Item 4 and Item 7 of the Current Report on Form 8-K filed on November 6,
2000, by Universal Broadband, Inc. (the "Company").
ITEM 4. Change in Registrant's Certifying Accountant.
Effective as of October 31, 2000, the Company accepted the resignation
of BDO Seidman, LLP (the "Former Accountant") as the Company's independent
certified public accountants, which was tendered on that same date. The only
report of the Former Accountant on the consolidated financial statements of the
Company (at and for the year ended March 31, 2000) did not contain an adverse
opinion, nor was it qualified or modified as to audit scope or accounting
principles. The report of the Former Accountant did include an uncertainty
paragraph expressing substantial doubt about the Company's ability to continue
as a going concern. In connection with the only previous audit and subsequent
interim reviews performed by the Former Accountant, there have been no
disagreements with the Former Accountant 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 the Former
Accountant, would have caused it to make reference to the subject matter of the
disagreements in connection with its report.
The Company requested that the Former Accountant furnish it with a
letter addressed to the Securities and Exchange Commission (the "Commission")
stating whether or not it agrees with the above statements. A copy of such
letter is filed herewith and attached hereto as Exhibit 16.1.
The Company has not yet engaged another accountant to replace the
Former Accountant. Any new accountant that the Company engages probably will not
have sufficient opportunity to review the Company's next Quarterly Report on
form 10-Q for the period ended September 30, 2000 (the "Next Quarterly Report"),
before the required filing date. As the Company may be unable to prepare the
Next Quarterly Report under the Company's normal review standards, the Company
subsequently may be required to amend the Next Quarterly Report following its
review by the Company's accountants.
ITEM 7. Financial Statements and Exhibits
c. EXHIBITS
16.1 Letter re change in certifying accountant.*
99.1 Press release, dated October 31, 2000.**
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* Filed herewith.
** Filed previously with the Company's Current Report on Form 8-K, which was
filed with the Securities and Exchange Commission on November 6, 2000.
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SIGNATURES
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.
UNIVERSAL BROADBAND NETWORKS, INC.
Date: November 8, 2000 By /s/ MICHAEL A. STERNBERG
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Michael A. Sternberg
Chief Executive Officer
