SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): June 24, 1998
AIM GROUP, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 33-82468 13-3773537
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification
Number)
2001 West Sample Road, Suite 300
Pompano Beach, Florida 33064
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (954)972-9339
Not Applicable
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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.
By letter dated June 23, 1998, the accounting firm of M.A.Cabrera &
Company, P.A. ("Cabrera") advised AIM Group, Inc. (the "Company") that Cabrera
decided to stop servicing public companies. Cabrera informed the Company that
a combination of factors lead it to that decision, including its limited
professional resources, the increased risk exposure and higher insurance
costs. By letter dated June 24, 1998, to the Company, Cabrera confirmed that
the client-auditor relationship between the Company and Cabrera had ceased.
Cabrera's independent auditor's report, dated March 13, 1998, included
in the Company's Annual Report on Form 10-KSB for the year ended December 31,
1997, stated that:
"The accompanying financial statements have been prepared
assuming the Company will continue as a going concern. As
discussed in Notes A and B to the financial statements, the
Company has incurred continuing losses from operations, has
insufficient cash flow from operations, has substantial
non-earning assets and is dependent on very few customers.
These items raise substantial doubt about its ability to
continue as a going concern. Management's plans regarding
those matters are also discussed in Notes A and B. The
financial statements do not include any adjustments that
might result from the outcome of these uncertainties."
Cabrera's independent auditor's report, dated March 14, 1997, included in the
Company's Annual Report on Form 10-KSB for the year ended December 31, 1996,
contained language substantially similar to that set forth above.
During the years ended December 31, 1996 and 1997 and the subsequent
interim period ended June 24, 1998, there were no disagreements between the
Company and Cabrera on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure, which
disagreement, if not resolved to the satisfaction of Cabrera, would have
caused it to make reference to the subject matter of disagreement in
connection with its report.
The Company has not yet engaged a new independent accounting firm.
Attached as an exhibit to this Form 8-K is a letter from Cabrera stating
that it agrees with the statements made by the Company in this Form 8-K.
2
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Item 7. Financial Statements, Pro Forma Financial
INFORMATION AND EXHIBITS.
EXHIBITS
The following exhibit is filed herewith:
EXHIBIT NUMBER DOCUMENT
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16 Letter, dated July 23, 1998, from M.A. Cabrera &
Company, P.A. to the Securities and Exchange
Commission regarding resignation of certifying
accountant
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 thereunto duly authorized.
AIM GROUP, INC.
(Registrant)
Date: July 23, 1998 By:/s/LEIGH S.ZOLOTO
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Leigh S. Zoloto
Chief Financial Officer
EXHIBIT 16
M.A. Cabrera & Company, P.A.
2 South University Drive, Suite 330
Plantation, Florida 33324-3307
July 23, 1998
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K of AIM
Group, Inc. dated July 23, 1998.
M.A. Cabrera & Company, P.A.
Plantation, FL
July 23, 1998
