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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
Date of Report (Date of earliest event reported):
February 14, 2000
LANGUAGEWARE.NET (COMPANY) LTD.
(Exact name of registrant as specified in its charter)
Israel
(State or other jurisdiction of incorporation or organization)
0-26349
(Commission File Number)
N/A
(IRS Employer Identification No.)
C/O Yigal Arnon & Co.
22 Rivlin Street
Jerusalem 91000 Israel
(Address of principal executive offices)
011-972-2-623-9200
(Registrant's telephone number, including area code)
With Copy To:
Mr. Todd Oseth, CEO
2864 South Circle Drive, Suite 500
Colorado Springs, CO 80906
(Address of principal operating offices)
719-955-3400
(Registrant's telephone number, including area code)
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ITEM 4. Changes in Registrant's Certifying Accountant
(i) On February 14, 2000, Luboshitz Kasierer gave the Company written
notice of its resignation as the Company's independent accountant.
(ii) Luboshitz Kasierer's reports on the Company's financial statements
for the fiscal years ended December 31, 1998 and December 31, 1997, 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 as to
the going concern nature of the registrant.
(iv) During the Company's two most recent fiscal years and through
February 14, 2000, there were no disagreements with Luboshitz Kasierer on any
matter of accounting principles or practices, financial statement disclosure or
auditing scope or procedure, which disagreements, if not resolved to the
satisfaction Luboshitz Kasierer, would have caused it to make reference to the
subject matter of the disagreement in connection with its report.
(v) During the Company's two most recent fiscal years and through
February 14, 2000, Luboshitz Kasierer did not advise the Company of any
"reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.
(vi) The Company has retained BDO Seidman, LLP as its independent
certified public accountants. BDO Seidman, LLP will audit the consolidated
financial statements of the Company for the year ended December 31, 1999, and
BDO Shlomo Ziv & Co. has been engaged to re-audit the consolidated financial
statements of the Company for the years ended December 31, 1998 and 1997. The
Registrant's Audit Committee and Board of Directors have approved the change in
auditors.
(vii) The Company has requested that Luboshitz Kasierer furnish it with
a letter addressed to the Securities and Exchange Commission stating whether or
not it agrees with the foregoing statements. A copy of such letter will be filed
within ten business days of the date of this filing, or within two business days
of the receipt of such letter.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
The following exhibits are filed herewith:
16.1 Letter from Luboshitz Kasierer, former principal accountant for the
Registrant, will be filed within ten business days of this filing, or within two
business days of the receipt of such letter.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
LANGUAGEWARE.NET (COMPANY) LTD.
By: /s/ Thomas B. Foster
Thomas B. Foster
Chief Financial Officer
Dated: February 22, 2000
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