Item 4.01 Changes in Registrants Certifying Accountant.
On December 21, 2012, the Company decided to engage new auditors as its independent accountants to audit the Companys financial statements. The Companys Board of Directors and its audit committee approved the change of accountants to
I. Vellmer Inc. Accordingly, the Company dismissed PLS CPA, A Professional Corp. on December 21, 2012.
In connection with the audits of the Companys financial statements for the Companys last audited fiscal years ended June 30, 2011 and June 30, 2010 and any subsequent interim period through the date of dismissal, there were (i)
no disagreements with PLS CPA, A Professional Corp. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope and procedures which, if not resolved to the satisfaction of PLS CPA, A Professional Corp. would have caused PLS CPA, A Professional Corp. to make reference to the matter in their report,
and (ii) no reportable events as that term is defined in Item 304(a)(1)(v) of Regulation S-K. The reports on the financial statements prepared by PLS CPA, A Professional Corp., for the past two fiscal years 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 that PLS CPA, A Professional Corp., expressed in their reports substantial doubt about the Companys ability to continue as a going concern.
The Company engaged the firm of I. Vellmer Inc. as of December 21, 2012. During the Companys last fiscal year preceding their engagement, the subsequent interim periods thereto, and through the date of engagement,
I. Vellmer Inc. was not consulted on any matter relating to accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Companys financial statements. Neither was a written report provided by I. Vellmer Inc. nor oral advice provided that I. Vellmer Inc. concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or was there any matter that was either subject of disagreement or event, as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instruction to Item 304 of Regulation S-K, or a reportable event, as that term is explained in Item 304(a)(1)(iv) of Regulation S-K.
The Company provided PLS CPA, A Professional Corp. with a copy of this Amendment No. 2 Current Report on Form 8-K, that amends the Amendment No. 1 Filing Form 8-K/A and the Original Filing Form 8-K, prior to its filing with the SEC, and requested that they furnish the Company with an updated Exhibit 16 letter addressed to the SEC stating whether they agree with the statements made in this Current Report Amendment, and if not, stating the aspects with which they do not agree. A copy of the letter provided from PLS CPA, A Professional Corp. is attached as Exhibit 16.1.