ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(1) PREVIOUS INDEPENDENT AUDITORS:
a. On January 10, 2013, the Company was informed that our registered
independent public accountant, Peter Messineo, CPA, of Palm Harbor Florida
("PM") declined to stand for re-appointment. PM has merged his firm into
the registered firm of Drake and Klein CPAs PA, as stated in (2) below.
b. PM's report on the financial statements for the years ended February 29,
2012 and February 28, 2011 contained no adverse opinion or disclaimer of
opinion and was not qualified or modified as to audit scope or accounting,
except that the report contained an explanatory paragraph stating that
there was substantial doubt about the Company's ability to continue as a
going concern.
c. Our Board of Directors participated in and approved the decision to change
independent accountants. Through the period covered by the financial audit
for the years ended February 29, 2012 and February 28, 2011 and including
its review of financial statements of the quarterly periods through August
31, 2012 there have been no disagreements with PM 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 PM would have caused them to make reference thereto in
their report on the financial statements. Through the interim period
January 10, 2013 (the date of decline to stand for re-appointment of the
former accountant), there have been no disagreements with PM 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 PM would have caused them to make reference thereto in
their report on the financial statements.
d. We have authorized PM to respond fully to the inquiries of the successor
accountant
e. During the years ended February 29, 2012 and February 28, 2011 and the
interim period through January 10, 2013, there have been no reportable
events with us as set forth in Item 304(a)(1)(iv) of Regulation S-K.
f. The Company provided a copy of the foregoing disclosures to PM prior to the
date of the filing of this Report and requested that PM furnish it with a
letter addressed to the Securities & Exchange Commission stating whether or
not it agrees with the statements in this Report. A copy of such letter is
filed as Exhibit 16.1 to this Form 8-K.
(2) NEW INDEPENDENT ACCOUNTANTS:
a. On January 10, 2013, the Company engaged Drake, Klein, Messineo, CPAs PA
("DKM") of Clearwater, Florida, as its new registered independent public
accountant. During the years ended February 29, 2012 and February 28, 2011
and prior to January 10, 2013 (the date of the new engagement), we did not
consult with DKM regarding (i) the application of accounting principles to
a specified transaction, (ii) the type of audit opinion that might be
rendered on the Company's financial statements by DKM, in either case where
written or oral advice provided by DKM would be an important factor
considered by us in reaching a decision as to any accounting, auditing or
financial reporting issues or (iii) any other matter that was the subject
of a disagreement between us and our former auditor or was a reportable
event (as described in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of
Regulation S-K, respectively).
