UNITED STATES
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) June 25, 2004
MIAD SYSTEMS LTD.
(Exact name of registrant as specified in its charter)
| Canada |
| 03-30801 |
| N/A |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||
|
|
|
43 Riviera Drive, Unit 6
Markham, Ontario, Canada
L3R 5J6
(Address of Principal Executive Office) (Zip Code)
(905) 479-0214
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, If Changed Since Last Report.)
Item 4. Changes in Registrant's Certifying Accountant.
(a)
Effective on April 23, 2004 the independent accountant who was previously engaged as the principal accountant to audit the Company's financial statements, Brodeur, Dennis Chartered Accountants, Richmond Hill, Ontario,Canada resigned. Brodeur, Dennis Chartered Accountants resigned because the independent accounting firm, because of its relatively small size, is not pursuing registration with the Public Company Accounting Oversight Board. Section 102 of the Sarbanes-Oxley Act of 2002 prohibits firms that are not registered with the Public Company Accounting Oversight Board from preparing or issuing audit reports on public companies.
In connection with the audits of the years ended September 30, 2002 and September 30,2003, and the subsequent interim period through April 23, 2004, there were no disagreements with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to the satisfaction of the Former Accountant would have caused them to make reference thereto in its report on the financial statements for such periods.
In connection with the audits of the years ended September 30,2002 and September 30, 2003, and the subsequent interim period through to April 23, 2004, the Former Accountant did not advise the Company with respect to any of the matters described in paragraphs (a)(1)(iv)(B)(1) through (3) of Item 304 of Regulation
S-B.
The Company provided the Former Accountant with a copy of the foregoing disclosures and requested in writing that the Former Accountant furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not they agree with such disclosures. The confirming letter from Brodeur, Dennis Chartered Accountants is attached hereto as Exhibit 16.1.
(b)
The Company will seek to replace its Former Accountant. In the interim, financial statements will be prepared, reviewed and filed by management.
Item 7. Financial Statements and Exhibits.
(a)
Financial Statements.
Not applicable
(b)
Pro Forma Financial Information
Not applicable
(c)
Exhibits.
| Exhibit No. |
| Description |
Letter from Brodeur, Dennis Chartered Accountants dated June 24, 2004. |
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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.
| MIAD SYSTEMS, LTD. | |
| ||
Date: June 25, 2004 | By: | /s/ MICHAEL A. S. GREEN |
Michael A. S. Green President | ||
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INDEX TO EXHIBITS
Exhibit No. |
| Description |
Letter from Brodeur, Dennis Chartered Accountants dated June 24, 2004. |
