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
__________________
February 29, 2008
CHINA MEDIA GROUP CORPORATION
(Exact Name of Registrant as Specified in Charter)
Texas
(State or other jurisdiction
of incorporation) | 000-50431
(Commission
File Number) | 32-0034926
(IRS Employer
Identification No.) |
Room 1403, 14/F., 194-204 Johnston Road, Wan Chai
Commercial Centre, Wan Chai, Hong Kong | n/a |
(Address of principal executive offices) | (Zip code) |
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Registrant's telephone number, including area code: | 011 852 3171 1208(Ext.222) |
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
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[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 4.01 | Changes in Registrant's Certifying Accountant |
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On February 26, 2008, the Company engaged Albert Wong & Co., Certified Public Accountants, as its new independent accountants, commencing with the audit for the fiscal year ended December 31, 2007, and thereby dismissed Kabani and Company, Inc., Certified Public Accountants ("Kabani"). The decision to change independent accountants was approved by the Board of Directors of the Company. |
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Kabani reported on the Company's financial statements for the years ended December 31, 2005 and 2006. Their opinion did not contain an adverse opinion or a disclaimer of opinion, and was not qualified as to uncertainty, audit scope, or accounting principles but was modified as to a going concern. |
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At no time during the report for the year ending December 31, 2005 and for the report for the year ending December 31, 2006 and for the interim period of 2007, were there any disagreements with Kabani 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 Kabani, would have caused them to make reference thereto in their report on the financial statements for such years. |
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| Item 9.01 | Financial Statements and Exhibits |
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| (d) | Exhibits |
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Exhibit | Description |
Exhibit 10.1 | Letter of former accountants, Kabani and Company, Inc. CPA |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized. |
Date: February 29, 2008 | CHINA MEDIA GROUP CORPORATION |
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| By: /s/ Con Unerkov
Name: Con Unerkov
Title: President |
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EXHIBIT 10.1
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LETTER FROM KABANI AND COMPANY, CPA |
February 29, 2008 Office of the Chief Accountant
SECPS Letter File
Mail Stop 9-5
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549 Re: China Media Group Corporation File No. 000-50431 |
We have read the statements that we understand China Media Group Corparation will include under Item 4.01 of the Form 8-K report, dated February 29, 2008, it will file regarding the recent change of auditors. We agree with such statements made regarding our firm. Very truly yours, /s/Kabani & Company, Inc.
Certified Public Accountants |
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