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): JANUARY 24, 2006
SIGNET INTERNATIONAL HOLDINGS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE | 000-51185 | 98-0403551 |
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION) | (COMMISSION FILE NO.) | (IRS EMPLOYEE IDENTIFICATION NO.) |
205 WORTH AVENUE, SUITE 316
PALM BEACH, FLORIDA 33480
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(561)832-2000
(ISSUER TELEPHONE NUMBER)
(FORMER NAME AND ADDRESS)
FORWARD LOOKING STATEMENTS
This Form 8-K and other reports filed by Registrant from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, Registrant’s management as well as estimates and assumptions made by Registrant’s management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to Registrant or Registrant’s management identify forward looking statements. Such statements reflect the current view of Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to Registrant’s industry, Registrant’s operations and results of operations and any businesses that may be acquired by Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
Although Registrant believes that the expectations reflected in the forward looking statements are reasonable, Registrant cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, Registrant does not intend to update any of the forward-looking statements to conform these statements to actual results.
ITEM 4.02. | NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIALS STATEMENTS TO A RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW |
The consolidated balance sheet and statement of operations included in the financial statements filed by Signet International Holdings, Inc. prior to the date of this current report on Form 8-K will be restated as discussed below. As set forth in a letter from its independent auditor, S. W. Hatfield, CPA, (Exhibit 23.1 “Letter from S. W. Hatfield, CPA”) after consulting with the independent auditor it was determined that various issuances of common stock were not recorded in the books and records of Signet Entertainment Corporation. S. W. Hatfield, CPA had not been provided such documentation related to these transactions and has only recently received the requested documentation related to these unrecorded transactions. Based on its evaluation, S. W. Hatfield, CPA has concluded that the unrecorded events are material to the financial statements of Signet Entertainment Corporation and to the Company. As such, the Company intends to file an amendment to its Form 8-K filed on September 14, 2005 with revised audited financial statements for Signet Entertainment Corporation as well as the pro-forma financial statements for this transaction.
ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS. |
| (a) | Financial statements of business acquired: |
None |
| (b) | Exhibits |
23.1 | Letter from S. W. Hatfield, CPA |
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.
SIGNET INTERNATIONAL HOLDINGS, INC.
By: /s/ | Ernest Letiziano |
Ernest Letiziano
CEO |
Dated: January 24, 2006