UHY LLP (“UHY”) served as the independent auditor for Particle Drilling Technologies, Inc. (the “Company”) for the fiscal year ended September 30, 2008. On January 22, 2009, the Audit Committee of the Board of Directors of the Company approved the dismissal of UHY as the Company’s independent registered public accounting firm.
None of the reports of UHY on the Company’s financial statements for either of the past two years or any subsequent interim period contained an adverse opinion or disclaimer of opinion, nor have they contained any qualification or modification as to uncertainty, audit scope or accounting principles. During the Company’s two most recent fiscal years, and the subsequent interim period to January 22, 2009, the Company has had no disagreements with UHY on any matters of accounting principles or practice, financial statement disclosure, or auditing scope or procedure, which if not resolved to UHY’s satisfaction, would have caused UHY to make reference to such disagreement in connection with its report.
The Company has provided UHY with a copy of the above disclosures in response to Item 304(a) of Regulation S-K in conjunction with the filing of this Form 8-K. The Company requested that UHY deliver to the Company a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made by the Company in response to Item 304(a) of Regulation S-K, and if not, stating the respects in which it does not agree. A copy of the letter of UHY is filed as Exhibit 16.1 to this Current Report on Form 8-K.
On January 22, 2009 the Company engaged GBH CPAs, PC (“GBH”) to serve as the Company’s independent registered public accounting firm. During the Company’s two most recent fiscal years, and the subsequent interim period to January 22, 2009, the Company did not consult with GBH regarding any of the matters or events set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.
