UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 16, 2003
DIAMOND ENTERTAINMENT CORPORATION
(Exact name of registrant as specified in its charter)
NEW JERSEY
(State or other jurisdiction of
incorporation or organization) | 0-17953
(Commission File Number) | 22-2748019
(I.R.S. Employer Identification No.) |
800 Tucker Lane, Walnut, California 91789
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(909) 839-1989
____________________________________________________
(Former name or former address, if changed since last report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 4.
Changes in Registrant’s Certifying Accountant
Effective July 16, 2003, Diamond Entertainment Corporation’s (the “Company”) principal independent accountants, Stonefield Josephson, Inc., resigned as the Company’s principal independent accountant. Stonefield Josephson, Inc., had been engaged, on August 8, 2002, by the Company as the principal independent accountant to audit the financial statements of the Company for the fiscal year ended March 31, 2003, replacing the firm of Merdinger, Fruchter, Rosen & Company, P.C. Stonefield Josephson, Inc., was subsequently engaged, on May 19, 2003, to audit the financial statements of the Company for the year ended March 31, 2003, and to re-audit the financial statements of the Company for the year ended March 31, 2002. Stonefield Josephson, Inc., has not rendered any report on the financial statements of the Company filed with the Securities and Exchange Commission (the “Commission”).
A letter of resignation from Stonefield Josephson, Inc., has been furnished to and accepted by the board of directors of the Company.
Stonefield Josephson, Inc., has orally advised counsel for the Company that there were no disagreements, whether or not resolved, between Stonefield Josephson, Inc. and the Company on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the satisfaction of Stonefield Josephson, Inc., would have caused it to make reference to the subject matter of the disagreement in connection with its report on the financial statements of the Company. Furthermore, Stonefield Josephson, Inc. has not advised the Company with respect to any of the matters referred to in Item 304(a)(1)(iv)(B) of Regulation S-B.
The Company has requested and has received from Stonefield Josephson, Inc. a letter addressed to the Commission stating whether it agrees with the above statements, and, if not, stating the respects in which it does not agree. A copy of such letter is attached to this Current Report on Form 8-K/A as an exhibit thereto.
Item 7.
Financial Statements and Exhibits
(a)
Exhibits
(16)
Letter on change in certifying accountant
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.
| | DIAMOND ENTERTAINMENT CORPORATION. |
Date: August 25, 2003 | By:/s/ Fred U. Odaka Fred U. Odaka, Chief Financial Officer |
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