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 (April 26, 2005):
Diversified Realty, Inc.
(Exact name of small business issuer as specified in its charter)
Commission file number 0-2864
Montana 81-0268110
(State of Incorporation) (IRS Employer
Identification Number)
128 Second Street South, Great Falls, Montana 59405
(Address of Principal Executive Offices)
(406) 727-2600
(Issuer's telephone number including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Anderson ZurMuehlen & Co., P.C. , the Company's independent
registered public accounting firm, resigned on April 22, 2005 and
ceased its client-auditor relationship for all reporting dates
after January 1, 2005.
Anderson ZurMuehlen & Co., P.C. reports on the Company's financial
statements as of and
for the year ended December 31, 2003 contained no adverse opinion
or a disclaimer of opinion, and were not qualified or modified as
to uncertainty, audit scope or accounting principles. During the
2004 audit, our registered independent accounting firm felt that
the Company did not maintain certain supporting documents, nor
was the Company's internal control adequate. Anderson ZurMuehlen
& Co., P.C. states that they do not express an opinion on the
financial statements for the period ending December 31, 2004
because their audit procedures could not be extended sufficiently
to determine the extent to which 2004 financial statements may
have been affected.
The Company is addressing and correcting the inadequacies cited by
their independent public accounting firm, is in the process of
re-stating the financial statements included in the 10KSB and
annual reports to shareholders for the year ending December 31,
2004 taking into account comments and suggestions made by Anderson
ZurMuehlen & Co., P.C., is
locating missing documentation, is seeking additional personnel,
and is moving forward to correct internal control issues.
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During the years ended December 31, 2004 and December 31, 2003, and
through the resignation date, there have been no disagreements with
Anderson ZurMuehlen & Co., P.C., on any matter of accounting
principles or practices, financial statement disclosure or auditing
scope or procedure. A letter from Anderson ZurMuehlen & Co., P.C.
is attached as Exhibit 16. During the years ended December 31, 2004
and December 31, 2003 and through the date of this Form 8-K, there
have been no reportable events (as defined in Regulation S-K Item
304(a)(1)(v).
Diversified Realty, Inc.. is seeking a new accounting firm to
replace Anderson ZurMuehlen & Co., P.C. To the best of our
knowledge, there are currently no other registered independent
public accounting firms in the Company's state of operation still
auditing public companies.
ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS.
(a ). Not applicable
(b ). Not applicable
(c ). Exhibits
Exhibit 16. Letter from Anderson ZurMuehlen & Co., P.C. dated
April 26, 2005, is attached to this report.
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.
Diversified Realty, Inc.
Dated: April 26, 2005 By: /s/ R. Bruce Robson
R. Bruce Robson Its: President
INDEX TO EXHIBITS
Number Description
16 Letter from Anderson ZurMuehlen & Co., P.C. dated April 26, 2005.
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EXHIBIT 16
[ANDERSON ZURMUEHLEN & CO., P.C. LETTERHEAD]
AZ & COMPANY [LOGO]
DISCOVERY BLOCK
828 GREAT NORTHERN BOULEVARD
P.O. BOX 1040 HELENA, MT 59624-1040
April 26, 2005
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We have read the Form 8-K, item 4, for Diversified Realty, Inc.
(SEC File No. 0-2864) dated April 26, 2005, and we agree with the
tatements made therein concerning our resignation.
Sincerely,
/s/ Anderson ZurMuehlen & Co., P.C.
Anderson ZurMuehlen & Co., P.C.
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