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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
April 18, 2002
Date of Report (Date of earliest event reported)
INTAC International, Inc.
(Exact name of registrant as specified in its charter)
Nevada 000-32621 98-0336945
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification No.)
Unit 3-5, 17/F., Clifford Centre
778-784 Cheung Sha Wan Road
Kowloon, Hong Kong N/A
(Address of principal executive offices) (Zip Code)
(852) 2385.8789
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report)
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Item 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
KPMG LLP ("KPMG") resigned as principal accountants of the
Registrant effective April 18, 2002. The Registrant was notified
of KPMG's resignation by letter dated April 18, 2002. The
Registrant is in the process of interviewing accounting firms to
replace KPMG and expects to announce a suitable replacement
therefor shortly.
KPMG's report dated April 10, 2002 on the Registrant's
consolidated financial statements as of December 31, 2001 and for
the period from January 3, 2001 (date of inception) to December
31, 2001, did not contain an adverse opinion or disclaimer of
opinion, nor was it qualified or modified as to uncertainty,
audit scope, or accounting principles.
In connection with the audit of the Registrant's
consolidated financial statements as of December 31, 2001 and for
the fiscal period ended December 31, 2001, and during the
subsequent interim period through April 18, 2002, there were no
disagreements with KPMG on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedures, which disagreements if not resolved to the
satisfaction of KPMG would have caused it to make reference
thereto in connection with its opinion to the subject matter of
the disagreement, except as follows:
Certain matters involving internal control that KPMG
considered to be reportable conditions under standards
established by the American Institute of Certified Public
Accountants were communicated by KPMG in writing to the Board of
Directors of the Registrant on April 11, 2002. This
communication indicated that, in the opinion of KPMG, the
Registrant did not have personnel with adequate knowledge of the
SEC's rules and regulations regarding the application of
accounting principles generally accepted in the United States of
America and that KPMG recommends that the Registrant continue to
expand its finance department to include such personnel. The
Registrant has authorized KPMG to respond fully to inquiries of
the successor accountant concerning this item.
Without agreeing with the conclusions reached in KPMG's
letter dated April 11, 2002, the Registrant advises that it has,
since the first quarter of 2002, become aware of the need to
retain additional senior management personnel with finance and
public accounting experience so as to expand these capabilities
commensurate with its growth. The Registrant expects to announce
one or more such additions shortly. The Board of Directors of
the Registrant does not believe that its decision to delay the
expansion of its finance department has affected the quality of
the Registrant's consolidated financial statements for any period
previously reported.
The Registrant has furnished KPMG with a copy of this
Current Report on Form 8-K, and KPMG has furnished the Registrant
with a letter dated April 25, 2002 addressed to the Securities
and Exchange Commission stating whether or not it agrees with the
discussion of the resignation and the disclosures made herein.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
Exhibit Description
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99.1 Resignation Letter, dated April 18, 2002, from
KPMG LLP (filed herewith).
99.2 Letter, dated April 25, 2002, from KPMG LLP
(filed herewith).
SIGNATURE
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.
Date: April 25, 2002 INTAC INTERNATIONAL, INC.
By: /s/ JAMES H. MCALISTER
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James H. McAlister, Vice
President-Finance
(Principal Accounting Officer)
INDEX TO EXHIBITS
Exhibit Description
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99.1 Resignation Letter, dated April 18, 2002, from
KPMG LLP (filed herewith).
99.2 Letter, dated April 25, 2002, from KPMG LLP
(filed herewith).