SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 13, 2003
UNITED ENERGY CORP.
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(Exact name of Registrant as specified in charter)
Nevada 000-30841 22-3342379
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(State or other (Commission (I.R.S. Employer
jurisdiction of File No.) Identification No.)
incorporation)
600 Meadowlands Parkway #20,
Secaucus, N.J. 07094
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(Address of Principal Executive Offices)
(800) 327-3456
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(Registrant's telephone number, including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On August 13, 2003, United Energy Corp. (the "Company") dismissed Grant
Thornton, LLP (the "Former Auditor") as its independent auditor. The Company's
dismissal of the Former Auditor was approved by the entire Board of Directors of
the Company upon the recommendation of the Company's Audit Committee.
The Former Auditor's report on the Company's financial statements for the
two years ended March 31, 2003 did not contain an adverse opinion or disclaimer
of opinion, nor was such opinion qualified or modified as to uncertainty, audit
scope or accounting principles.
During the two most recent fiscal years and the interim preceding such
dismissal, we are not aware of any disagreements with the Former Auditor on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement(s), if not resolved to the
satisfaction of the Former Auditor, would have caused it to make references to
the subject matter of the disagreement(s) in connection with its report.
We are not aware of any reportable events that have occurred during the two
most recent fiscal years and the interim period preceding the dismissal of the
Former Auditor.
The Company has engaged the firm of Imowitz Koenig & Co., LLP, 125 Park
Avenue, New York, NY 10017 and 212-867-8711 (the "New Auditor") as its
independent auditor effective on or about August 13, 2003, to act as its
independent auditor for the fiscal year ending March 31, 2004.
During the two most recent fiscal years and the interim period preceding
the appointment of the New Auditor, we have not consulted the New Auditor
regarding either (i) the application of the accounting principles to a specified
transaction, either completed or proposed; or the type of audit opinion that
might be rendered on our financial statements, and neither a written report nor
advice was provided to us that the New Auditor concluded was an important factor
considered by us in reaching a decision as to the accounting of financial
reporting issue; or (ii) any matter that was either the subject of a
disagreement or a reportable event (as defined in Regulation S-K, Item
304(a)(1)).
The Company has authorized and requested the Former Auditor to respond
fully to the inquiries of the New Auditor.
The Company has provided the Former Auditor with a copy of the disclosures
it is making herein in response to Item 304(a) of Regulation S-K. The Registrant
requested that the Former Auditor furnish the Registrant with a letter addressed
to the Commission stating whether it agrees with the statements made by the
Registrant. The Registrant has annexed such letter hereto as Exhibit 16.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) N/A
(b) N/A
(c) Exhibits
16.1 Letter from Grant Thornton, LLP, dated August 18, 2003.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized
UNITED ENERGY CORP.
(Registrant)
Date: August 19, 2003 By: /s/ Ronald Wilen
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Ronald Wilen
Chairman and Chief Executive Officer