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
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): January 7, 2004
DEBT RESOLVE, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-29525 33-0889197
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification No.)
707 WESTCHESTER AVENUE, SUITE 409, WHITE PLAINS, NEW YORK 10604
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 949-5500
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On January 7, 2004, Debt Resolve, Inc., formerly Lombardia Acquisition
Corp., replaced Baron Accountancy Corporation as its independent accountant.
Baron Accountancy had been previously engaged as the principal accountant to
audit Debt Resolve's financial statements. The reason for the replacement of
Baron Accountancy was that Debt Resolve moved the location of its principal
offices from Irvine, CA to White Plains, NY in 2003 following its change of
control. Debt Resolve believes that it is in its best interests to engage an
independent accounting firm located closer to its new principal offices.
Therefore, Debt Resolve retained Becher, Della Torre, Gitto & Company as its new
independent accountant effective January 7, 2004. Becher, Della Torre, Gitto &
Company is located at 26 North Walnut Street, Ridgewood, NJ 07450.
Baron Accountancy's reports on Debt Resolve's financial statements for
the past two years did not contain adverse opinions or disclaimers of opinion,
and neither report was qualified or modified as to uncertainty, audit scope or
accounting principles, except that their reports for each of the last two fiscal
years included an explanatory paragraph stating that Debt Resolve's need for an
infusion of additional capital raised substantial doubt about its ability to
continue as a going concern.
The decision to change accountants was approved by Debt Resolve's Board
of Directors.
During Debt Resolve's two most recent fiscal years, and the subsequent
interim periods, prior to January 7, 2004, there were no disagreements with
Baron Accountancy on any matter of accounting principles or practices, financial
statement disclosure, auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of Baron Accountancy would have caused it to make
reference to the subject matter of the disagreement in connection with its
reports.
Debt Resolve has provided Baron Accountancy with a copy of this Report
and has requested Baron Accountancy to furnish Debt Resolve with a letter
addressed to the U.S. Securities and Exchange Commission stating whether it
agrees with the above statements and, if not, to state the respects in which it
does not agree with such statements. Baron Accountancy's response letter, dated
January 7, 2004, is filed as Exhibit 16.1 to this Report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
16.1 Letter from Baron Accountancy Corporation, dated
January 7, 2004.
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 thereunto duly authorized.
Date: January 7, 2004 DEBT RESOLVE, INC.
By:/s/James D. Burchetta
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James D. Burchetta
Chief Executive Officer