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): June 18, 2004
INTEGRATED PERFORMANCE SYSTEMS, INC.
------------------------------------
(Exact name of registrant as specified in its charter)
New York 000-30794 11-3042779
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
10501 FM 720 East 75035
Frisco, Texas (Zip Code)
(Address of principal executive offices)
(972) 381-1212
(Registrant's telephone number, including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
The Company, with the approval of the board of directors, elected to
change its principal independent accountant and primary auditors, Malone &
Bailey, PLLC, as of June 18, 2004.
Although unrelated to the change in auditors, the former accountant's
report on the Company's financial statements for each of the past two fiscal
years contained an opinion relating to the Company's ability to continue as
a going concern. Other than the foregoing, the former accountant's reports
on the Company's financial statements for either of the past two years
did not contain an adverse opinion or disclaimer of opinion, and were not
modified as to uncertainty, audit scope, or accounting principles. During
the Company's two most recent fiscal years and the subsequent interim period
preceding termination of the relationship, there were no disagreements with
the former accountant on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure.
The Company provided Malone & Bailey, PLLC with a copy of the foregoing
disclosures and requested Malone & Bailey, PLLC to furnish the Company with
a letter addressed to the Commission stating whether it agreed with the
foregoing statements and, if not, stating the respects in which it did not
agree. Malone & Bailey, PLLC's letter, stating that it agreed with the
disclosures, is filed as Exhibit 16 to this Form 8-K Report.
On June 22, 2004, the Company engaged KBA Group LLP, as its principal
accountant to audit the Company's financial statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements: None.
(b) Pro forma financial information: None.
(c) Exhibits: Reference is made to the Exhibit Index at the end of
this Form 8-K report for a list of all exhibits filed with and
incorporated by reference herein.
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.
INTEGRATED PERFORMANCE SYSTEMS, INC.
By: /s/ D. RONALD ALLEN
------------------------------------
D. Ronald Allen
Chief Executive Officer
and Principal Financial Officer
Date: June 24, 2004
EXHIBIT INDEX
Exhibit Number Description of Exhibits
-------------- ---------------------------------------------------------
16* Letter from Malone & Bailey, PLLC to the Securities and
Exchange Commission.
_________________
* Filed herewith.