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): July 31, 2008
Comtex News Network, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-10541 13-3055012
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(State or other jurisdiction (SEC File Number) (I.R.S. Employer
of incorporation) Identification No.)
625 North Washington Street, Suite 301, Alexandria, Virginia 22314
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (703) 820-2000
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Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 4.01. Change in Registrant's Certifying Accountant
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(a) On July 31, 2008, Comtex News Network, Inc. (the "Company" or the
"Registrant") terminated the services of McGladrey & Pullen LLP ("M&P") as the
outside accounting firm for the Registrant. The Registrant has engaged Turner
Stone & Company, LLP ("Turner Stone") as its new outside accounting firm,
effective August 1, 2008.
M&P reported on the consolidated financial statements of the Registrant for each
of the two years in the period ended June 30, 2007. Turner Stone has been
engaged to audit the consolidated financial statements of the Registrant as of
and for the year ended June 30, 2008. M&P's report on the Company's financial
statements for the two years ended June 30, 2006 and 2007 did not contain an
adverse opinion or a disclaimer of opinion, or was qualified or modified as to
uncertainty, audit scope or accounting principles. The Registrant's Audit
Committee approved the cessation of the professional relationship between the
Registrant and M&P and the engagement of Turner Stone.
During the two years ended June 30, 2007 and the interim period through the date
of this Report, the Registrant had no disagreements with M&P on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure which disagreements, if not resolved to the satisfaction of
M&P, would have caused it to make reference to the subject matter of the
disagreements in connection with its report.
None of the reportable events described by Item 304(a)(1)(v) of Regulation S-K
has occurred.
The Registrant has provided M&P a copy of the disclosures contained in this
Report, which was received by M&P on the date of this Report. The Registrant has
requested M&P to furnish the Registrant with a letter in response to Item 304(a)
of Regulation S-K. Such letter is included in this Report as Exhibit 16.1.
(b) Turner Stone was engaged by the Registrant on July 31, 2008 to audit the
consolidated financial statements of the Registrant as of and for the year ended
June 30, 2008. During the two years ended June 30, 2007 and the subsequent
interim period through the date of this Report, the Registrant did not consult
with Turner Stone regarding any of the matters set forth in Item 304(a)(2)(i) or
(ii) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits
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Exhibits
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro FormaFinancial Information. Not applicable.
(c) Shell Company Transactions. Not applicable.
(d) Exhibits.
Exhibit Number Exhibit Description
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16.1 Letter from McGladrey & Pullen, LLP
regarding change in certifying
accountant
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.
COMTEX NEWS NETWORK, INC.
DATE: August 4, 2008 By: /s/ Chip Brian
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Chip Brian
President and Chief Executive Officer