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): March 18, 2004
(March 15, 2004)
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BF Acquisition Group I, Inc.
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(Exact name of registrant as specified in its charter)
Florida 0-26843 65-0913582
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(State or other (Commission File (IRS Employer
jurisdiction Number) Identification No.)
of incorporation)
400 Hampton View Court, Alpharetta, Georgia 30004
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 777-6795
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant.
On March 15, 2004, the Registrant's audit committee was notified
by Ahearn, Jasco + Company, P.A., certified public accountants
("Ahearn") that Ahearn will decline to stand for reappointment as
the Registrant's auditors for its year ending April 30, 2004.
Ahearn also resigned as the independent accountants for the
review of our quarterly information for the quarters ended during
the fiscal year ending April 30, 2004. Ahearn has reported on
our financial statements as the independent auditor of the
Registrant from April 15, 1999 (our inception) through our year
ended April 30, 2003. As of the date hereof, the Registrant's
Board of Directors has not yet voted to replace its independent
accountant.
The issued reports did not contain any adverse opinion,
disclaimer or opinion, or modification as to uncertainty, audit
scope or accounting principles; except that, such reports
contained an explanatory paragraph relating to substantial doubt
regarding the uncertainty of the registrant's ability to continue
as a going concern. From April 15, 1999 through March 15, 2004,
there were no disagreements between the registrant and Ahearn on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.
The registrant is in the process of filing its past due reports
with the Securities and Exchange Commission ("Commission") in
order to be current in connection with the registrant's reporting
obligations to the Commission. As of January 28, 2004, the
registrant is current in its filing obligations up to its fiscal
year ended April 30, 2003, but has not filed with the Commission
its required reports on Forms 10-QSB for the quarterly periods
ended July 31, 2003, October 31, 2003 and January 31, 2004, and
did not provide Ahearn with the materials and information
necessary for Ahearn to perform their required reviews. As a
result, Ahearn notified the registrant on March 15, 2004 that
Ahearn is of the belief that the registrant has neither the
resources nor the desire to maintain a current reporting status,
and therefore believes that the operation of the registrant's
disclosure controls and procedures is ineffective, which is
contrary to what the registrant reported in its April 30, 2003
Form 10-KSB. Neither the registrant's audit committee nor the
board of directors discussed this matter with Ahearn. The
registrant has authorized Ahearn to respond fully to the
inquiries of the registrant's successor accountant concerning the
above.
Ahearn has furnished to the registrant a letter addressed to the
Securities and Exchange Commission stating whether or not Ahearn
agrees with the statements made by the Company herein. A copy of
such letter, dated March 17, 2004, is attached as an exhibit to
this report.
Item 7. Financial Statements and Exhibits.
16.1 Letter from Ahearn to the Registrant dated
March 15, 2004.
16.2 Letter from Ahearn to the Commission dated
March 17, 2004.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
BF ACQUISITION GROUP I, INC.
By:/s/ William Bosso
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William Bosso,
President
Dated March 18, 2004
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