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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): September 6 , 2000
CAMBIO, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-19726 94-3022377
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6006 North Mesa Street, El Paso, Texas 79912
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (915) 581-5828
Not Applicable
(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On September 6, 2000, Grant Thornton LLP resigned as the independent
accountants of Cambio, Inc. (the "Company"). Except for the report for the year
ended June 30, 1999 which raised doubt about the Company's ability to continue
as a going concern, Grant Thornton LLP's report on the Company's financial
statements for the years ended June 30, 1999 and June 30, 1998 contained no
adverse opinion or a disclaimer of opinion, and was not qualified or modified as
to uncertainty, audit, scope or accounting principles.
In connection with the audits of the Company's financial statements for
each of the two fiscal years ended June 30, 1999 and June 30, 1998, and during
the most recent interim period preceding Grant Thornton LLP's resignation, there
were no disagreements between the Company and Grant Thornton LLP 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 Grant Thornton LLP, would have caused it to make reference to
the subject matter of the disagreement in connection with its report. The
Company has requested Grant Thornton LLP to furnish it a letter addressed to the
Commission stating whether it agrees with the above statements. A copy of that
letter, dated September 8, 2000, is filed as Exhibit 16.1 to this Form 8-K.
BDO Seidman, LLP has been retained as the Company's new independent
accountants and the decision to engage BDO Seidman, LLP as the Company's
accountants was approved by the Company's Board of Directors. BDO Seidman, LLP
is expected to issue a report on the Company's financial statements for the year
ended June 30, 2000.
During the last two fiscal years and the subsequent interim period to the
date hereof, the Company did not consult BDO Seidman, LLP regarding any of the
matters or events set forth in Item 304(a)(2) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
16.1 Letter re Change in Certifying Accountant, dated
September 8, 2000.
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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.
CAMBIO, INC.
Date: September 11, 2000 By /s/ Ali Al-Dahwi
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Ali Al-Dahwi
President
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION
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16.1 Letter re Change in Certifying Accountant, dated
September 8, 2000