1
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 earliest event reported: July 7, 2000
-------------------
NEXT GENERATION MEDIA CORP.
-------------------
(Exact Name of Registrant as Specified in Its Charter)
NEVADA 2-74785-B 88-0169543
------------------------------- -------------------- ------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8380 Alban Road, Springfield, Virginia 22150
- ---------------------------------------------- ---------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (703) 913-0425
--------------
N/A
---
(Former name or former address, if changed since last report.)
2
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On July 7, 2000, the registrant dismissed BDO Seidman LLP as its
principal independent accountant. The primary reason for the dismissal of BDO
Seidman LLP was cost. A secondary reason was BDO Seidman LLP's stated intent to
increase its focus on larger clients of the accounting firm.
BDO Seidman LLP's report on the financial statements of the registrant
for neither of the past two years contained an adverse opinion or disclaimer of
opinion or was modified as to audit scope, or accounting principles. BDO Seidman
LLP's report on the financial statements of the registrant for 1998 was modified
as to uncertainty in that BDO Seidman LLP provided a "going concern" opinion.
Its report on the financial statements of the registrant for 1999 was not so
modified.
The decision to change accountants was not recommended but was approved
by the registrant's board of directors.
There were no disagreements with BDO Seidman LLP, whether or not
resolved, on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved to
BDO Seidman LLP's satisfaction, would have caused it to make reference to the
subject matter of the disagreement(s) in connection with its report.
On September 6, 2000, the registrant engaged Turner, Jones and
Associates as the registrant's new principal accountant to audit the
registrant's financial statements. Neither the registrant nor someone on its
behalf consulted the new accountant on the application of accounting principles
to a specific completed or contemplated transaction, or the type of audit
opinion that might be rendered on the registrant's financial statements.
ITEM 7. EXHIBITS.
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
16.1 Letter from BDO Seidman LLP regarding change in accountants.
2
3
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.
NEXT GENERATION MEDIA CORP.
Date: January 2, 2001 By: /s/ Leon Zajdel
----------------------
Name: Leon Zajdel
Title: Director
3
4
INDEX TO EXHIBITS
Exhibit Number Description of Document
16.1 Letter from BDO Seidman LLP regarding change in
accountants.