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):
January 15, 2003
IVORY CAPITAL CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado 33-24967 84-1087170
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) I.D. Number)
5459 South Iris Street
Littleton, Colorado 80123
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(Address of principal executive offices)
Registrant's telephone number, including area code: (303) 932-9998
N/A
(Former name and former address, if changed since last report)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective January 15, 2003, Angell & Deering, Certified Public Accountants
("Angell & Deering") resigned as the independent auditor and certifying
accountant of Ivory Capital Corporation (the "Company"). This resignation
occurred solely as a result of the partners of Angell & Deering joining the
certified public accounting firm of Mayer Hoffman McCann, P.C. ("Mayer Hoffman
McCann"). According to information provided to the Company by Angell & Deering's
partner representative to the Company, all of the partners of Angell & Deering
have become partners of Mayer Hoffman McCann.
Angell & Deering's reports on the Company's consolidated financial
statements for the fiscal years ended January 31, 2002 and 2001 did not contain
an adverse opinion or disclaimer of opinion, nor were they qualified or modified
as to uncertainty, audit scope or accounting principles. Based upon the
Company's most recent Form 10-KSB, the report of the former accountants was
unqualified and contained a fourth explanatory paragraph describing going
concern contingencies.
During the Company's two most recently completed fiscal years, and through
the date of Angell & Deering's resignation, there were no disagreements between
the Company and Angell & Deering on any matter of accounting principles or
practices, financial statement disclosure or audit scope or procedure which, if
not resolved to Angell & Deering's satisfaction, would have caused the firm to
make reference to the subject matter in connection with its reports on the
Company's consolidated financial statements for either such fiscal year or for
any reporting period since the Company's last fiscal year-end. During the
Company's two most recently completed fiscal years, and through the date of
Angell & Deering's resignation, there were no reportable events as defined in
Item 304(a)(1)(v) of Regulation S-K.
The Company has engaged Mayer Hoffman McCann as the Company's new
independent auditor and certifying accountant to audit the Company's
consolidated financial statements for the year ending January 31, 2003. During
the fiscal years ended January 31, 2002 and 2001, and through the date leading
up to the engagement of Mayer Hoffman McCann, the Company did not consult Mayer
Hoffman McCann with respect to the application of accounting principles to a
specified transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company's consolidated financial
statements, or any other matters or reportable events as set forth in Items
304(a)(2)(i) and (ii) of Regulation S-K.
The Company provided Angell & Deering with a copy of the foregoing
disclosures and requested that the firm furnish the Company with a letter
addressed to the Securities and Exchange Commission stating whether Angell &
Deering agrees with such disclosures. A copy of such letter is filed as Exhibit
99.1 to this Current Report.
ITEM 7. EXHIBITS
Exhibit Number Description
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99.1 Letter of Angell & Deering to the Securities and
Exchange Commission
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.
IVORY CAPITAL CORPORATION
(Registrant)
By /s/ Philip J. Davis
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Philip J. Davis
Chief Executive Officer
Dated: January 15, 2003