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: - July 24, 2001
BRL HOLDINGS, INC.
(Exact name of registrant as specified in charter)
Delaware 0-15260 88-0218411
Jurisdiction of Commission File I. R. S. Employer
Incorporation Number Identification
Number
340 Granite Street, Suite 200, Manchester, NH 03102
(Address of principal executive offices)
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Registrant's telephone number: (603) 641-8443
Item 4. Changes in Registrant's Certifying Accountant.
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(a) On July 24, 2001, the Registrant terminated Ferrari & Associates, P. C.
("former accountants") as its certifying accountant and retained Good
Swartz Brown & Berns, LLP (GSBB) as its certifying accountant. Prior to
retaining Good Swartz Brown & Berns, LLP as its independent
accountant, the Registrant did not consult with or obtain oral or
written advice from them.
(b) In connection with the audits of the financial statements of the
Registrant for the fiscal years ended June 30, 1999 and 2000, there
were no disagreements with the former accountants 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 the former accountants, would have caused them to
make reference to the subject matter of the disagreement in their
report. No disagreements occurred between the Registrant and former
accountants on any accounting, auditing or reporting issue in any
subsequent interim period through the date of their dismissal.
(c) Except for an explanatory paragraph concerning the Registrant's ability
to continue as a going concern, none of the former accountants' reports
on the Registrant's financial statements for the fiscal years ended
June 30, 1999 through 2000 contained an adverse opinion or disclaimer
of opinion, nor was it qualified as to uncertainty, audit scope or
accounting principles.
(d) A letter from the former accountants addressed to the Securities and
Exchange Commission stating whether or not they agree with the
Registrant's response to this Item is filed as an Exhibit hereto.
(e) The decision to change accountants was approved by the Board of
Directors of the Registrant.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
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Exhibits
Letter from Ferrari & Associates, P. C. in accordance with Item 4(d).
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.
BRL HOLDINGS, INC.
/s/ R. Bruce Reeves, President
Dated: July 24, 2001
FERRARI ASSOCIATES, P. C.
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2045 Magpie Court, Newbury, CA 91320
PH 310-477-3722
July 24, 2001
Securities and Exchange Commission
Washington, D. C. 20549
Gentlemen:
We have read the statement made by BRL HOLDINGS, INC. (Formerly Biorelease
Corp), which we understand were filed with the Commission, pursuant to Item 4 of
Form 8-K, as part of the Company's Form 8-K report dated July 24, 2001. We agree
with the statement contained therein.
Very truly yours,
/s/ Ferrari & Associates, P. C.
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Ferrari & Associates, P.C.