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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): August 7, 2000
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Creative Beauty Supply, Inc.
(Exact name of Small Business Issuer in its charter)
NEW JERSEY 22-3392051
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
380 Totowa Road, Totawa, NJ 07512
(Address of principal executive offices) (Zip Code)
Registrant's Telephone number, including area code: (973-904-0004
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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Item 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Effective August 7, 2000, the board of directors of Creative
decided it no longer needed the services of Bederson & Company, LLP.
as Creative's independent public accountants. The decision to use
another accounting firm was made due to the resignation of Thomas
Parrillo from Bederson & Company, LLP, who had worked directly with
Creative. Mr. Parrillo took another position with Ehrenkrantz Sterling
& Co., LLC
Bederson & Company's report on the financial statements of Creative
for each of the last two fiscal years ended March 31, neither contained
an adverse opinion or a disclaimer of opinion, or was qualified or
modified as to uncertainty, audit scope, or accounting principles.
During Creative's two most recent fiscal years and the interim
period through March 31, 2000, there were no disagreements on any matter
of accounting principles or practices, financial statement disclosure,
or auditing scope of procedure and there were no "reportable events"
with Bederson & Company, LLP as described in Items 304 (a)(1)(iv) and
(v) of Regulation S-K, respectively.
Accordingly, Bederson & Company, LLP has not advised Creative of
(i) the absence of the internal controls necessary for the Registrant to
develop reliable financial statements; (ii) any information which would
cause Bederson & Company, LLP to no longer rely on management's
representations, or that would cause Bederson & Company, LLP to be
unwilling to be associated with the financial statements prepared by
management; (iii) any need to expand significantly the scope of its
audit, or any information that if further investigated may (a)
materially impact the fairness or reliability of either a previously
issued audit report or the underlying financial statements, or any
financial statements for any fiscal period subsequent to the date of
the most recent financial statements covered by an audit report or (b)
cause it to be unwilling to rely on management's representations or be
associated with the registrant's financial statements; (iv) any action,
due to the resignation of Bederson & Company, LLP or otherwise, not to
the expand the scope of its audit or conduct further investigation; and
(v) any information that has come to the attention Bederson & Company,
LLP that it has concluded materially impacts the fairness or reliability
of either (a) a previously issued audit report or the underlying
financial statements, or (b) any financial statements issued or to be
issued covering any fiscal period subsequent to the date of the most
recent financial statements covered by an audit report.
(b) Effective August 7, 2000, the board of directors of Creative
engaged the accounting firm of Ehrenkrantz Sterling & Co., LLC as
principal accountants of Creative for the fiscal year ended March 31,
2000. Creative has not consulted Ehrenkrantz Sterling & CO., LLC during
Creative's two most recent fiscal years and the interim period through
June 30, 2000.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS
16.1 Letter regarding change in certifying accountant
from Bederson & Company, LLP to the Securities
Exchange Commission.
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.
Creative Beauty Supply, Inc.
Date: August 22, 2000 By: /s/ Carmine Catizone
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Carmine Catizone
President