UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) 06-10-03
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Rapidtron, Inc.
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(Exact name of registrant as specified in its charter)
Nevada 000-31713 88-0455472
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
3151 Airway Avenue, Costa Mesa, California 92626-4627
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 949-759-9400
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(Former name or former address, if changed since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
a) Effective on or about June 10, 2003, we terminated the services of
our principal independent auditor, Beckstead & Watts, LLP, 3340 Wynn Road, Suite
#C, Las Vegas, NV 89102, telephone number (702) 528-1984 (the "Former
Accountant").
i. We dismissed the Former Accountant.
ii. No adverse opinion or disclaimer of opinion was made during
the past two years by the Former Accountant, and no opinion of the Former
Accountant was qualified or modified as to uncertainty, audit scope or
accounting principals.
iii. The change in auditors was recommended by our Board of
Directors.
iv. During the two most recent fiscal years and the interim period
preceding such dismissal, we are not aware of any disagreements with the Former
Accountant on any matter of accounting principals or practices, financial
statement disclosure, or auditing scope or procedure, which disagreement(s), if
not resolved to the satisfaction of the Former Accountant, would have caused it
to make references to the subject matter of the disagreement(s) in connection
with its report.
v. We are not aware of any reportable events that have occurred
during the two most recent fiscal years and the interim period preceding the
dismissal of the Former Accountant.
b) We have engaged a new principal independent accountant effective on
or about June 10, 2003, to act as an independent accountant to audit both our
financial records and that of our subsidiary, Rapidtron, Inc., a Delaware
corporation, upon which we will rely in reports filed with the Securities and
Exchange Commission. Our new accountant is SQUAR, MILNER, REEHL & WILLIAMSON,
LLP, 4100 Newport Place, Suite 300, Newport Beach, California 92660, telephone
number 949-222-2999, fax 949-222-2989 (the "New Accountant"). During the two
most recent fiscal years and the interim period preceding the appointment of the
New Accountant, we have not consulted the New Accountant regarding either:
(i) The application of accounting principles to a specified
transaction, either completed or proposed; or the type of audit opinion that
might be rendered on our financial statements, and neither a written report nor
advice was provided to us that the New Accountant concluded was an important
factor considered by us in reaching a decision as to the accounting or financial
reporting issue; or
(ii) Any matter that was either the subject of a disagreement or a
reportable event (as defined in Regulation S-B, Item 304(a)(1)).
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
16.1 Letter to Squar, Milner, Reehl & Williamson, LLP, dated June 11,
2003
16.2 Letter to Beckstead & Watts, LLP , dated June 11, 2003
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.
RAPIDTRON, INC., a Nevada corporation
Date: June 11, 2003 By: /s/ John Creel
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John Creel,
Chief Executive Officer
By: /s/ Steve Meineke
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Steve Meineke,
Principal Financial Officer
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