SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
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 10, 2001
BIOSHIELD TECHNOLOGIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
GEORGIA 0-24913 58-2181628
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(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
4405 International Blvd.
NORCROSS, GEORGIA 30093
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (770) 925-3653
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
ITEM 4. Changes in Registrant's Certifying Accountant.
On January 10, 2001, the Registrant received a letter of resignation
from the Registrant's independent accountants, Grant Thornton, LLP, dated
January 9, 2001. The Company is interviewing a replacement firm and intends to
select new independent accountants shortly.
During the Registrant's two most recent fiscal years and any subsequent
interim periods preceding the date of resignation, there were no disagreements
between the accounting principles or practices, financial statement disclosure
or auditing scope or procedure, which, if not resolved to the satisfaction of
the former independent accountants, would have caused them to make reference to
the subject matter of the disagreement in their report. The reports of Grant
Thornton, LLP on the consolidated financial statements of the Registrant for the
two most recent fiscal years and the subsequent interim period preceding the
date of resignation did not contain any adverse opinion or disclaimer or opinion
nor were such reports qualified or modified as to uncertainty, audit scope or
accounting principles.
On November 14, 2000, Grant Thornton, LLP provided management with a draft
report in accordance with Statement of Auditing Standards No. 61. This report
discussed observations made during Grant Thornton, LLP's audit of the
Registrant's fiscal year ended June 30, 2000. The draft report identifies a
"reportable condition" as defined by the American Institute of Certified Public
Accountants related to lapses in internal control resulting from significant
turnover of accounting personnel during the fiscal year and the corresponding
effect this turnover had on the system of internal controls. Discussions related
to the lapses in internal control had previously taken place between Grant
Thornton, LLP and the audit committee of the Registrant on August 23, 2000. In
mid December of 2000, management received a final report letter dated November
14, 2000 identifying the same reportable condition noted in the draft.
On January 29, 2001, the Registrant engaged Feldman, Sherb and Company, P.C. as
its independent accountants. The change of independent accountants was approved
by the Board of Directors of the Company.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
{c} Exhibits: Letter to the Securities and Exchange Commission
from Grant Thornton, LLP
April 3, 2001
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street, NW
Washington, DC 20549
Dear Sirs/Madam:
We have read Item 4 in the Form 8K/A for BioShield
Technologies, Inc., with date of report of January 10, 2001
dated January 18, 2001 and filed with the Securities and
Exchange Commission, January 18, 2001,and are in agreement
with the statements contained therein insofar as they relate
to our firm. We have no basis of agreeing or disagreeing with
the statements made in the fourth paragraph relating to the
appointment of new independent accountants or approval of the
board of directors.
Very truly yours,
/s/Grant Thornton, LLP
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.
BIOSHIELD TECHNOLOGIES, INC.
(Registrant)
Date: April 3, 2001 /s/ Timothy C. Moses
TIMOTHY C. MOSES
President and Chief Executive Officer