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 10, 2003
ETERNAL TECHNOLOGIES GROUP, INC.
(Exact name of Registrant as specified in its charter)
0-27929
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(Commission file number)
Nevada 62-1655508
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(State or other jurisdiction (I.R.S. Employer Identification
of incorporation) Number)
1801-1802 Evening Newspaper Mansion,
358 Nanjing Road, Tianjin P.R.C.
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(Address of principal executive offices) (Zip code)
011-86-22-2750-1802
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(Registrant's telephone number, including area code)
Waterford Sterling Corporation
200 S. Knowles Avenue
Winter Park, FL 32789
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(Former name or former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant
(a) On January 10, 2003, Andersen Andersen & Strong, LC (AAS) advised
Eternal Technologies Group, Inc. (the "Company") that it would be unable to act
as the Company's independent accountant.
AAS audit report on the financial statements of the Company as of
December 31, 2001 and for the two years ended December 31, 2001 contained no
adverse opinion or disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope, or accounting principles although it did contain a
going concern qualification.
During the Company's two most recent fiscal years and any subsequent
interim period preceding the resignation of AAS, there were no disagreements
with AAS on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreement(s) if
not resolved to the satisfaction of AAS, would have caused AAS to make reference
to the subject matter of the disagreement(s) in connection with its report.
During the Company's two most recent fiscal years and any subsequent
interim period preceding the resignation of AAS, there have been no reportable
events of the type required to be disclosed by Item 304(a)(1)(v) of Regulation
S-K.
(b) On January 10, 2003 the Company engaged Thomas Leger & Co. (TL) as
its new independent accountants. Prior to the engagement of TL the Company did
not consult with such firm regarding the application of accounting principles to
a specific completed or contemplated transaction, or any matter that was either
the subject of a disagreement or a reportable event. The Company also did not
consult with TL regarding the type of audit opinion which might be rendered on
the Company's financial statements and no oral or written report was provided by
TL.
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.
ETERNAL TECHNOLOGIES GROUP, INC.
January 10, 2003 By: /s/ JiJun Wu
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JiJun Wu
President and Chief Executive Officer
Andersen Andersen & Strong LC
Certified Public Accountants
941 East 3300 South
Salt Lake City, UT 84106
(801) 486-0096
FAX (801) 486-0098
January 10, 2003
U.S. Securities & Exchange Commission
450 Fifth Street NW
Washington, DC 20549
RE: Eternal Technologies Group, Inc. formerly Waterford Sterling Corporation
Dear Sir,
This firm agrees with the disclosure provided by Eternal Technologies Group,
Inc. on the Form 8-K dated January 10, 2003.
Please contact me if you should need any further information.
Respectfully Yours,
/s/ Gerald K. Strong, CPA
Andersen Andersen & Strong LC