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): March 28, 2001
TRANSPORTATION LOGISTICS INT'L, INC.
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(Exact name of Registrant as Specified in its Charter)
Colorado 0-25319 84-1191355
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(State of Incorporation) (Commission File (IRS Employer
Number) Identification No.)
136 Freeway Drive, East Orange, NJ 07018
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(Address of principal executive offices)
(973) 266-7020
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Registrant's Telephone Number
Item 4. Change in Registrant's Certifying Accountant
On March 28, 2001, the Registrant, by action of the Board of Directors,
dismissed Schuhalter, Coughlin & Suozzo, LLC from its engagement as the
Registrant's principal accountant to audit the Registrant's financial
statements for the year ended December 31, 2000.
The report of Schuhalter, Coughlin & Suozzo, LLC on the financial statements
of the Registrant's wholly-owned subsidiary, Transportation Logistics Int'l.
Inc., a New York corporation, for the year ended December 31, 1999 did not
contain an adverse opinion or a disclaimer of opinion, and was not qualified
or modified as to uncertainty, audit scope, or accounting principles.
The Registrant and Schuhalter, Coughlin & Suozzo, LLC have not, in connection
with the audit of the Registrant's financial statements for the 2000 fiscal
year or any subsequent period, had any disagreement on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreement, if not resolved to Schuhalter, Coughlin &
Suozzo, LLC' satisfaction, would have caused Schuhalter, Coughlin & Suozzo,
LLC to make reference in connection with its reports to the subject matter of
the disagreement.
At no time during the past fiscal year and subsequent period did Schuhalter,
Coughlin & Suozzo, LLC advise the Registrant:
(a) that internal controls necessary for the Registrant to develop reliable
financial statements do not exist;
(b) that information had come to the attention of Schuhalter, Coughlin &
Suozzo, LLC which led it to be no longer able to rely on management's
representations or that has made it unwilling to be associated with the
financial statements prepared by management; or
(c) that there is a need to expand significantly the scope of its audit or that
information has come to the attention of Schuhalter, Coughlin & Suozzo,
LLC which, if investigated further, might have (i) materially impacted the
fairness or reliability of either a previously issued audit report or the
underlying financial statements or the financial statements to be issued
covering the fiscal year ending December 31, 2000 (including information
that might have prevented Schuhalter, Coughlin & Suozzo, LLC from rendering
an unqualified audit report on those financial statements), or (ii) caused
Schuhalter, Coughlin & Suozzo, LLC to be unwilling to rely on management's
representations or to be associated with the Registrant's financial
statements.
On March 28, 2000, the Registrant retained the firm of Rosenberg Rich Baker
Berman & Company, CPA, PA to audit the Registrant's financial statements for
the year ended December 31, 2000. At no time during the past two fiscal years
or any subsequent period did the Registrant consult with Rosenberg Rich Baker
Berman & Company, CPA, PA regarding either the application of accounting
principles to a specified transaction or the type of audit opinion which might
be rendered on the Registrant's financial statements or any matter of the sort
described above with reference to Schuhalter, Coughlin & Suozzo, LLC.
EXHIBITS
1. Letter from Schuhalter, Coughlin & Suozzo, LLC.
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.
TRANSPORTATION LOGISTICS INT'L, INC.
Dated: March 30, 2001 By: /s/ Michael Margolies
Michael Margolies
Chief Executive Officer
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EXH. 1
March 30, 2001
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Transportation Logistics Int'l, Inc.
File Ref. No. 0-25319
We were previously the principal accountant for Transportation Logistics Int'l,
Inc. and, under the date of August 6, 2000, we reported on the consolidated
financial statements of Transportation Logistics Int'l, Inc. and subsidiaries
as of December 31, 1999 and for the period from July 1, 1998 (date of
inception) to December 31, 1998 and the year ended December 31, 1999. On
March 28, 2001, our appointment as principal accountant was terminated. We
have read Transportation Logistics Int'l, Inc. statements included under
Item 4 of its Form 8-K dated March 28, 2001 and we agree with such statements.
However, it should be noted that we have not reviewed and take no
responsibility for any of the unaudited financial statements of the company
filed with the Securities and Exchange Commission by Transportation Logistics
Int'l, Inc. for any period after June 30, 2000.
Very truly yours,
/s/ Schuhalter, Coughlin & Suozzo, LLC
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Schuhalter, Coughlin & Suozzo, LLC