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UNITED STATES
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): May 7, 2002
CYBERNET INTERNET SERVICES INTERNATIONAL, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
(State of Incorporation)
000-25677 51-0384117
(Commission File Number) (I.R.S. Employer Identification No.)
1620 - 400 Burrard Street
Vancouver, British Columbia V6C 3A6, Canada
(Address of principal executive offices)
(604) 683-5767
(Registrant's telephone number, including area code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Previous independent accountants.
(i) On May 7, 2002, Ernst & Young Deutsche Allgemeine Treuhand AG
("E&Y") resigned as independent accountants for Cybernet Internet
Services International, Inc. (the "Registrant"). The change in
independent accountants was approved by the Registrant's board
of directors.
(ii) The reports of E&Y on the Registrant's consolidated financial
statements for the two most recent fiscal years contained no adverse
opinion or disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope or accounting principles.
(iii) During the Registrant's two most recent fiscal years and the
subsequent interim periods preceding E&Y's resignation, the
Registrant had no disagreements with E&Y on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of E&Y, would have caused E&Y to make
reference to such disagreements in its report on the Registrant's
consolidated financial statements for such years and interim
periods.
(iv) During the Registrant's two most recent fiscal years and the
subsequent interim periods preceding E&Y's resignation, there
have been no reportable events as defined in Item 304(a)(1)(v)
of Regulation S-K.
(v) The Registrant has requested, and E&Y has furnished, a letter
addressed to the United States Securities and Exchange Commission
stating that E&Y agrees with the above statements. A copy of such
letter, dated May 13, 2002, is filed as Exhibit 16 to this Form 8-K.
(b) New independent accountants.
On May 8, 2002, the Registrant engaged Peterson Sullivan P.L.L.C.
("Peterson Sullivan") as its new independent accountants. The decision to
engage Peterson Sullivan was approved by the Registrant's board of
directors. During the Registrant's two most recent fiscal years and the
subsequent interim periods preceding E&Y's resignation, the Registrant
did not consult Peterson Sullivan 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 the Registrant's
financial statements, and neither a written report was
provided to the Registrant nor oral advice was provided
that Peterson Sullivan concluded was an important factor
considered by the Registrant in reaching a decision as to any
such accounting, auditing or financial reporting issue; or
(ii) any matter that was either the subject of a disagreement, as defined
in Item 304(a)(1)(iv) of Regulation S-K, or a reportable event, as
defined in Item 304(a)(1)(v) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit Number Description
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16 Letter from Ernst & Young Deutsche Allgemeine Treuhand
AG dated May 13, 2002 regarding change in independent
accountants.
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.
CYBERNET INTERNET SERVICES
INTERNATIONAL, INC.
/s/ Roy Zanatta
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Roy Zanatta
Secretary
Date: May 13, 2002
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CYBERNET INTERNET SERVICES INTERNATIONAL, INC.
FORM 8-K
EXHIBIT INDEX
Exhibit Number Description
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16 Letter from Ernst & Young Deutsche Allgemeine Treuhand AG
dated May 13, 2002 regarding change in independent
accountants.