UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
Amendment No. 2
CURENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported)
August 16, 2001
XXIS, Corp.
(Exact name of registrant as specified in its chapter)
DELAWARE
(State or other jurisdiction of incorporation)
001-15407
(Commission File Number)
54-2053147
(IRS Employer Identification No.)
601 Jefferson Davis Highway, Suite 201
Fredericksburg, VA 22401
(Address of principal executive offices)
(Zip Code)
(540) 361-7870
(Registrant's telephone number, including area code)
________________Streamedia Communications, Inc.__________________
(Former name or former address, if changed since last report)
Item 1. N/A
Item 2. N/A
Item 3. N/A
Item 4. Change in Registrant's Certifying Accountant
Streamedia Communications, Inc. (the "Company") has dismissed Grant
Thornton LLP as its independent accountants. The decision to change accountants
was approved by the Company's Board of Directors on May 23, 2001,and
communicated to Grant Thornton on August 16, 2001.
Grant Thornton's reports on the Company's financial statements for the
fiscal years ended December 31, 2000 and 1999 did not contain an adverse opinion
or disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles. The audit reports for the years ended
December 31, 2000 and 1999, however, did contain a statement expressing concern
about the Company's ability to continue as a going concern.
During the two most recent fiscal years and the interim period through
August 16, 2001, there have been no disagreements with Grant Thornton 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 Grant Thornton, would have caused it to
make a reference to the subject matter of the disagreement in connection
with its reports.
During Grant Thornton LLP's review of the Company's interim financial
information as of and for the three months ended March 31, 2001, which has not
been completed, Grant Thornton noted reportable conditions considered material
weaknesses in internal controls that were communicated to the Company's Board of
Directors in a letter dated June 8, 2001. Grant Thornton's letter indicated, in
part, that the Company no longer had personnel on staff with basic accounting
and bookkeeping knowledge necessary to properly analyze and process various
accounting related transactions and file its Form 10-QSB for the quarter ended
March 31, 2001 with the Securities and Exchange Commission on a timely basis.
Management has taken steps to eliminate these weaknesses. The Company hired
a certified public accountant on May 7, 2001 to prepare, analyze and record all
financial data of the Company in compliance with accounting principles generally
accepted in the United States of America.
We have provided Grant Thornton LLP with a copy of this disclosure and have
requested that Grant Thornton furnish us with a letter addressed to the
Securities and Exchange Commission stating whether it agrees with the above
statements. (A copy of Grant Thornton LLP's letter to the Securities and
Exchange Commission, dated March 29, 2002, is filed as Exhibit 16.1
to this Form 8-K/A.)
Streamedia Communications, Inc. has decided to move its Headquarters from
New York to Virginia. The company anticipates to have the move completed by the
end of September 2001.
Item 5. N/A
Item 6. N/A
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
The following exhibit is included as part of this report:
16.1 Letter from Grant Thornton LLP to the Securities and Exchange Commission
dated March 29, 2002.
Item 8. N/A
Item 9. N/A
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.
STREAMEDIA COMMUNICATIONS, INC. (Registrant)
Dated: March 29, 2002
/s/Walter H.C. Drakeford
Walter H.C. Drakeford, Interim President
Exhibit 16.1
[GRANT THORNTON LLP LETTERHEAD]
March 29, 2002
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir or Madam:
We have read Item 4 of the Form 8-K/A (Amendment No.2) of XXIS, Corp.,
formerly known as Streamedia Communications, Inc. dated August 16, 2001, and
agree with the statements concerning our Firm contained therein.
Very truly yours,
/s/ GRANT THORNTON LLP