SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A-1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 26, 2001
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POLYMER RESEARCH CORP. OF AMERICA
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(Exact name of registrant as specified in charter)
New York 0-14119-NY 11-2023495
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
2186 Mill Avenue, Brooklyn, NY 11234
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code 718-444-4300
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Item 4. Changes in Registrant's Certifying Accountant
On February 26, 2001, the Registrant engaged Goldstein & Ganz, P.C.
("GG") as the Registrant's independent accountants to audit its December 31,
2000 financial statements, replacing Castellano Korenberg & Co. (the "Former
Accountants") as the Registrant's independent auditors. The Former Accountants
were dismissed by the Registrant as of February 26, 2001. The change was
approved by the Registrant's board of directors.
The Former Accountants' report on the Registrant's financial statements
for each of the past two years did not contain any adverse opinion or disclaimer
of opinion and was not qualified as to uncertainty, audit scope or accounting
principles.
During the Registrant's two most recent fiscal years and any subsequent
interim period through the date of termination: (x) there were no disagreements
between the Registrant and the Former Accountants on any matter of accounting
principles or practices, financial statement disclosures or auditing scope or
procedures, (y) there were no "Reportable Events" within the meaning of Item
304(a)(1)(v) of Regulation S-K, and (z) GG was not consulted on any matter
specified in Item 304(a)(2) of Regulation S-K.
The Former Accountants' letter to the Commission is filed herewith as
Exhibit 16.
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.
Date: April 2, 2001
POLYMER RESEARCH CORP. OF AMERICA
(Registrant)
By: /s/ Carl Horowitz
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Carl Horowitz, President
EXHIBITS
16. Letter dated April 2, 2001 from Castellano Korenberg & Co. to the
Commission.
EXHIBIT 16
Castellano, Korenberg & Co., CPAs, PC
313 West Old Country Road
Hicksville, New York 11801
April 2, 2001
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, NW
Washington, DC 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K/A of Polymer
Research Corp. of America dated April 2, 2001.
Yours truly,
Castellano, Korenberg & Co., CPAs, PC