SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): February 11, 2000
ID TECHNOLOGIES CORPORATION
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(Exact Name of Registrant as Specified in Charter)
North Carolina
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(State or Other Jurisdiction of Incorporation)
0-28301 56-1866233
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(Commission File Number) (I.R.S. Employer I.D. Number)
Venture Building II
NCSU Centennial Campus
920 Campus Drive, Suite 400
Raleigh, NC 27606
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(Address of Principal Executive Offices) (Zip Code)
919-424-3722
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(Registrant's telephone number, including area code)
Item 4. Changes in Registrant's Certifying Accountant.
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(a) (1) On February 11, 2000, ID Technologies Corporation (the "Company")
decided to change accountants from PricewaterhouseCoopers LLP to Ernst & Young,
LLP. Accordingly on such date, PricewaterhouseCoopers LLP was dismissed as the
Company's independent accountants and Ernst & Young, LLP was engaged to conduct
an audit and report on the Company's financial statements as of and for the year
ended December 31, 1999.
The former accountants reported on the Company's financial statements for the
years ended December 31, 1997 and 1998. The reports of the former accountants
on the financial statements for such years contained no adverse opinion or
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principle, except that their reports for each of the
years ended December 31, 1997 and 1998 included a separate paragraph regarding
the Company's ability to continue as a going concern.
The decision to change accountants was recommended by the Company's Board of
Directors.
During the Company's years ended December 31, 1997 and 1998, and through
February 11, 2000, there were no disagreements with the former accountants 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 the former accountants would have caused them to make
reference thereto in their reports on the financial statements for such years.
During the years ended December 31, 1997 and 1998, and through the date of this
report, the former accountants did not advise the Company with respect to any of
the matters described in paragraphs (a) (1) (iv) (1) through (3) of Item 304 of
Regulation S-B.
(a) (2) As of February 11, 2000, the Company has engaged Ernst & Young, LLP,
as independent accountants for the Company for the year ended December 31, 1999.
The Company did not consult with Ernst & Young, LLP regarding any of the matters
set forth in item 304(a)(2)(i) or (ii) of Regulation S-B.
(a) (3) The Company has provided the former accountants with a copy of the
foregoing disclosures and has requested in writing that the former accountants
furnish it with a letter addressed to the SEC stating whether or not it agrees
with such disclosures. A copy of such letter is filed as an exhibit to this
report in accordance with Item 601 of Regulation S-B.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
16 - Letter of PricewaterhouseCoopers LLP dated February 15, 2000,
concerning change in certifying accountants.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, ID
Technologies Corporation has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
ID TECHNOLOGIES CORPORATION
Date: February 17, 2000
BY: /s/ J. Phillips L. Johnston
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J. Phillips L. Johnston, President
and Chief Executive Officer