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 17, 2001
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E-REX, INC.
(Exact name of registrant as specified in its charter)
NEVADA O-27319 88-0292890
(State or other (Commission (I.R.S. Employer
jurisdiction of incorporation) File Number) (Identification No.)
11645 BISCAYNE BOULEVARD, SUITE 210
MIAMI, FLORIDA 33181
(Address of principal executive officers) (zip code)
(305) 895-3350
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report.)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On May 17, 2001, Gately & Associates, LLC, Independent Certified Public
Accountants, the independent accountant previously engaged as the principal
accountant to audit the financial statements of E-Rex, Inc., resigned as
auditors for the Company. As Gately & Associates, LLC resigned, the decision to
change accountants was not approved by the Board of Directors of the Company or
by any audit or similar committee thereof.
The audit report of Gately & Associates, LLC on the financial statements of
E-Rex, Inc. as of December 31, 2000 and the related consolidated statements of
operations, shareholders' equity and cash flows for the year ended December 31,
2000, as well as the audit report of Varma and Associates on the financial
statements of E-Rex, Inc. for the year ended December 31, 1999, the year ended
December 31, 1998, the year ended December 31, 1997 and for the period from
inception (August 26, 1986) to December 31,1999 (the "Audit Period") did not
contain any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to audit scope or accounting principles, except the reports were
modified to include an explanatory paragraph wherein they expressed substantial
doubt about the Company's ability to continue as a going concern. During the
Audit Period, and the period up to their resignation, there were no
disagreements with the former accountant 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
accountant, would have caused it to make reference to the subject matter of the
disagreements in connection with its report. E-Rex, Inc. has provided a copy of
this disclosure to its former accountants, and requested that the former
accountants furnish them with letters addressed to the Securities and Exchange
Commission stating whether they agree with the statements made by the
Registrant, and, if not, stating the respects in which they do not agree. A
copy of the former accountants' responses indicating agreement is included as
exhibits to this report.
Upon Gately & Associates, LLC's resignation, the board of directors approved the
engagement of Perez-Abreu, Aguerrebere, Sueiro LLC as the principal accountant
to audit the financial statements of the Company.
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ITEM 5. OTHER EVENTS
Not applicable.
ITEM 6. RESIGNATIONS OF DIRECTORS AND EXECUTIVE OFFICERS
Not applicable.
ITEM 7. FINANCIAL STATEMENTS
Not applicable.
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable.
EXHIBITS
16.1 Letter dated May 18, 2001, from Gately & Associates, LLC regarding their
concurrence with the statements made by the Registrant in this Current
Report.
16.2 Letter dated May 18, 2001, from Varma and Associates regarding their
concurrence with the statements made by the Registrant in this Current
Report.
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.
Dated: May 18, 2001 E-Rex, Inc.
/s/ Carl E. Dilley
__________________________
By: Carl E. Dilley
Its: President
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