CURRENT REPORT FOR ISSUERS SUBJECT TO THE
1934 ACT REPORTING REQUIREMENTS
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
August 19, 2004
Date of Report
(Date of Earliest Event Reported)
Crown Partners, Inc.
(Exact name of registrant as specified in its charter)
Nevada 33-11986-LA 91-2008803
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
20700 Ventura Blvd. Suite 227,
Woodland Hills CA 91364
(Address of principal executive offices (zip code))
(818) 887-7201
(Registrant's telephone number, including area code)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
Malone & Bailey, PLLC (the "Former Accountant") was dismissed on August 19, 2004
as Crown Partners, Inc.'s independent auditors. Malone & Bailey's report dated
May 17, 2004, on Crown Partners, Inc.'s consolidated balance sheet of Crown
Partners, Inc. as of December 31, 2003, and the related consolidated statements
of operations, stockholders' equity, and cash flows for each of the two years
then ended, did not contain an adverse opinion or disclaimer of opinion, or
qualification or modification as to uncertainty, audit scope, or accounting
principles, except that the report indicated that the Company has suffered
recurring losses and its need to raise additional capital that raise substantial
doubt about its ability to continue as a going concern.
In connection with the audit of Crown Partners, Inc.'s financial statements, and
in the subsequent interim period, there were no disagreements with Malone &
Bailey, PLLC on any matters of accounting principles or practices, financial
statement disclosure, or auditing scope and procedures which, if not resolved to
the satisfaction of Malone & Bailey PLLC would have caused Malone & Bailey, PLLC
to make reference to the matter in their report. Crown Partners, Inc. has
requested Malone & Bailey, PLLC to furnish it a letter addressed to the
Commission stating whether it agrees with the above statements. A copy of that
letter, dated August 19, 2004 is filed as Exhibit 16 to this Form 8-K. Lopez,
Blevins, Bork & Associates, L.L.P. was engaged on August 19, 2004 as Crown
Partners, Inc.'s principal accountant to audit the financial statements of Crown
Partners, Inc.. The decision to change accountants was recommended by the Audit
Committee of the Board of Directors of Crown Partners, Inc. and approved by the
Board of Directors.
During the years ended December 31, 2003 and 2002 and subsequent to December 31,
2003 through the date hereof, neither Crown Partners, Inc. nor anyone on its
behalf consulted with Lopez, Blevins, Bork & Associates, L.L.P. regarding either
the application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
Crown Partners, Inc.'s consolidated financial statements, nor has Lopez,
Blevins, Bork & Associates, L.L.P. provided to Crown Partners, Inc. a written
report or oral advice regarding such principles or audit opinion or any matter
that was the subject of a disagreement or reportable events set forth in Item
304(a)(iv) and (v), respectively, of Regulation S-K with Crown Partners, Inc.'s
former accountant.
Crown Partners, Inc. has requested Lopez, Blevins, Bork & Associates, L.L.P.
review the disclosure in this report on Form 8-K and provided Lopez, Blevins,
Bork & Associates, L.L.P. the opportunity to furnish Crown Partners, Inc. with a
letter addressed to the Commission containing any new information, clarification
of Crown Partners, Inc.'s expression of its views, or the respects in which
Lopez, Blevins, Bork & Associates, L.L.P. does not agree with the statements
made by Crown Partners, Inc. in this report. Lopez, Blevins, Bork & Associates,
L.L.P. has advised Crown Partners, Inc. that no such letter need be issued.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) EXHIBITS
16.1 Letter from Malone & Bailey, PLLC regarding change in certifying
accountant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
Crown Partners, Inc.
By: /s/ Charles Smith
--------------------------
Name Charles Smith
Chief Executive Office
Dated: August 19, 2004