SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1 TO FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): June 17, 2005
CARGO CONNECTION LOGISTICS HOLDING, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
FLORIDA 000-28223 65-0510294
(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NO.) (IRS EMPLOYEE
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
600 Bayview Avenue
Inwood, New York 11096
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(516) 239-7000
(ISSUER TELEPHONE NUMBER)
CHAMPIONLYTE HOLDINGS, INC.
3450 Park Central Boulevard
Pompano Beach, Florida 33064
(FORMER NAME AND ADDRESS)
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ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(1) Previous Independent Auditors:
(i) On June 17, 2005, Massella & Associates, CPA, PLLC ("Massella &
Associates") was dismissed as the independent auditor for the Company and
replaced by Friedman & Co., LLP ("Friedman") as our principal independent
auditors. This decision to engage Friedman was ratified by the majority approval
of our Board of Directors.
(ii) Massella & Associates report on the financial statements for the year
ended December 31, 2004 contained no adverse opinion or disclaimer of opinion
and was not qualified or modified as to audit scope or accounting principles but
included an explanatory paragraph reflecting an uncertainty because the
realization of a major portion of our assets is dependent upon our ability to
meet our future financing requirements and the success of our future operations.
Theses factors raise substantial doubt about our ability to continue as a going
concern.
(iii) Our Board of Directors participated in and approved the decision to
change independent accountants. During the two most recent fiscal years and
interim periods subsequent to December 31, 2004, including its review of
financial statements through March 31, 2005 and through June 17, 2005, there
have been no disagreements with Massella & Associates 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
Massella & Associates would have caused them to make reference thereto in their
report on the financial statements.
(iv) During the most recent review periods, the interim period subsequent
to March 31, 2005 and through June 17, 2005, there have been no reportable
events with us as set forth in Item 304(a)(i)(v) of Regulation S-K.
(v) We requested that Massella & Associates furnish us with a letter
addressed to the SEC stating whether or not it agrees with the above statements.
A copy of such letter is filed as an Exhibit to this Form 8-K.
(2) New Independent Accountants:
(i) We engaged, Friedman & Co., LLP, of East Hanover, New Jersey, as its
new independent auditors as of June 17, 2005. Prior to such date, we, did not
consult with Friedman & Co., LLP regarding (i) the application of accounting
principles, (ii) the type of audit opinion that might be rendered by Friedman &
Co., LLP or (iii) any other matter that was the subject of a disagreement
between us and our former auditor as described in Item 304(a)(1)(iv) of
Regulation S-B.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired:
None
(b) Exhibits
NUMBER EXHIBIT
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23.1 Letter from Massella & Associates, CPA, PLLC
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.
Cargo Connection Logistics Holding, Inc.
By: /s/ Jesse Dobrinsky
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JESSE DOBRINSKY
President and CEO
Dated: July 25, 2005