UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 3
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 7, 2006
ELINE ENTERTAINMENT GROUP, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Nevada
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(State or Other Jurisdiction of Incorporation)
000-30451 88-0429856
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(Commission File Number) (IRS Employer Identification Number)
8905 Kingston Pike, Suite 313, Knoxville, TN 37923
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(Address of Principal Executive Offices) (Zip Code)
(215) 895-9859
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(Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 133-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 4.01 - Change in Registrant's Certifying Accountant.
On or about January 7, 2006, Eline Entertainment Group, Inc. (the "Company") was
notified that Webb & Company ("Webb"), its independent registered public
accounting firm, resigned citing timing and financial considerations. This
action was initiated by Webb & Company and was not approved or recommended by
the Company's Board of Directors.
The reports of Webb & Company on the financial statements of the Company as of
and for the years ended October 31, 2003 and October 31, 2004, the last two
fiscal years for which Webb & Company reported on the Company's financial
statements, did not contain any adverse opinion or disclaimer of opinion, nor
were they qualified or modified as to uncertainty, audit scope or accounting
principle; except that the reports on the Company's financial statements as of
and for each of the years ended October 31, 2003 and 2004 were modified to
include a going concern paragraph.
During the Company's two most recent fiscal years, which ended October 31, 2005
and the interim period through January 7, 2006, there were no disagreements
between the Company and Webb & Company on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure,
which, if not resolved to the satisfaction of Webb & Company, would have caused
them to make reference to the subject matter of the disagreement in connection
with its report. Further, Webb & Company has not advised the Company that:
1) internal controls necessary to develop reliable financial statements did not
exist; or
2) information has come to the attention of Webb & Company which made it
unwilling to rely upon management's representations, or made it unwilling to be
associated with the financial statements prepared by management; or
3) the scope of the audit should be expanded significantly, or information has
come to the attention of Webb & Company that they have concluded will, or if
further investigated might, materially impact the fairness or reliability of a
previously issued audit report or the underlying financial statements, or the
financial statements issued or to be issued covering the fiscal year ended
October 31, 2005.
We have requested that Webb furnish a letter addressed to the Securities and
Exchange Commission (the "SEC") stating whether it agrees with the above
disclosures made by us. Webb declined the Company's request to furnish such
letter.
On January 31, 2006, the Company engaged Baumann, Raymondo & Company, PA, as its
new independent registered public accounting firm. The Company has not consulted
with Baumann, Raymondo & Company, PA during the fiscal year ended October 31,
2005 and through January 31, 2006, on either the application of accounting
principles or type of opinion Baumann, Raymondo & Company, PA might issue on the
Company's financial statements. The engagement of Baumann, Raymondo & Company,
PA was recommended by the Company's Audit Committee and approved by the Board of
Directors.
SIGNATURE
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: February 15, 2006 Eline Entertainment Group, Inc.
By: /s/ Barry A. Rothman
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Barry A. Rothman
President