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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 17, 2003
ADSTAR, INC.
(Exact name of Registrant as specified in its charter)
Delaware 001-15363 22-3666899
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
4553 Glencoe Avenue, Suite 325
Marina del Rey, California 90292
(Address Of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (310) 577-8255
(Former name or former address, if changed since last report)
Item 4: Changes in Registrant's Certifying Accountant
On February 17, 2003, the Registrant engaged BDO Seidman, LLP as its new
independent accountants and dismissed PricewaterhouseCoopers LLP. The reports of
PricewaterhouseCoopers LLP for the years ended December 31, 2001 and December
31, 2000 did not contain an adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope or accounting
principles.
The decision to change accountants was recommended and approved by
Registrant's board of directors.
During 2001 and 2000, and during the period from January 1, 2002 to
February 17, 2003, there were no disagreements with PricewaterhouseCoopers LLP
on accounting principles or practices, financial statement disclosures, or
auditing scope or procedure which, if not resolved to the satisfaction of
PricewaterhouseCoopers LLP, would have caused PricewaterhouseCoopers LLP to make
reference to the subject matter of the disagreement in connection with their
report.
During the two most recent fiscal years and the subsequent interim period
preceding the engagement of BDO Seidman, LLP, neither the Registrant, nor anyone
on its behalf, has consulted BDO Seidman, LLP regarding: (i) the application of
accounting principles to a specific completed or proposed transaction, or the
type of audit opinion that might be rendered on the Registrant's financial
statements, which consultation resulted in the providing of a written report or
oral advice concerning the same to the Registrant that BDO Seidman, LLP
concluded was an important factor considered by the Registrant in reaching a
decision as to the accounting, auditing or financial reporting issue; or (ii)
any matter that was either the subject of a disagreement (as defined in Rule
304(a)(1)(iv) of Regulation S-B promulgated under the Securities Act of 1933, as
amended) or a reportable event (as defined in Rule 304(a)(1)(v) of Regulation
S-B).
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit
Number Description
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16.1 Letter from PricewaterhouseCoopers LLP dated February 20, 2003
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.
AdStar, Inc.
Dated: February 24, 2003 By: /s/ Anthony J. Fidaleo
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Anthony J. Fidaleo,
Chief Financial Officer
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