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 26, 2004
COMMISSION FILE NO. 333-107915
FOLIX TECHNOLOGIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA 88-0507007
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(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
205-1072 DAVIE STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6E 1M3
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(604) 669-9029
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(ISSUER TELEPHONE NUMBER)
N/A
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FORMER ADDRESS
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Effective May 26, 2004, the client-auditor relationship between Folix
Technologies, Inc. (the "Company") and Lancaster & David, Chartered Accountants
("Lancaster") ceased as the former accountant declined to stand for re-election.
On that date, the Company's Board of Directors approved a change of accountants
and the Company's management engaged Manning Elliott, Chartered Accountants
("Manning") as its principal independent public accountant for the fiscal year
ended March 31, 2004. Lancaster had served as the Company's auditor for the
fiscal years ended March 31, 2003 and 2002.
Manning is succeeding Lancaster. Lancaster audited the balance sheet of the
Company as of March 31, 2003 and March 31, 2002 and the related statement of
operations, statement of stockholders' equity, and the statement of cash flows
for the years then ended. Lancaster's report on the financial statements of
the Company for the fiscal years ended March 31, 2003 and March 31, 2002, and
any later interim period, including the interim period up to and including the
date the relationship with Lancaster ceased did not contain any adverse opinion
or disclaimer of opinion and was not qualified or modified as to uncertainty,
audit scope or accounting principles except for concerns about the Company's
ability to continue as a going concern.
The Company's most recent fiscal year ended March 31, 2004 has not been audited.
In connection with the audit of the Company's fiscal years ended March 31, 2003
and 2002, and any later interim period, including the interim period up to and
including the date the relationship with Lancaster ceased, there have been no
disagreements with Lancaster on any matters of accounting principles or
practices, financial statement disclosure of auditing scope or procedure, which
disagreement(s), if not resolved to the satisfaction of Lancaster would have
caused Lancaster to make reference to the subject matter of the disagreement(s)
in connection with its report on the Company's financial statements. There have
been no reportable events as defined in Item 301(a)(1)(v) of Regulation S-K
during the Company's two most recent fiscal years ended March 31, 2004, and any
later interim period, including the interim period up to and including the date
the relationship with Lancaster ceased.
The Company has authorized Lancaster to respond fully to any inquiries of any
new auditors hired by the Company relating to their engagement as the Company's
independent accountant. The Company has requested that Lancaster review the
disclosure and Lancaster has been given an opportunity to furnish the Company
with a letter addressed to the Commission containing any new information,
clarification of the Company's expression of its views, or the respect in
which it does not agree with the statements made by the Company herein. Such
letter is filed as an exhibit to this Report.
The Company has not previously consulted with Manning regarding either (i) the
application of accounting principles to a specified transaction, either
completed or proposed; or (ii) the type of audit opinion that might be
rendered on the Company's financial statements; or (iii) any matter that was
either the subject matter of a disagreement (as defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions) between the Company and Lancaster,
the Company's previous independent accountant, as there were no such
disagreements, or an other reportable event (as defined in Item 304(a)(1)(v)
of Regulation S-K) during the Company's two most recent fiscal years ended
March 31, 2004 and any later interim period, including the interim period up to
and including the date the relationship with Lancaster ceased. Neither has the
Company received any written or oral advice concluding there was an important
factor to be considered by the Company in reaching a decision as to an
accounting, auditing, or financial reporting issue.
Manning has reviewed the disclosure required by Item 304(a) before it was filed
with the Commission and has been provided an opportunity to furnish the Company
with a letter addressed to the Commission containing any new information,
clarification of the Company's expression of its views, or the respects in which
it does not agree with the statements made by the Company in response to Item
304(a). Such letter is filed as an exhibit to this Report.
c) Exhibits:
16.1* Letter from Lancaster & David, Chartered Accountant
16.2* Letter from Manning Elliott, Chartered Accountant
* Filed Herein
Signatures
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FOLIX TECHNOLOGIES, INC.
May 26, 2004
/s/ Gregory Corcoran
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Gregory Corcoran
Chief Executive Officer
EXHIBIT 16.1
May 26, 2004
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sirs;
We have read Item 4 of Form 8-K dated May 26, 2004, of Folix Technologies, Inc.
and are in agreement with the statements contained therein, insofar as they
relate to our firm. We have no basis to agree or disagree with the other
statements of the registrant contained therein.
/s/ Lancaster & David
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LANCASTER & DAVID,
CHARTERED ACCOUNTANTS
EXHIBIT 16.2
May 26, 2004
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read and agree with the statements made under Item 4 of Form 8-K of
Folix Technologies, Inc. dated May 26, 2004, relating to Manning Elliott,
Chartered Accountants.
/s/ Manning Elliott
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Manning Elliott
Chartered Accountants