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) March 4, 2004
Commission File Number: 000-28107
ADVANCED SPORTS TECHNOLOGIES, INC.
(Name of small business issuer in its charter)
FLORIDA 65-1139235
- ---------------------------- ---------------------------------
(State or other jurisdiction (IRS Employer Identification No.)
of incorporation or
organization)
9700 Via Emilie Boca Raton, FL 33428
- ---------------------------------------- ----------------------------
(Address of principal administrative (City, State, Zip Code)
offices)
(561) 477-1567
-----------------------------------
(Registrants telephone number)
Item 4. Changes in Registrant's Certifying Accountant.
(a) Previous Independent Auditors:
(i) Salberg & Company, PA ("Salberg") was dismissed as the independent
auditor for the Company on March 4, 2003.
(ii) Salberg's reports on the financial statements of the Company for the
fiscal years ended July 31, 2003 and 2002, and for the period from
August 9, 2001 (inception) through July 31, 2003 contain no adverse opinion or
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles except that there was an explanatory
paragraph relating to our ability to continue as a going concern.
(iii) The Company's Board of Directors approved the change in
accountants.
(iv) For the fiscal years ended July 31, 2003 and 2002, for the period
from August 9, 2001 (inception) through July 31, 2003, and for the
interim period from August 1, 2003 to March 4, 2004 there has been no
disagreement between the Company and Salberg, on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreement, if not resolved to the satisfaction of
Salberg would have caused it to make a reference to the subject matter
of the disagreement in connection with its reports.
(v) During the fiscal years ended July 31, 2003 and 2002, and for the
period from August 9, 2001 (inception) through July 31, 2003 and for the
interim period from August 1, 2003 through March 4, 2004 (the date the
relationship ended with the former accountant), the Company has not been
advised of any matters described in Regulation S-B, Item 304(a)(1)(B).
(b) New Independent Accountants.
(i) The Company engaged Webb & Company P.A., 1525 Arezzo Circle, Boynton Beach,
Florida, 33436 ("Webb"), as its new independent accountants as of March
4,2004, Prior to such date the Company did not consult with Webb regarding (i)
the application of accounting principles, (ii) the type of audit opinion
that might be rendered by Webb, or (iii) any other matter that was subject of
a disagreement between the Company and its former auditor as described in
Item 304(a)(1)(iv) of Regulation S-B.
Item 7. Financial Statements and Exhibits
(a) Not Applicable
(b) Not Applicable
(c) Letter from Salberg & Company, PA
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto
duly authorized.
ADVANCED SPORTS TECHNOLOGIES, INC.
March 10, 2004 By: /s/ Curtis Olschansky
-------------------------
Curtis Olschansky
Principal Executive Officer,
President, Principal Financial
Officer, Prinicpal Accounting
Officer and Director