UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
Pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: November 2, 2004
(Date of earliest event reported)
FTS GROUP, INC.
(Exact name of Registrant as specified in its charter)
NEVADA 0-24829 84-1416864
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(State or (Commission File Number) (IRS Employer
other jurisdiction Identification
or incorporation) No.)
1049c Oxford Valley Rd.
Levittown, Pennsylvania 19057
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 943-9979
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 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On November 2, 2004, R. E. Bassie & Co., principal accountant of FTS Group, Inc.
(the "Company"), was dismissed by the Board of Directors of the Company. The
Board had appointed R.E. Bassie & Co. on March 15, 2004, as its principal
independent accountant. R.E. Bassie & Co. audited the Company's financial
statements for the fiscal year ending December 31, 2003.
Also on November 2, 2004, the Board of Directors of the Company appointed the
firm Withum, Smith and Brown to serve as independent public accountants of the
Company for the fiscal year ending December 31, 2004. The decision to change
accountants was recommended and approved by the Board of Directors.
R.E. Bassie & Co.'s report on the Company's consolidated financial statements
for the fiscal year ended December 31, 2003 did not contain an adverse opinion
or disclaimer of opinion, or was modified as to uncertainty, audit scope or
accounting principles.
During the year ended December 31, 2003 and through the date hereof, there were
no disagreements with R.E. Bassie & Co. on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure
which, if not resolved to R.E. Bassie & Co.'s satisfaction, would have caused
them to make reference to the subject matter of such disagreements in connection
with their report on the Company's consolidated financial statements for such
year.
The Company provided R.E. Bassie & Co. with a copy of the foregoing disclosures.
On January 24, 2005, we received the letter dated November 2, 2004 attached as
exhibit 16.1 hereto.
During the year ended December 31, 2003 and through the date hereof, the Company
did not consult with Withum, Smith and Brown with respect to the application of
accounting principles to a specified transaction, either completed or proposed,
or the type of audit opinion that might be rendered on the Company's financial
statements.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
16.1 Letter from R. E. Bassie & Co. dated November 2, 2004 and received on
January 24, 2005.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FTS GROUP, INC.
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REGISTRANT
Date: January 26, 2005 By:/s/ Scott Gallagher
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Scott Gallagher
Chief Executive Officer