Summary of FORTUNET, INC. - Yahoo! Finance

Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

Item 4.01 Changes in Registrant's Certifying Accountant.

(a) Dismissal of Previous Independent Registered Public Accounting Firm

On June 23, 2009, FortuNet, Inc. (the "Company") dismissed Schechter Dokken Kanter Andrews & Selcer Ltd. ("SDK") as its independent registered public accounting firm. Prior to its dismissal, SDK performed the audit of the Company's financial statements for each of the past two fiscal years ended December 31, 2008 and 2007.

The decision to change certifying accountants was approved by the Audit Committee of the Company's Board of Directors.

SDK's reports on the Company's financial statements for each of the past two fiscal years did not contain any adverse opinion or disclaimer of opinion, and were not modified as to uncertainty, audit scope or accounting principles.

During the Company's two most recent fiscal years, and the subsequent interim period through June 23, 2009 (the date of dismissal of SDK), there were no disagreements, as defined in Item 304(a)(1)(iv) of Regulation S-K, with SDK on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to SDK's satisfaction, would have caused it to make reference to the matter in connection with its report on the Company's consolidated financial statements for the relevant year; and there were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.

The Company furnished a copy of the above disclosure to SDK and requested that SDK furnish a letter addressed to the Securities and Exchange Commission as to whether it agrees or disagrees with the statements made above. A copy of such letter, dated June 23, 2009, is filed as Exhibit 16.1 to this Form 8-K.

(b) Engagement of New Independent Registered Public Accounting Firm

On June 25, 2009, the Company engaged BDO Seidman, LLP ("BDO Seidman") as the Company's new independent registered public firm.

During the Company's two most recent fiscal years, and the subsequent interim period through June 25, 2009 (the date of engagement of BDO Seidman), neither the Company, nor anyone acting on its behalf, consulted with BDO Seidman regarding either: (i) the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered on the Company's financial statements; or (ii) any matter that was the subject of either a disagreement as defined in Item 304(a)(1)(iv) of Regulation S-K or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.