Item 4.01. Changes in Registrant's Certifying Accountant.
On August 4, 2009, Mr. John Faircloth, CPA, principal owner of Faircloth & Associates, Inc., the Company's independent public accounting firm, passed away. As a result, on September 21, 2009, the Company engaged the accounting firm of Ferlita, Walsh & Gonzalez, P.A. as its new independent accountants. During the Company's years ended December 31, 2007, and 2008 and through August 4, 2009, there were no disagreements between the Company and Faircloth & Associates, Inc. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure that, if not resolved to the former accountant's satisfaction, would have caused it to make reference to the matter in conjunction with its report on the Company's financial statements for the relevant periods, and there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
The accountant's audit report on the Company's financial statements for the years ended December 31, 2007 and 2008 did not contain an adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles.
During the Company's years ended December 31, 2007 and 2008 and through September 20, 2009, neither the Company, nor anyone on its behalf, consulted with Ferlita, Walsh & Gonzalez, P.A with respect to (i) either: 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, and no written report or oral advice was provided by the new accountant to the Company that the new accountant concluded was an important factor considered by the Company 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 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).