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REAC > SEC Filings for REAC > Form 8-K on 15-Jul-2014All Recent SEC Filings

Show all filings for REAL ESTATE CONTACTS, INC.

Form 8-K for REAL ESTATE CONTACTS, INC.


15-Jul-2014

Changes in Registrant's Certifying Accountant, Amendments to Articles


Item 4.01. Changes in Registrant's Certifying Accountant

(1)

Previous Independent Auditor:

a.

On July 9, 2014, the Company was informed that our registered independent public accountant, DKM Certified Public Accountants, of Clearwater Florida ("DKM") declined to stand for re-appointment.

b.

DKM had audited the year ending December 31, 2013 and reviewed the financial statements of the quarterly periods March 31, 2013 through March 31, 2014. The financial statements for the years ended December 31, 2012 were audited by others. The years ending December 31, 2013 and December 31, 2012 reports contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to audit scope or accounting, except that each report contained an explanatory paragraph stating that there was substantial doubt about the Company's ability to continue as a going concern. An 8K was filed for item 4.01 February 2013, in regards to our previous auditor.

c.

Our Board of Directors participated in and approved the decision to change independent accountants. Through the period covered by the audit firm, commencing February 2013, including its review of financial statements of the quarterly periods March 31, 2013 through March 31, 2014, including the annual statement for December 31, 2013, there have been no disagreements with DKM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of DKM would have caused them to make reference thereto in their report on the financial statements. Through the interim period July 9, 2014 (the date of decline to stand for re-appointment of the former accountant), there have been no disagreements with DKM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of DKM would have caused them to make reference thereto in their report on the financial statements.

d.

We have authorized DKM to respond fully to the inquiries of the successor accountant

e.

During the years ended December 31, 2013 and the interim period through July 9, 2014, there have been no reportable events with us as set forth in Item 304(a)(1)(iv) of Regulation S-K.

f.

The Company provided a copy of the foregoing disclosures to DKM prior to the date of the filing of this Report and requested that DKM furnish it with a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the statements in this Report. A copy of such letter is filed as Exhibit 16.1 to this Form 8-K.

(2)

New Independent Auditor:

a.

On July 9, 2014, the Company engaged D'Arelli Pruzansky, P.A. ("DP") of Boca Raton, FL, as its new registered independent public accountant. During the year ended December 31, 2013 and prior to July 9, 2014 (the date of the new engagement), we did not consult with DP regarding (i) the application of accounting principles to a specified transaction, (ii) the type of audit opinion that might be rendered on the Company's financial statements by RC, in either case where written or oral advice provided by DP would be an important factor considered by us in reaching a decision as to any accounting, auditing or financial reporting issues or (iii) any other matter that was the subject of a disagreement between us and our former auditor or was a reportable event (as described in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K, respectively).



Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On July 9, 2014, the Board of Directors approved increasing the authorized capital of the Company from Fifty Million (50,000,000) Shares to Three Hundred Fifty Million (350,000,000) shares; only the common stock will increase. The effective date of the amendment is July 10, 2014.

Accordingly, on July 10, 2014, the total authorized capital of the Company will be comprised of Three Hundred Forty Nine Million Nine Hundred Thousand (349,900,000) shares of common stock, par value $0.00001 per share; Ten Thousand (10,000) shares of Preferred Stock, Series A, par value $0.0001 per share; and Ninety Thousand (90,000) shares of Preferred Stock, Series B, par value $0.001 per share.

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