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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): April 7, 2001
CENTURY INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Its Charter)
DC 001-13327 54-1100941
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State or Other Jurisdiction Commission IRS Employer
of Incorporation or Organization File Number Identification No.
Century Industries, Inc. c/o Andrea Dobin, Trustee
Sterns & Weinroth, 50 West State Street, Suite 1400
Trenton, New Jersey 08607-1298
Address of Principal Executive Offices and Zip Code
Registrant's telephone number, including area code: (609) 392-2100
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) On April 7, 2001, Stefanou & Company, LLP ("Stefanou") resigned as
the Registrant's certifying accountant. Stefanou's report on the financial
statements for the year ended December 31, 1999 did not contain an adverse
opinion or disclaimer of opinion, and was not qualified or modified as to
uncertainty, audit scope or accounting principles, except that their report for
the year ended December 31, 1999 contained an explanatory paragraph regarding
the substantial doubt about the Company's ability to continue as a going
concern. During the years ended December 31, 1999 and 1998, and the subsequent
interim period through April 7, 2001, the Company has not had any disagreements
with Stefanou on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure.
Stefanou's letter, which is required pursuant to Item 304(a) (3) of
Regulation S-B, is attached.
(b) The Trustee is seeking approval from the United States Bankruptcy
Court for the appointment by the Trustee of Bederson & Company, LLP, to serve as
accountants and to render accounting services to the Trustee in connection with,
among other matters, preparation of monthly financial reports and preparation of
necessary tax returns, and to assist in compliance with SEC requirements, with
such appointment to be effective as of April 5, 2001. Bederson & Company, LLP,
was not consulted concerning the application of accounting principles to any
specific transaction, either completed or proposed, or the type of audit opinion
that might be rendered on the Registrant's financial statements, nor was a
written report provided to the Registrant nor oral advice given by the new
accountant regarding important factors considered by the Registrant in reaching
its decision as to any accounting, auditing or financial reporting issue.
Item 5. OTHER EVENTS.
As reported in the Registrant's Form 10-QSB dated December 27, 2000,
the Registrant converted the bankruptcy proceeding to a Voluntary Chapter 11
wherein Registrant would continue as a Debtor-in- Possession. An Examiner was
appointed on January 10, 2001 to investigate the affairs of the Registrant. The
Examiner issued a preliminary report on March 16, 2001. On April 3, 2001, the
appointment of Andrea Dobin as Chapter 11 Trustee was approved by the United
States Bankruptcy Court and an order accordingly entered.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) and (b) Financial Statements: N/A
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(c) Exhibits 16.1: Letter from Stefanou & Co. LLP, regarding
change of certifying accountant
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CENTURY INDUSTRIES, INC.
By:/s/ Andrea Dobin
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Andrea Dobin
Trustee
Date: April 12, 2001
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