0001185185-13-002128.txt : 20131001 0001185185-13-002128.hdr.sgml : 20131001 20131001112040 ACCESSION NUMBER: 0001185185-13-002128 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130925 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131001 DATE AS OF CHANGE: 20131001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INNOVATIVE SOFTWARE TECHNOLOGIES INC CENTRAL INDEX KEY: 0001084047 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 954691878 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27465 FILM NUMBER: 131125754 BUSINESS ADDRESS: STREET 1: 2802 NORTH HOWARD AVENUE CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: (813) 920-9435 MAIL ADDRESS: STREET 1: 2802 NORTH HOWARD AVENUE CITY: TAMPA STATE: FL ZIP: 33607 8-K 1 innovativesoftware8k100113.htm 8-K innovativesoftware8k100113.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 


FORM 8-K
 


CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

Date of Report (Date of earliest reported): September 25, 2013
 
INNOVATIVE SOFTWARE TECHNOLOGIES, INC.
(Exact name of registrant as specified in charter)

Delaware
000-27465
26-1469061
(State or Other Jurisdiction of Incorporation or Organization)
(Commission File Number)
(IRS Employer Identification No.)
 
2802 North Howard Avenue
Tampa, Florida 33607
 (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (813) 920 - 9435


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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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.
 
(a)           On September 25, 2013, the Board of Directors of Innovative Software Technologies, Inc. (the "Company") approved the Company's dismissal of PMB Helin Donovan, LLP ("Helin") as independent auditors for the Company and its subsidiaries.
 
Helin's reports on the Company's financial statements for the fiscal year ending March 31, 2009 did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.  Helin's report for the year ended March 31, 2009 was modified to include an emphasis regarding uncertainty about our ability to continue as a going concern.
 
There have been no disagreements with Helin 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 Helin, would have caused it to make reference to the subject matter of the disagreement in connection with its report.  None of the events described in Item 304(a)(1)(v) of Regulation S-K has occurred with respect to Helin.
 
The Company provided to Helin the disclosure contained in this Form 8-K and requested Helin to furnish a letter addressed to the Commission stating whether it agrees with the statements made by the Company herein and, if not, stating the respects in which it does not agree.  A letter from Helin is attached as Exhibit 16.1 to this Form 8-K and incorporated herein by reference.
 
(b)           On September 25, 2013, the Board of Directors approved the Company's engagement of Kingery & Crouse, P.A. ("K&C") as independent auditors for the Company and its subsidiaries.  The Company engaged K&C on September 25, 2013.
 
Neither the Company nor anyone on its behalf consulted K&C regarding (i) the application of accounting principles to a specific completed or contemplated transaction, (ii) the type of audit opinion that might be rendered on the Company's financial statements, or (iii) any matter that was the subject of a disagreement or event identified in response to Item 304(a)(2) of Regulation S-K (there being none).
 
Item 9.01  Financial Statements and Exhibits.
 
(d) Exhibits. The following exhibits are filed with this report:
 
  Exhibit No. Description of Exhibit
     
  16.1 Letter from PMB Helin Donovan, LLC dated September 27, 2013
     
  99.1 Press Release Announcing Change in Auditor
 
 
 

 

SIGNATURES
 
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.
 
 
INNOVATIVE SOFTWARE TECHNOLOGIES, INC.
 
By:  /s/ Peter M. Peterson                                                     
 Peter M. Peterson
 Chairman and CEO
 
 
Date:   September 25, 2013
 

 

 
 
EX-16.1 2 ex16-1.htm EX-16.1 ex16-1.htm
 
Exhibit 16.1
 

 
September 27, 2013
 
Office of the Chief Accountant
Securities and Exchange Commission
100F Street, NE
Washington, D.C. 20549
 
 
Dear Sir/Madam:
 
We have read the statements included under Item 4.01 in the Form 8-K dated September 25, 2013 of Innovative Software Technologies, Inc. (the "Company") to be filed with the Securities and Exchange Commission and we agree with such statements insofar as they relate to our dismissal and our audits for the years ended March 31, 2009 and 2008, and our reviews of interim financial statements. We cannot confirm or deny that the appointment of Kingery & Crouse, P.A. was approved by the Board of Directors, or that they were not consulted prior to their appointment as auditors.
 

 
Very truly yours,
 
PMB Helin Donovan, LLP
 
/s/ PMB Helin Donovan, LLP
 

Austin, Texas
 
 
 

 
EX-99.1 3 ex99-1.htm EX-99.1 ex99-1.htm
 
Exhibit 99.1
 
Innovative Software Technologies Announces
Engagement of Auditors.

Tampa, FL, October 1, 2013 (GLOBE NEWSWIRE) -- Innovative Software Technologies, Inc. (OTC: INIV.PK), ("Innovative" or the "Company") announces the engagement of Kingery & Crouse, P.A. as its auditors.  Kingery & Crouse is an experienced, full service Public Company Accounting Oversight Board ("PCAOB") registered public accounting firm that serves clients across the United States as well as internationally.  Kingery & Crouse is headquartered in Tampa, Florida.

Peter Peterson, Chief Executive Officer of Innovative, said, "I am delighted to be working with Kingery & Crouse and I look forward to bringing the Company into compliance with the reporting requirements of the Securities and Exchange Commission."

About Innovative Software Technologies
Innovative Software Technologies, Inc.'s (www.inivcompanies.com) mission is to find and bring to market cutting edge technologies that are synergistic with the company's current technologies and that are market ready. Innovative, through its Opt-in SMART offering (www.optinsmart.com), is a fully integrated Social Marketing And Retention Technology platform that gives businesses an easy to use, affordable, and centralized marketing solution, helping small to medium-sized businesses acquire, maintain and retain customers via the Internet. The Opt-in SMART platform includes local listings; citation management; email, text message, and video marketing; reputation management; social media tools; and review and posting management. Innovative delivers these solutions through a combination of its proprietary technology platform, its direct "feet on the street" sales force of Internet Marketing Consultants, and through select third party agencies and resellers. Innovative Software Technologies, Inc. is headquartered in Tampa, Florida and trades on the pink sheets under the symbol INIV.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Relations Contact:
Innovative Software Technologies, Inc.
Peter Peterson
813-448-6794
PPeterson@inivcompanies.com

Source: Innovative Software Technologies, Inc.