-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FkeX7xeS4rnpXhzVQWlj+56KS+j+fWEY0bCLDVGo4/yN5gcJRuXKKapDGUnlL9nl NN6ydbGLPWSOgSZ3dr1uiA== 0001144204-10-004721.txt : 20100318 0001144204-10-004721.hdr.sgml : 20100318 20100201160437 ACCESSION NUMBER: 0001144204-10-004721 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20100101 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100201 DATE AS OF CHANGE: 20100201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Allied Security Innovations, Inc. CENTRAL INDEX KEY: 0000927454 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] IRS NUMBER: 232770048 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-26604 FILM NUMBER: 10563542 BUSINESS ADDRESS: STREET 1: 1709 ROUTE 34, CITY: FARMINGDALE, STATE: NY ZIP: 07727 BUSINESS PHONE: (732) 359-0260 MAIL ADDRESS: STREET 1: 1709 ROUTE 34, CITY: FARMINGDALE, STATE: NY ZIP: 07727 FORMER COMPANY: FORMER CONFORMED NAME: DIGITAL DESCRIPTOR SYSTEMS INC DATE OF NAME CHANGE: 19940725 8-K/A 1 v172813_8ka.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K/A
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): January 1, 2010
 
ALLIED SECURITY INNOVATIONS, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
0-26604
23-2770048
(State or Other Jurisdiction
(Commission File
(I.R.S. Employer
of Incorporation)
Number)
Identification Number)
 
1709 Route 34, Suite 2
Farmingdale, New Jersey 08750
 (Address of principal executive offices)
 
(732) 359-0260
(Registrant's telephone number, including area code)
 
1709 Route 34, Suite 2
Farmingdale, New Jersey 08750
(Former name or address, if changed since last report)
 
Copies to:
Louis A. Brilleman, Esq.
110 Wall Street, 11th Floor
New York, New York 10005
Phone: (212) 709-8210
Fax: (212) 943-2300
 
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.
Allied Security Innovations, Inc. (the “Company”) was notified that the audit practice of Bagell, Josephs, Levine & Company, LLC, the Company’s independent registered public accounting firm (the “Former Accountant”), was combined with Friedman LLP (“New Accountant”) on January 1, 2010.  As of the same date, the Former Accountant resigned as the independent registered public accounting firm of the Company and, with the approval of the Company’s Board of Directors, the New Accountant was engaged to be the Company’s independent registered public accounting firm.
 
The Former Accountant’s report on the financial statements for the years ended December 31, 2008 and 2007 were not subject to an adverse or qualified opinion or a disclaimer of opinion and were not modified as to audit scope or accounting principles. However, the Former Accountant’s report on the financial statements for the years ended December 31, 2008 and 2007 contained an explanatory paragraph which noted that there was substantial doubt about Company’s ability to continue as a “Going Concern” due to recurring net losses, a working capital deficiency and negative cash flows from operations.
 
During the two years ended December 31, 2008, and from December 31, 2008 through the January 1, 2010, there were no  reportable events as the term is described in Item 304(a)(1)(iv) of Regulation S-K.
 
From the date the Company retained the Former Accountant on January 4, 2007 through the date of resignation , there were no disagreements with the Former Accountant on any matters of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which, if not resolved to the satisfaction of the Former Accountant would have caused it to make reference to the subject matter of the disagreements in connection with its reports on these financial statements for those periods.
 
During the two most recent fiscal years through the date of engagement, the Company did not consult with the New Accountant regarding the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and no written or oral advice was provided by the New Accountant that was a factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issues.
 
The Company has requested that the Former Accountant furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. The requested letter is attached as Exhibit 16.1 to this Form 8-K.
 
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
 
(a) Financial statements of business acquired.
 
Not applicable.
 
(b) Pro forma financial information.
 
Not applicable.
 
(c) Exhibits
 
Exhibit
Number
 
 
Description
16.1
 
Letter from Former Accountant

 
SIGNATURES
 
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Allied Security Innovations Inc.
 
 
 
 
 
January 29, 2010
By:
/s/ Michael Pellegrino
 
 
 
Michael Pellegrino
 
 
 
Chief Financial Officer
 
 

EX-16.1 2 v172813_ex16-1.htm Unassociated Document
Exhibit 16
 
BAGELL, JOSEPHS, LEVINE & COMPANY, L.L.C.
Certified Public Accountants
406 Lippincott Drive, Ste. J
Marlton, New Jersey 08053-4168
(856) 355-5900   Fax (856) 396-0022
 
 
February 1, 2010
 
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549

 
Dear Ladies and Gentlemen:
 
We are the former independent registered public accounting firm for Allied Security Innovations, Inc.  (the “Company”). We have read the Company’s disclosure set forth in Item 4.01 “Changes in Registrant’s Certifying Accountant” of the Company’s Current Report on Form 8-K dated February 1, 2010  (the “Current Report”) and are in agreement with the disclosure in the Current Report, insofar as it pertains to our firm.
 

 
Sincerely,
 
/s/ Bagell, Josephs, Levine & Company, LLC
 

 
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Louis A. Brilleman, P.C.
110 Wall Street, 11th Floor
New York, NY 10005-3817
Phone: 212-709-8210
Fax: 212-943-2300
 
 
February 1, 2010
  
VIA EDGAR
 
Ms. Jenn Do
Staff Accountant
United States Securities and Exchange Commission
Washington, D.C. 20549
 
Re:
Allied Security Innovations, Inc. (the “Company”)
Current Report on Form 8-K filed January 21, 2010
(the “Form 8-K”)
File No. 000-26604
 
Dear Ms. Do:
 
                This letter is in response to the letter dated January 25, 2010 by the accounting staff of the Securities and Exchange Commission (the “Staff”) with respect to the Company’s Form 8-K.  Following are the Company’s responses to the Staff’s comments.
 
1.     The Company has made revisions to the Form 8-K in accordance with the Staff’s comment.
 
2.     The Company has made revisions to the Form 8-K in accordance with the Staff’s comment.
 
3.     The Company has obtained an updated Exhibit 16 letter.
 
Attached to this letter is the Company’s certification requested by the Staff.  Please contact the undersigned at 212-709-8210 if you need any addition al information.
 
 
 
Very truly yours,
   
   
   
 
/s/ Louis A. Brilleman
 
cc:
Michael Pellegrino
(Allied Security Innovations, Inc.)
 
 
 
 

 
 
In connection with the response to a comment letter by the staff of the Securities and Exchange Commission dated January 25, 2010, the Company acknowledges that:
 
·  
The Company is responsible for the adequacy and accuracy of the disclosure in the filing.
 
·  
Staff comments or changes to disclosure in response to staff comments in the filing reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing; and
 
·  
The Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
 

 
January 29, 2010
 
     
     
  Allied Security Innovations, Inc.  
       
 
By:
/s/ Michael Pellegrino  
    Chief Financial Officer  
       
       
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