UNITED STATES
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
March 19 2008
Date of Report (Date of
Earliest Event Reported)
Alternet Systems, Inc.
(Exact name of Registrant as Specified in its Charter)
#610-815 West Hastings Street, Vancouver, BC, V6C
1B4
(Address of Principal Executive Offices)
604-608-2540
(Registrant's Telephone
Number)
Not Applicable
Alternet Systems, Inc.
#610 - 815 West Hastings Street, Vancouver, BC, V6C 1B4
| Nevada | 000-31909 | 88-0473897 |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of incorporation) | Identification No.) |
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] 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 March 19, 2008, a Current Report on Form 8K (the “Form 8K”) was filed reporting that the members of the Board of Directors of Alternet Systems, Inc., a Nevada corporation (the “ Registrant ”), unanimously approved the dismissal of Dale Matheson Carr-Hilton Labonte LLP (“ DMCL ”), as the Registrant’s independent registered public accounting firm.
This amendment No.1 is being provided to furnish additional clarification related to the reports of DMCL on the Registrants financial statements for the past two fiscal years. No reports of DMCL on the Registrant’s financial statements for the past two fiscal years ended December 31, 2006 and 2005, contained any adverse opinion or disclaimer of opinion or was qualified or modified as to audit scope, or accounting principles, other than the uncertainty about the Company’s ability to continue as a going concern because the Company has generated limited revenues since inception, has incurred losses in developing its business, and since further losses may occur, the Company requires additional funds to meet its obligations and to fund the costs of its operations.
During the fiscal years ended December 31, 2006 and 2005 and through March 12, 2008, there were no disagreements with DMCL on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of DMCL, would have caused it to make reference thereto in any report.
During the fiscal years ended December 31, 2006 and 2005 there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).
The Registrant requested that DMCL furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter to the Securities and Exchange Commission is filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b) On March 12, 2008, the Registrant engaged the firm of Pollard – Kelley Audit Services Inc. (PK) as the Registrant’s principal independent accountant to audit the Registrant’s financial statements. The members of the Registrant’s Audit Committee unanimously approved the engagement of PK.
For the period from the Company’s two most recent fiscal years ended December 31, 2006 and 2005 and through March 12 2008, neither the Registrant nor any person on the Registrant’s behalf consulted PK regarding either (i) the application of accounting principles to a specified completed or proposed transaction or the type of audit opinion that might be rendered on the Registrant’s financial statements, or (ii) any matter that was the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to such Item) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable .
(b) Not applicable .
(c) Not applicable .
(d) Exhibits .
EXHIBITS
| Exhibit | |
| Number | Description |
| 16.1 | Letter from Dale Matheson Carr-Hilton Labonte, LLP dated March 12, 2008 |
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.
“Patrick Fitzsimmons”
Patrick Fitzsimmons
Director / Secretary