UNITED STATES
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): October 23, 2006
METRO ONE TELECOMMUNICATIONS, INC.
(Exact name of Registrant as specified in its charter)
Oregon |
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0-27024 |
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93-0995165 |
(State or other
jurisdiction |
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(Commission File Number) |
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(I.R.S. Employer |
11220
Murray Scholls Place
Beaverton, Oregon 97007
(Address of principal executive offices and Zip Code)
Registrants telephone number, including area code: (503) 643-9500
(Former name or former address, if changed since last report)
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:
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 Registrants Certifying Accountant.
On October 23, 2006, the Audit Committee of the Board of Directors of Metro One Telecommunications, Inc. (the Company) approved the appointment of BDO Seidman, LLP (BDO Seidman) as the Companys independent registered public accounting firm, effective immediately. BDO Seidman replaces Deloitte & Touche LLP (Deloitte & Touche) as the Companys independent registered public accounting firm.
Deloitte & Touches audit reports on the Companys financial statements as of and for the years ended December 31, 2005 and 2004 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except that the report for the year ended December 31, 2005 expressed substantial doubt regarding the Companys ability to continue as a going concern.
During the two fiscal years ended December 31, 2005 and 2004, and the subsequent interim periods, there were no disagreements with Deloitte & Touche on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Deloitte & Touche would have caused them to make reference to the subject matter of the disagreements in connection with their report; and there were no reportable events as described in item 304(a)(1)(v) of Regulation S-K promulgated by the Securities and Exchange Commission (the SEC) pursuant to the Securities Exchange Act of 1934, as amended.
The Company provided Deloitte & Touche with a copy of this Report on Form 8-K and requested that Deloitte & Touche furnish the Company with a letter addressed to the SEC stating whether it agrees with the foregoing statements by the Company and, if not, stating the respects in which it does not agree. A copy of the letter from Deloitte & Touche stating that it does agree with the foregoing statements is filed with this Report on Form 8-K as Exhibit 16.1.
During the Companys two most recent fiscal years and through the date of this Report on Form 8-K, the Company did not consult BDO Seidman with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Companys financial statements, or any other matters or reportable events listed in Items 304(a)(2) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) |
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Exhibits |
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Exhibit No. |
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Description |
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16.1 |
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Letter from Deloitte & Touche LLP to the SEC dated October 24, 2006 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 26, 2006 |
METRO ONE TELECOMMUNICATIONS, INC. |
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By: |
/s/ Duane C. Fromhart |
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Duane C. Fromhart |
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Chief Financial Officer |
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EXHIBIT INDEX
Exhibit No. |
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Description |
16.1 |
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Letter from Deloitte & Touche LLP to the SEC dated October 24, 2006 |
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