Document/Exhibit Description Pages Size
1: 8-K Current Report 3 12K
2: EX-2.1 Plan of Acquisition, Reorganization, Arrangement, 2± 8K
Liquidation or Succession
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
January 28, 2004 000-50361
Date of Report (Date of earliest event reported) Commission File Number
ACTO DIGITAL VIDEO U.S.A. INC.
(Exact name of registrant as specified in its charter)
Delaware 98-0382978
(State or other jurisdiction of incorporation or (I.R.S. Employer
organization) Identification Number)
275 Madison Avenue
6th Floor
New York, New York 10016
(Address of Principal Executive Offices) (Zip Code)
(212) 880-3702
(Registrant's telephone number, including area code)
Item 5. Other Events.
Acto Digital Video U.S.A. Inc. ("Acto USA") has withdrawn its Registration
Statement on Form SB-2. Acto USA became aware of misappropriation of funds by
its former Chief Financial Officer, a resident of the People's Republic of China
(the "PRC") and terminated its former Chief Executive Officer as an officer and
employee of the company and of its subsidiary, Shenzhen Acto Digital Video Tech.
Co. Ltd. Criminal charges have been filed against such former Chief Financial
Officer in the PRC. Based upon Acto USA's internal investigation, the company
believes that its financial statements may be incorrect and the company is
unable to correct such financial statements at this time.
Item 7. Financial Statements and Exhibits.
(a) Acto USA's auditors, Schwartz Levitsky Feldman llp, have informed
the company that it may not rely on the financial statements included with the
company's Registration Statement and the financial statements issued by the
company in its quarterly reports on form 10-QSB. Schwartz Levitsky Feldman llp
has informed Acto USA that it has withdrawn its auditor's reports. These include
the auditor's reports included with the following SEC filings of Acto USA:
Registration Statement on Form SB-2 filed on December 18, 2002;
First Amendment to Registration Statement filed on February 20, 2003;
Second Amendment to Registration Statement filed on May 13, 2003;
Third Amendment to Registration Statement filed on July 3, 2003;
Fourth Amendment to Registration Statement filed on July 23, 2003;
Final Prospectus filed on August 6, 2003;
Quarterly Report on Form 10-QSB filed on August 18, 2003; and
Quarterly Report on Form 10-QSB filed on November 14, 2003.
In addition, Schwartz Levitsky Feldman llp has informed the company
that it may not rely on its review of any of the financial statements prepared
by the company.
(b) Exhibits.
2.1 Letter of Schwartz Levitsky Feldman llp to Acto USA dated
January 19, 2004.
2
SIGNATURES
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.
ACTO DIGITAL VIDEO U.S.A. INC.
Date: January 28, 2004 By: Jing Xie
--------------------------
Name: Jing Xie
Title:President
3
Dates Referenced Herein and Documents Incorporated by Reference
↑Top
Filing Submission 0001144204-04-000709 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help —
Wed., Apr. 24, 7:19:51.1pm ET