Banyan Rail Services Inc. (OTCMKTS:BARA) Files An 8-K Changes in Registrant’s Certifying Accountant

Banyan Rail Services Inc. (OTCMKTS:BARA) Files An 8-K Changes in Registrant’s Certifying Accountant

Story continues below

Item 4.01

Changes in Registrants Certifying

On January 19, 2017, Banyan Rail Services Inc. (the Company)
engaged Zachary Salum Auditors P.A. (the New Accounting Firm) as
its new independent registered public accounting firm effective
immediately. The Company notified Daszkal Bolton LLP (the Former
Accounting Firm) that it had been dismissed as the Companys
independent registered public accounting firm. The Companys Board
of Directors approved the change in independent accountants.

The audit report of the Former Accounting Firm on the Companys
financial statements as of and for the fiscal years ended
December 31, 2015 and 2014, did not contain an adverse opinion or
disclaimer of opinion, nor were such reports qualified or
modified as to uncertainty, audit scope or accounting principles.

During the two fiscal years ended December 31, 2016 and 2015 and
through January 19, 2017, there were no (a) disagreements between
the Company and the Former Accounting Firm on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedures, which, if not
resolved to the satisfaction of the Former Accounting Firm, would
have caused the Former Accounting Firm to make reference thereto
in connection with its opinion on the financial statements for
such years or (b) reportable events, as such term is defined in
Item 304(a)(1)(v) of Regulation S-K.

The Company provided the Former Accounting Firm with a copy of
this Current Report on Form 8-K, and requested that the Former
Accounting Firm furnish it with a letter addressed to the
Securities and Exchange Commission stating whether the Former
Accounting Firm agrees with the above statements. A copy of such
letter, dated January 23, 2017, is filed as Exhibit 16.1 to this
Current Report on Form 8-K.

During the Companys two most recent fiscal years and the
subsequent interim period prior to the engagement of the New
Accounting Firm, the Company did not consult with the New
Accounting Firm regarding: (i) 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, and either a written report
was provided to the Company or oral advice was provided that New
Accounting Firm concluded was an important factor considered by
the Company in reaching a decision as to the accounting, auditing
or financial reporting issue; or (ii) any matter that was either
the subject of a disagreement or a reportable event, as such
terms are used in paragraphs (a)(1)(iv) and (v), respectively, of
Item 304 of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
16.1 Letter from Daszkal Bolton LLP, dated January 23, 2017

About Banyan Rail Services Inc. (OTCMKTS:BARA)

Banyan Rail Services Inc. is a shell company. The Company focuses on acquiring companies within the industrial, energy, transportation, technology and healthcare industries across North America. The Company has not generated any revenues. The Company may also explore acquisitions in other industries. The Company does not have any operations.

Banyan Rail Services Inc. (OTCMKTS:BARA) Recent Trading Information

Banyan Rail Services Inc. (OTCMKTS:BARA) closed its last trading session 00.000 at 0.600 with 2,000 shares trading hands.

An ad to help with our costs