ECO-SHIFT POWER CORP. (OTCMKTS:ECOP) Files An 8-K Changes in Registrant’s Certifying Accountant
ITEM 4.01 CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANT.
On December 13, 2016, our Board of Directors received formal
notice that our independent auditors, SRCO Professional
Corporation (SRCO), had made the decision to resign as our
independent accountants effective December 13, 2016. On December
15, 2016, the Board of Directors voted unanimously to accept the
resignation.
SRCO audited the consolidated financial statements of the Company
for the year ended December 31, 2014. The report of SRCO on such
financial statements, dated April 15, 2015, did not contain an
adverse opinion or disclaimer of opinion and was not qualified as
to uncertainty, audit scope or accounting principles, however,
included an explanatory paragraph that raised substantial doubt
about the Eco-Shift Power Corp.s ability to continue as a going
concern.
For the past fiscal year and subsequent interim periods though
the date of resignation, there have been no disagreements with
the former accountants on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure, which disagreement, if not resolved to the
satisfaction of SRCO., would have caused them to make reference
thereto in their report on the consolidated financial statements.
During the most recent fiscal year and the interim period to the
date of their resignation, there have been no reportable events,
as that term is defined in Item 304(a)(1)(v) of Regulation S-B.
During the Companys most recent fiscal year, and since then, SRCO
has not advised the Company that any of the following exist or
are applicable:
| (1) |
That the internal controls necessary for the Company to develop reliable consolidated financial statements do not exist, that information has come to their attention that has led them to no longer be able to rely on managements representations, or that has made them unwilling to be associated with the consolidated financial statements prepared by management. |
|
| (2) |
That the Company needs to expand significantly the scope of its audit, or that information has come to their attention that if further investigated may materially impact the fairness or reliability of a previously issued audit report or the underlying financial statements or any other financial presentation, or cause them to be unwilling to rely on managements representations or be associated with the Companys consolidated financial statements for the foregoing reasons or any other reason, or |
|
| (3) |
That they have advised the Company that information has come to their attention that they have concluded materially impacts the fairness or reliability of either a previously issued audit report or the underlying financial statements for the foregoing reasons or any other reason. |
We have provided SRCO a copy of the disclosure made in response
to this Item 4.01 and have requested that SRCO provide a letter
addressed to the Securities Exchange Commission confirming their
agreement with the disclosure contained herein. to our request,
SRCO has provided the letter attached hereto as Exhibit 16.1.
ITEM 9.01 Exhibit.
| Exhibit 16.1 |
Letter to SEC from SRCO Professional Corporation dated January 23, 2017. |
About ECO-SHIFT POWER CORP. (OTCMKTS:ECOP)
Eco-Shift Power Corp provides energy efficient lighting solutions to public and private customers. The Company offers Virtual Power Plant Platforms and Management Solutions. It offers various lighting and power platform management tools to control and manage various aspects of users’ lighting components. The Company focuses on the design, engineering and build of lighting solutions, as the original equipment manufacturer (OEM). The Company’s light emitting diode (LED) lighting products include street light, high bay, panel, canopy, linear tube, vapor tight, wall pack, tunnel, PAR Series, BR Series, GU Series, MR Series, A-19 Series, Down Light and Vintage. PAR Series include PAR 16, PAR 20, PAR 30 and PAR 38. BR Series include BR 20, BR 30 and BR 40. The Company offers off grid solutions to customer and energy solution providers around the world. Its off grid solutions include Solar photovoltaic (PV), Biomass, solar thermal, and air and ground source heat pumps. ECO-SHIFT POWER CORP. (OTCMKTS:ECOP) Recent Trading Information
ECO-SHIFT POWER CORP. (OTCMKTS:ECOP) closed its last trading session up +0.0056 at 0.0220 with shares trading hands.
