ECOLOCAP SOLUTIONS INC. (OTCMKTS:ECOS) Files An 8-K Changes in Registrant’s Certifying AccountantITEM 4.01
CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
ECOLOCAP SOLUTIONS INC. (OTCMKTS:ECOS) Files An 8-K Changes in Registrant’s Certifying Accountant
Previous independent registered public accounting firm
From February 9 through November 30, 2017, MaloneBailey LLP ("Malone") was the independent registered public accounting firm of Ecolocap Solutions Inc. (the "Company"). On November 30, 2017 we notified Malone we were terminating it as our independent certifying accountant.
None of our previous audit reports, in particular the audit reports for the fiscal years ended December 31, 2016 and December 31, 2015, contained any adverse opinion or disclaimer of opinion, nor were qualified or modified as to uncertainty, audit scope, or accounting principles, except for a going concern qualification on the Company's financial statements for the fiscal years ended December 31, 2016 and December 31, 2015.
During the Company's two most recent fiscal years, the subsequent interim periods thereto, and through November 30, 2017, there were no disagreements (as defined in Item 304 of Regulation S-K) with Malone on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Malone would have caused it to make reference in connection with its opinion to the subject matter of the disagreement. Further, during the Company's two most recent fiscal years, the subsequent interim periods thereto, and through November 30, 2017, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K), except for material weaknesses described in Item 9A of the Company's Annual Report on Form 10-K for the year ended December 31, 2016.
We furnished Malone with a copy of this disclosure on December 1, 2017, providing Malone with the opportunity to furnish the Company with a letter addressed to the Commission stating whether he agrees with the statements made by the Company herein in response to Item 304(a) of Regulation S-K and, if not, stating the respect in which he does not agree. A copy of Malone's response is filed as Exhibit 16.1 to this Report.
New independent registered public accounting firm
On December 1, 2017, we engaged Paritz and Company, P.A., 15 Warren Street, Suite 25, Hackensack, New Jersey, 07601, telephone 201-342-7753, an independent registered public accounting firm, as our principal independent accountant with the approval of our board of directors. Paritz and Company, P.A., was previously our independent certifying accountant from November 2, 2005 through February 9, 2017.
During the two most recent fiscal years and through the date of engagement, we have not consulted with Paritz and Company, P.A regarding either:
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The application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, and neither a written report was provided to us nor oral advice was provided that Paritz and Company, P.A concluded was an important factor considered by us in reaching a decision as to the accounting, auditing or financial reporting issue; or |
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Any matter that was either subject of disagreement or event, as defined in Item 304(a)(1)(iv)(A) of Regulation S-K and the related instruction to Item 304 of Regulation S-K, or a reportable event, as that term is explained in Item 304(a)(1)(iv)(A) of Regulation S-K. |
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ITEM 9.01 |
FINANCIAL STATEMENTS AND EXHIBITS. |
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Exhibits |
Document Description |
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Correspondencefrom MaloneBailey, LLP. |
ECOLOCAP SOLUTIONS INC. ExhibitEX-16.1 2 exh16-1.htm CORRESPONDENCE FROM MALONE AND BAILEY,…To view the full exhibit click here
About ECOLOCAP SOLUTIONS INC. (OTCMKTS:ECOS)
EcoloCap Solutions Inc. offers aerobic digestion technology called ECOS/Bio-ART, which remediates all organic waste. The EcoloCap technology can be tailored to produce a Nitrogen (N), Phosphorus (P) and Potassium (K) fertilizer or chicken and fish animal feed through the introduction of different bacteria into the bio-fermenter utilizing computer processing with a combination of bacillus. It can process various organic municipal solid waste (MSW), food scraps and animal bio-solids. The technology offers a solution for managing urban generated organics. Its technology is used by waste management companies and communities to dispose of food scraps. The Company operates over 400 operational units, which processes approximately 6,000 tons per day. Its unit in Chicago, Illinois processes over 120 tons per day of organic MSW.
