ITEM
4.01
CHANGES IN REGISTRANT'S
CERTIFYING
ACCOUNTANTS
On
June
26, 2007, the Registrant closed a reverse merger transaction with Harbin SenRun
Forestry Development Limited, a corporation organized and existing under the
laws of the People’s Republic of China (“Harbin SenRun”). Kempisty &
Company, Certified Public Accountants, P.C. was the independent registered
public accountant for Harbin SenRun and Michael J. Larsen, PC, Certified Public
Accountants, was the registered public accountant for the Registrant. The
Registrant decided to dismiss Michael J. Larsen, PC as its independent
registered public accountant effective June 26, 2007 and engage Kempisty &
Company, Certified Public Accountants, as its independent registered public
accountant.
On
June
26, 2007, the Registrant dismissed Michael J. Larsen, PC, Certified Public
Accountants, as the independent
registered public accou
nting
firm for the Registrant.
Michael J. Larsen, PC,
had
been the independent registered public accounting firm for and
audited
the consolidated balance sheets of the Registrant (A Development Stage Company)
as of December 31, 2006 and the related consolidated statements of operations,
cash flows and stockholders' equity (deficit) for the year then
ended. All
of the
foregoing audited consolidated financial statements are hereinafter collectively
referred to as the “cons
olidated financial
statements.”
The reports of
Michael J. Larsen, PC
on
the consolidated financial statements for the past fiscal year contained no
adverse opinion or disclaimer of opinion, and were not qualified or modified
as
to uncertainty, audit scope or accounting principles, except for an explanatory
paragraph relating to the Registrant's ability to
continue as a "going
concern."
The dismissal of Michael
J.
Larsen, PC was approved unanimously by the Board of
Directors.
In
connection with the audit for the
most recent fiscal year by Michael J. Larsen, PC and in connection with Michael
J. Larsen, PC’s review of the subsequent interim periods through June 26, 2007,
there have been no disagreements between the Registrant and Michael J. Larsen,
PC on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which, if not resolved to the
satisfaction of Michael J. Larsen, PC would have caused it to make reference
thereto in their report on the Registrant’s financial statements for these
periods.
The
Registrant has made the contents of
this Form 8-K filing available to Michael J. Larsen, PC and requested it to
furnish a letter to the Securities and Exchange Commission as to whether Michael
J. Larsen, PC agrees or disagrees with, or wishes to clarify Registrant’s
expression of its
views.
A
copy of Michael J.
Larsen, PC’s letter to the SEC is included as an exhibit to this
filing.
On
June 26, 2007, the Registrant engaged
Kempisty & Company, Certified Public Accountants, as its independent
registered public accounting firm. The Registrant has not consulted with
Kempisty & Company regarding the application of accounting principles to any
contemplated or completed transactions nor the type of audit opinion that might
be rendered on the Registrant's financial statements, and neither written nor
oral advice was provided that would be an important factor considered by the
Registrant in reaching a decision as to an accounting, auditing or financial
reporting issue.
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