8-K 1 elgt8k071603.txt 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 July 16, 2003 (Date of earliest event reported) Commission file number: 014754 ELECTRIC AND GAS TECHNOLOGY, INC. (Exact name of small business issuer as specified in its charter) TEXAS 75-2059193 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 13636 Neutron Road, Dallas, Texas 75244-4410 (Address of principal executive offices) (972) 934-8797 (Issuer's telephone number) NOT APPLICABLE (Former name, former address and former fiscal year, if changed since last report) ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT On July 16, 2003, Electric & Gas Technology, Inc. (the "Registrant" or the "Company") dismissed Whitley Penn (formerly "Jackson & Rhodes PC) as its certifying accountants. The Registrant's Audit Committee has approved this action. The audit reports of Whitley Penn on the Registrant's financial statements for the years ended July 31, 2002 and 2001 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the Registrant's two most recent fiscal years and through July 16, 2003, there were no disagreements with Whitley Penn 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 Whitley Penn, would have caused Whitley Penn to make reference thereto in connection with its reports on the financial statements for such years. During the two most recent fiscal years and through July 16, 2003, there have been no reportable events (as defined in Regulation S-K Item 304(a)(1)(v)). The Registrant delivered a copy of this Form 8-K report to Whitley Penn on July 16, 2003. Concurrently therewith, the Registrant requested that Whitley Penn furnish it with a letter addressed to the Securities and Exchange Commission (the "SEC") stating whether Whitley Penn agrees with the above statements and, if not, stating the respects in which Whitley Penn does not agree. Attached hereto as Exhibit 16.1 is a copy of the letter of Whitley Penn to the SEC dated July 16, 2003. On July 16, 2003, the Registrant engaged Lightfoot Guest Moore & Co., PC ("LGM") as its new independent accountant. The Registrant's Audit Committee has approved this action. During the Registrant's two most recent fiscal years and through July 16, 2003, the Registrant did not consult with LGM regarding either (1) 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 Registrant's financial statements, and neither a written report was provided to the Registrant or oral advice was provided that LGM concluded was an important factor considered by the Registrant in reaching a decision as to the accounting, auditing, or financial reporting issue; or (2) any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv)of Regulation S-K, or a reportable event pursuant to Item 304(a)(1)(v) of Regulation S-K. ITEM 7. - FINANCIAL STATEMENTS AND EXHIBITS c) Exhibits. Exhibit Number Description 16.1 Letter from Whitley Penn to the Securities and Exchange Commission, dated July 16, 2003, regarding change in certifying accountant. Electric & Gas Technology, Inc. (Registrant) Date: July 16, 2003 By: /s/ George M. Johnston ----------------------- George M. Johnston Vice President & Chief Financial Officer

SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Filed Pursuant to Section 13 or 15 (d) of the Securities Act of 1934
Date of Report (Date of earliest event reported): June 7, 2002
ELECTRIC & GAS TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Commission File No. 0-14754
Texas	75-2059193
(State or other jurisdiction of	(IRS Employer Identification No.)
incorporation or organization)
13636 Neutron Rd., Dallas, TX 75244
(Address of principal executive offices)
Registrant's telephone number, including area code: 972-934-8797
Not Applicable
(Former name or former address, if applicable)

Item 4. Change in Registrant's Certifying Accountant

On June 7, 2002, the Board of Directors of the Registrant approved the engagement of Whitley Penn ("Whitley Penn") as the Registrant's principal accountant to replace Jackson & Rhodes P.C. ("Jackson & Rhodes"), the previous accountant which have withdrawn from the practice of public accounting necessitating this change in accounting firms.

Jackson & Rhodes' reports on the Registrant's financial statements for the past two years contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting.

There have been no disagreements with Jackson & Rhodes on any matter of accounting principles or practices, financial statement disclosures or auditing scope or procedure during the Registrant's most recent fiscal year or in the subsequent interim period through June 7, 2002 (the date of resignation) which disagreement(s), if not resolved to Jackson & Rhodes' satisfaction, would have caused Jackson & Rhodes to make reference to the subject matter of the disagreement(s) in connection with its report.

Jackson & Rhodes did not advise the Registrant during the Registrant's most recent fiscal year or in the subsequent interim period through June 7, 2002 (the date of resignation).

that the internal controls necessary for the Registrant to develop reliable financial statements did not exist;

that information had come to its attention that had led it to no longer be able to rely on management's representations, or that had made it unwilling to be associated with the financial statements prepared by management'

(i) of the need to expand significantly the scope of its audit, or that information had come to its attention during the two most recent fiscal years or any subsequent interim period that if further investigated might (a) materially have impacted the fairness or reliability of either a previously issued audit report or the underlying financial statements, or the financial statements issued or to be issued covering the fiscal period(s) subsequent to the date of the most recent financial statements covered by an audit report or (b) have caused it to be unwilling to rely on management's representations or be associated with the Registrant's financial statements, and (ii) it did not, due to its resignation or for any other reason, expand the scope of its audit or conduct such further investigation; or

(i) that information had come to its attention that it had concluded materially impacts the fairness or reliability of either" (a) a previously issued audit report or the underlying financial statements, or (b) the financial statements issued or to be issued covering the fiscal period(s) subsequent to the date of the most recent financial statements covered by an audit report.

The Registrant has requested Jackson & Rhodes to provide a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements set forth above. A copy of Jackson & Rhodes' letter to the Securities and Exchange Commission is filed as Exhibit 16 to the Form 8-K.

Jackson & Rhodes was authorized by the Registrant to respond fully to the inquiries of Whitley Penn.

Whitley Penn has been engaged by the Registrant as its new independent principal accountant to audit the Registrant's financial statements.

Prior to engaging Whitley Penn, the Registrant has not consulted with Whitley Penn during the Registrant's most recent fiscal year or in the period since the end of the most recent fiscal year, in any matter regarding either (a) 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 Registrant's financial statements, and neither a written report nor oral advice was provided to the Registrants that Jackson & Rhodes concluded was an important factor considered by the Registrant in reaching a decision as to an accounting, auditing or financial reporting issue; or (b) any matter that was the subject of either a disagreement or any other event described above.

Item 7. EXHIBIT INDEX

16.1 Letter from Jackson & Rhodes P.C. regarding Change in Certifying Accountant.

SIGNATURES

Pursuant to the requirement of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Electric & Gas Technology, Inc.

_______________________________________

S. Mort Zimmerman

(President and Chairman of the Board)

Date: June 7, 2002

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