8-K 1 isemploy8k070102.txt SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ----------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 July 1, 2002 Date of Report (Date of earliest event reported) ISEmployment.com, Inc. (Exact name of registrant as specified in its charter) Wyoming 000-28611 86-0970152 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 203-380 Pelissier Street Windsor, Ontario, Canada N9A 6W8 (Address of principle executive offices) (Zip Code) (519) 258-8318 Registrant's telephone number, including area code N/A (Former name or former address, if changed since last report) ================================================================================ Item 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT (a) Information required by item 304(a)(1) of Regulation S-K. (i) On July 1, 2002, Levitz, Zacks & Ciceric notified the Registrant that it had resigned. (ii) The reports of Levitz, Zacks & Ciceric on the consolidated financial statements of the Registrant as of September 30, 2000 and September 30, 2001, and for the years then ended, contain no adverse opinion or disclaimer of opinion and were not qualified or modified as to audit scope or accounting principle except that the report contained an explanatory paragraph that raised substantial doubt about the Registrant's ability to continue as a going concern. (iii) The decision to change accountants was recommended by the Audit Committee of the Registrant's Board of Directors, and approved by the full Board of Directors of the Registrant. (iv) In connection with its audits for the two most recent fiscal years and through March 31, 2002, there have been no disagreements with Levitz, Zacks & Ciceric on any matter of accounting principle or practice, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of Levitz, Zacks & Ciceric would have caused Levitz, Zacks & Ciceric to make reference thereto in their report on the financial statements for such years. (v) During the two most recent fiscal years and through March 31, 2002 there have been no reportable events (as defined in regulation S-K Item 304(a)(1)(v)). (b) [New Accountants?] ----------------------------------------------------------------------- (c) The Registrant has requested that Levitz, Zacks & Ciceric provide it with a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of such letter, dated July 8, 2002, is filed as Exhibit 16 to this Form 8-K. Item 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Not Applicable. (b) Not Applicable. (c) Exhibits. Exhibit Description ------- ----------------------------------------------------- 16 Letter, dated July 8, 2002, from Levitz, Zacks & Ciceric (filed herewith). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 9, 2002 ISEmployment.com, Inc. By: /s/ SCOTT MURRAY --------------------------------- Scott Murray (Principal Financial and Accounting Officer) INDEX TO EXHIBITS Exhibit Description ------- ----------------------------------------------------- 16 Letter, dated July 8, 2002, from Levitz, Zacks & Ciceric (filed herewith).

Amount of Common Stock Beneficially Owned Percent of Common Stock Beneficially Owned (1) ----------------------------------------- ---------------------------------------------- Directors and Officers Frank Ulakovich 200,000 33% Scott Murray 200,000 33%

Name Age Position ---- --- --------- Scott F. Murray 30 President, Co-CEO and Treasurer Frank Ulakovich 29 Chairman of the Board, Co-CEO and Secretary

ASSETS Current Assets: Cash $ 2,037 --------- Total current assets 2,037 Deposits 8,442 --------- Total assets $ 10,479 ========= LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable $ 10,200 Advances payable 42,147 141,041 Loans payable --------- Total current liabilities 163,388 --------- Stockholders' Deficit: Common stock; $.0001 par value; 10,000,000 shares authorized; 2,000,000 shares issued and outstanding 200 Receivable for common stock (200) Deficit accumulated during the development stage (152,909) --------- Total stockholders' deficit (152,909) --------- Total liabilities and stockholders' deficit $ 10,479 =========

System development costs $ 140,136 General and administrative costs 12,773 ---------- Loss before income taxes 152,909 Income taxes -0- ---------- Net loss $ 152,909 ========== $ .08 Basic and diluted loss per share ========== 2,000,000 Weighted average basic and diluted shares outstanding ==========

Receivable for Common Stock -------------- Common Total Date Shares Amount Stock Deficit Retained ------------- ------------- ------------ ----------- ---------- ---------- Sale of stock for receivable March 7, 2000 2,000,000 $ 200 $(200) $ -0- $ -0- Net loss for the period from March 7, 2000 to April 30, 2000 (152,909) (152,909) ---------- ------ -------- -------- -------- Balance, April 30, 2000 2,000,000 $ 200 $ (200) $(152,909) $(152,909) ========== ====== ======== ========= =========

Magical ISEmploy- Pro-Forma Marketing ment.com Adjustments Historical Historical (Note 2) Combined --------------- --------------- -------------- ----------- Current Assets: Cash $ $ 2,037 $ 2,037 ----------- ----------- ----------- Total current assets 2,037 2,037 Deposits 8,442 8,442 ----------- ----------- ----------- Total assets $ $ 10,479 $ 10,479 =========== =========== =========== Current Liabilities: Accounts payable $ $ 10,200 $ 10,200 Advances payable 42,147 42,147 Loans payable 111,041 111,041 ----------- ----------- ----------- Total current liabilities 163,388 163,388 ----------- ----------- ----------- Stockholders' Deficit: Common stock 1,000 200 $ (600) 600 Paid-in capital 955 (1,355) (400) Receivable for common stock (200) (200) Deficit accumulated during the development stage (1,955) (152,909) 1,955 (152,909) ----------- ----------- ---------- ----------- Total stockholders' deficit (152,909) -0- (152,909) ----------- ----------- ---------- ----------- Total liabilities and stockholders' deficit $ $ 10,479 $ -0- $ 10,479 =========== =========== ========== ===========

Magical ISEmploy- Pro-Forma Marketing ment.com Adjustments Historical Historical (Note 2) Combined --------------- --------------- -------------- ---------- Systems development costs $ $ 140,136 $ 140,136 General and administrative costs 12,773 12,773 ----------- ----------- ----------- Loss before income taxes 152,909 152,909 Income taxes ----------- ----------- ----------- Net loss $ $ 152,909 $ 152,909 =========== =========== =========== Basic and diluted loss per share $ $ .08 $ .25 =========== ============= =============

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