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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: bob sims who wrote (1810)	6/7/1999 2:27:00 PM
From: Janice Shell	Respond to of 7056

E&Y only withdrew their opinion on the 10-k for '96. The bloomberg release was completely incorrect and misconstrued. No it wasn't. What is it about the following that you don't understand? Please note that this is what HITT had to say; I'd be most interested in reading the "notification" sent to them by Ernst & Young. The Company has requested the permission of the Securities and Exchange Commission to withdraw its amended Annual Report for the year ended December 31, 1997 and its Annual Report for the year ended December 31, 1998, both of which were filed on May 26, 1999. On the day following the filing of these annual reports, the Registrant was notified that the predecessor auditor, who reported on the financial statements of the Company for the year ended 1996, would not permit its audit report to be associated with any filing of the Registrant. The reason given by the predecessor auditor was the voluntary disclosure of certain matters by the Registrant regarding Mr. Dorian Reed, a principal stockholder, in its Annual Report for the year ended December 31, 1998. The Company has also requested the permission of the Securities and Exchange Commission to re-file its amended Annual Report for the year ended December 31, 1997 and its Annual Report for the year ended December 31, 1998 without any audit report for the 1996 fiscal year. edgar-online.com.