UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 14, 2006
Commission File Number 001-15977
Tiger Telematics, Inc.
(Exact name of registrant as specified in its charter)
Delaware 13-4051167
(State or other jurisdiction of (IRS Employer
Incorporation or organization) Identification Number)
550 Water Street Suite 937 32202
Jacksonville, FL
(Address of principal executive offices) (Zip Code)
(904) 279-9240
(Registrant's telephone number, including area code)
Item 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On June 14, 2006 Goldstein Golub Kessler LLP ("GGK") resigned as Independent
certified public accountants for Tiger Telematics, Inc. ("the
Company"). GGK cited as its reasons for resigning (i)the company's inability to
complete its investigation of certain former officers and directors due to a
lack of funds, (ii)questions about management integrity, (iii)lack of a current
engagement letter, and (iv) amounts outstanding to GGK. GGK's letter to the
Company is included as an Exhibit to this filing.
GGK's report on the consolidated financial statements for the year ended
December 31, 2003 and 2002 did not contain an adverse opinion or disclaimer of
opinion and was not modified as to audit scope or accounting principles;
however, the report for the year ended December 2004 contained an explanatory
paragraph relating to substantial doubt regarding the uncertainty of the
Company's ability to continue as a going concern. That report further disclosed
material weaknesses in internal controls over financial reporting under Section
404 of the Sarbanes-Oxley Act in Management's Report on Internal Control over
Financial Reporting in the Company's Annual Report on Form 10-K for the year
ended December 31, 2004. For additional information regarding Management's
Report on Internal Control over Financial Reporting, see the Company's Annual
Report on Form 10-K for the year ended December 31, 2004, which is incorporated
by reference herein. GGK's opinion stated that the company did not maintain
effective internal control over financial reporting as of December 31, 2004.
Further, in connection with its audits of the company's consolidated financial
statements for the years ended December 31, 2004, 2003, and 2002 and the
subsequent interim periods immediately preceding the date of GGK's resignation,
the Company had no disagreements with GGK on any matter of accounting principles
or practice, financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of GGK, would have
caused them to make a reference to the subject matter of the disagreements in
connection with their reports on consolidated financial statements of the
Company.
GGK has furnished to the Company a letter addressed to the Securities and
Exchange Commission stating whether or not GGK agrees with the statements made
by the Company herein. A copy of such letter, dated July 14, 2006, is attached
as an Exhibit to this report.
Item 9.01. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit 9.1.
GGK resignation letter dated June 14, 2006.
Exhibit 9.2
GGK letter addressed to the Securities and Exchange
Commission stating whether or not GGK agrees with statements made by the Company
herein.
SIGNATURES
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, thereunto duly authorized.
TIGER TELEMATICS, INC.
(Registrant)
/S/ Michael W. Carrender Chief Executive Officer July 14, 2006
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Michael W. Carrender