Form 8-K Innovative Designs, Inc.
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment to correct typographical error in Exhibit 16.1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: September 23, 2003
Innovative Designs, Inc.
(Exact Name of registrant as specified in its Charter)
Delaware 333-103746 03-0465528
(State of Incorporation) Commission File No. (IRS Employer
Identification No.)
223 North Main Street, Suite 1, Pittsburgh, Pennsylvania 15215
(Address of principal executive offices) (Zip Code)
Registrant's telephone number (412) 799-0350
All correspondence to:
Brenda Lee Hamilton, Esquire
Hamilton, Lehrer and Dargan P.A.
2 East Camino Real Suite, Suite 202
Boca Raton, Florida 33432
561-416-8956 Telephone
561-416-2855 Facsimile
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Pursuant to Item 304 of Regulation S-B the Registrant states:
(a) (1) On September 23, 2003, Innovative Designs, Inc. ("the Registrant")
changed accountants from Malone & Bailey, PLLC to Stark Winter Schenkein & Co.,
LLP.
(i) The Registrant decided to dismiss Malone & Bailey, PLLC as its
independent accountants;
(ii) Malone & Bailey, PLLC's reports on the financial statements were
not subject to an adverse or qualified opinion or a disclaimer of
opinion and were not modified as to uncertainty, audit scope or
accounting principles during the period from inception (June 25,
2002) to October 31, 2002 and the interim period through
September 23, 2003;
(iii)The decision to change accountants was approved by the
Registrant's Board of Directors; and
(iv) (A) During the period from inception (June 25, 2002) to October
31, 2002 and the interim period to September 23, 2003, there were
no disagreements with Malone & Bailey, PLLC related to accounting
principles or practices, financial statement disclosure or
auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of Malone & Bailey, PLLC, would have caused
Malone & Bailey, PLLC to make reference to the subject matter of
the disagreement in connection with its report.
(B) Not applicable;
(C) Not applicable;
(D) Not applicable; and
(E) Not applicable.
(2) On September 23, 2003, the Registrant engaged Stark Winter Schenkein &
Co., LLP as its independent accountants.
(i) The Registrant did not consult with Stark Winter Schenkein & Co.,
LLP, its new independent accountants, regarding any matter prior
to its engagement; and
(ii) Not applicable.
(3) The Registrant has provided to Malone & Bailey, PLLC, its former
accountants, a copy of the disclosures contained in this Item 4 and the
Registrant has requested a letter from Malone & Bailey, PLLC addressed
to the Commission, confirming the statements made by the Registrant in
this Item 4. A copy of such letter is attached hereto.
(b) Not applicable.
Item 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
(16.1) Letter from Malone & Bailey, PLLC pursuant to Item 304(a)(3) of
Regulation S-B
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 hereunto duly authorized.
Dated: September 23, 2003
Innovative Designs, Inc.
/s/ Joseph Riccelli
---------------
By: Joseph Riccelli
Title: Chief Executive Officer