UNITED STATES
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
JUNE 10, 2003
-------------
Date of Report (Date of earliest event reported)
PARAGON POLARIS STRATEGIES.COM INC.
-----------------------------------
(Exact name of registrant as specified in its charter)
NEVADA 000-33163 76-0609444
------ --------- ----------
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
Suite 1700, 1111 West Georgia Street
Vancouver, British Columbia, Canada V6E 4M3
-------------------------------------- --------
(Address of principal executive offices) (Zip Code)
604-681-1754
------------
Registrant's telephone number, including area code
NOT APPLICABLE
--------------
(Former name or former address, if changed since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Paragon Polaris Strategies.com Inc. (the "Company") has dismissed Janet Loss,
C.P.A., P.C. (the "Former Accountant") as principal independent accountant of
the Company effective June 10, 2003. The Company has engaged Dohan & Company,
Certified Public Accountants, as its principal independent accountant effective
June 10, 2003. The decision to change principal independent accountants has
been approved by the Company's board of directors.
The Former Accountant's report dated March 28, 2003 on the Company's balance
sheets as at December 31, 2002 and 2001, and statements of operations, cash
flows and stockholders' deficit for the periods ended December 31, 2002 and 2001
did not contain an adverse opinion or disclaimer of opinion, nor was it
qualified or modified as to uncertainty, audit scope, or accounting principles.
In connection with the audits of the two periods ended December 31, 2002 and
2001, there were no disagreements with the Former Accountant on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedures, which disagreements if not resolved to the satisfaction of
the Former Accountant would have caused them to make reference thereto in its
report on the financial statements for such year. The Former Accountant did not
advise the Company with respect to any of the matters described in paragraphs
(a)(1)(iv)(B)(1) through (3) of Item 304 of Regulation S-B.
The Company has provided the Former Accountant with a copy of the foregoing
disclosures and has requested in writing that the Former Accountant furnish it
with a letter addressed to the Securities and Exchange Commission stating
whether or not they agree with such disclosures. The Company has received the
requested letter from the Former Accountant and a copy of the letter has been
filed as an exhibit to this report in accordance with Item 601 of Regulation
S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit Description
------- --------------------------------------------------------------------
16.1 Letter of Former Auditor dated June 11, 2003
ITEM 8. CHANGE IN FISCAL YEAR
The Company announces that the board of directors of the Company has determined
to change the fiscal year of the Company from December 31 to June 30, effective
immediately. The change of fiscal year constitutes the adoption by the Company
of the fiscal year of Icoworks Inc., a Nevada corporation ("Icoworks"), the
Company's majority owned operating subsidiary that was acquired in a reverse
acquisition transaction on February 20, 2003. Icoworks is treated as the
acquirer for accounting purposes in the transaction effective as of May 1, 2002.
The Company's next Quarterly Report on Form 10-QSB will include financial
statements of the Company on a consolidated basis for the nine months ended
March 31, 2003.
2
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.
PARAGON POLARIS STRATEGIES.COM INC.
Date: June 11, 2003
By:
/s/ ROBERT FOO
------------------------
ROBERT FOO
President And Chief Executive Officer