U. S. 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
Date of Report (date of earliest event reported): February 4, 2004
T S Electronics, Inc.
(formerly known as Softstone Inc.)
(Exact name of registrant as specified in its charter)
Delaware
(State of Incorporation)
000-29523
(Commission File Number)
73-1564807
(IRS Employer I.D. Number)
111 Hilltop Lane
Pottsboro, TX 75076
(903) 786-9618
(Address and telephone number of registrant's principal
executive offices and principal place of business)
Item 4. Changes in Registrant's Certifying Accountant.
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On February 4, 2004 Kabani & Company, Inc. of Fountain Valley, California,
the principal independent accountants of TS Electronics, Inc., formerly
Softstone Inc., resigned. Kabani & Company had been engaged as TS Electronics'
and previously Softstone's principal independent accountants since September 5,
2002, when it replaced Hogan & Slovacek of Oklahoma City and Tulsa as
Softstone's principal independent accountants. See Softstone's Form 8-K filed
with the Commission on September 11, 2002 (Commission File No. 000-29523).
The report of Kabani & Company on the financial statements of TS
Electronics for its fiscal year ended June 30, 2003 contained no adverse
opinions or disclaimers of opinion, and, other than raising substantial doubt
about TS Electronics' ability to continue as a going concern for the fiscal year
ended June 30, 2003, were not otherwise modified as to uncertainty, audit scope,
or accounting principles during the period of its engagement (September 5, 2002)
to February 4, 2004, the date of resignation. Similarly, the reports of Kabani
& Company and Hogan & Slovacek on the financial statements of Softstone
contained no adverse opinions or disclaimers of opinion, and, other than raising
substantial doubt about Softstone's ability to continue as a going concern for
each of the fiscal years ended June 30, 2002 and 2001, were not modified as to
uncertainty, audit scope, or accounting principles during such past two years or
the interim period to February 4, 2004, the date of resignation.
During the past two years or interim periods prior to February 4, 2004,
there were no disagreements between TS Electronics or Softstone and either
Kabani & Company or Hogan & Slovacek, whether or not resolved, on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure which, if not resolved to Kabani & Company's or Hogan &
Slovacek's satisfaction, would have caused it to make reference to the subject
matter of the disagreements in connection with its reports.
TS Electronics provided Kabani & Company with a copy of the disclosures it
makes in this Form 8-K and requested Kabani & Company to furnish a letter
addressed to the Commission stating whether it agrees with the statements made
herein and, if not, stating the respects in which it does not agree. Such a
letter is not available at this time, although requested, and shall be filed
within two business days of receipt.
On February 4 2004, TS Electronics engaged Evans, Gaither & Associates,
PLLC of Oklahoma City, Oklahoma as its new principal accountant to audit its
consolidated financial statements.
Item 7. Financial Statements and Exhibits.
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(a) Financial Statements.
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None
(b) Exhibits.
Number Description
16 Letter of August 27, 2001 of Grant Thornton LLP agreeing
with the statements made in the Form 8-K filed on August 27,
2001 by Softstone Inc., concerning Softstone's change of principal
independent accountants.*
16.1 Letter of September 9, 2002 of Hogan & Slovacek agreeing with
the statements made in the Form 8-K filed on September 11, 2002 by
Softstone Inc., concerning Softstone's change of principal
independent accountants.**
* Previously filed by Softstone Inc. on August 27, 2001, Commission File No.
000-19523, EDGAR Accession Number 0001060830-01-500091; incorporated herein
by reference.
** Previously filed by Softstone Inc. on September 11, 2002, Commission File
No. 000-19523, EDGAR Accession Number 0001060830-02-000155; incorporated
herein by reference.
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.
TS Electronics, Inc.
February 5, 2004 By:/s/Keith P. Boyd
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Keith P. Boyd, President and Director