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) March 4, 2002
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NUWAY ENERGY, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 33-43423 65-0159115
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
formation)
19100 Von Karman Avenue, Suite 450, Irvine CA 92612
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (949) 553-8002
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(Former name or former address, if changed since last report)
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) March 4, 2002
----------------------
NuWay Energy, Inc.
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 33-43423
65-0159115
--------------------------------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
formation)
19100 Von Karman Ave, Ste 450 Irvine, CA 92612
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (949) 553-8002
---------------------------------------------
--------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant.
On March 4, 2002, Hein + Associates LLP ("Hein"), resigned as the
Registrant's independent auditors. Hein never commenced an audit, and therefore
never issued an opinion on the Registrant's year-end financial statements.
During the period from January 22, 2002 (date Hein was engaged) through
the date of Hein ceasing its engagement, the Registrant did not have any
disagreements with Hein 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 Hein would have caused
that firm to make reference to the subject matter thereof in connection with its
report.
Hein had not yet commenced audit procedures on the December 31, 2001
financial statements as of the date of their resignation. However, prior to
their resignation, Hein had advised the Registrant that based on their reading
of the December 31, 2000, financial statements, such prior year financial
statements would require restatement. In addition, based upon a preliminary
review of an appraisal of certain assets in South America performed for the
Peruvian government, Hein advised the Registrant that it appeared likely the
South American assets may be materially impaired.
Attached as Exhibit 16.1 to this Form 8-K is a letter from Hein
acknowledging it agreement with the statements contained herein.
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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.
NUWAY ENERGY, INC.
Dated: March 8, 2002 By: /s/ TODD SANDERS
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Todd Sanders
President
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