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EX-16.1 - LETTER FROM HOLTZ RUBENSTEIN REMINICK LLP - Mobiquity Technologies, Inc.ace_8k-ex1601.htm


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


Date of Report (Date of earliest event reported): October 27, 2010 (October 25, 2010)

Ace Marketing & Promotions, Inc.
(Exact name of registrant as specified in its charter)

New York
 
000-51160
 
11-3427886
(state or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification Number)

457 Rockaway Avenue, Valley Stream NY
 
11581
(address of principal executive offices)
 
(zip code)

(516) 256-7766
(registrant’s telephone number, including area code)

Not Applicable
(former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 
 
 
 
FORWARD LOOKING STATEMENTS


ITEM 4.01  Changes in Registrant’s Certifying Accountant

(1) Previous Independent Auditors:

a.
On October 25, 2010, the Company dismissed our independent registered auditor, Holtz Rubenstein Reminick LLP of Melville New York (“HRR”).
b.
HRR’s report on the financial statements for the years ended December 31, 2009 and 2008 contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to audit scope or accounting.
c.
Our Board of Directors participated in and approved the decision to change independent accountants. Through the period covered by the financial audit for the years ended December 31, 2009 and 2008 and including its review of financial statements of the quarterly periods through June 30, 2010 and the interim period through October 25, 2010, there have been no disagreements with HRR on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of HRR would have caused them to make reference thereto in their report on the financial statements.
d.
During the most recent review periods, subsequent to June 30, 2010 (through October 25, 2010), there have been no reportable events with us as set forth in Item 304(a)(i)(v) of Regulation S-K.
e.
We requested that HRR furnish us with a letter addressed to the SEC stating whether or not it agrees with the above statements.  A copy of such letter is filed as an Exhibit to this Form 8-K.

 (2) New Independent Accountants:

a.
We engaged Peter Messineo, CPA of Palm Harbor Florida, as our new independent registered auditor on October 25, 2010.
b.
Prior to October 25, 2010, we did not consult with  Mr. Messineo regarding (i) the application of accounting principles, (ii) the type of audit opinion that might be rendered by Mr. Messineo, or (iii) any other matter that was the subject of a disagreement between us and our former auditor or was a reportable event (as described in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-B, respectively).


ITEM 9.01  Financial Statements and Exhibits.

(a)  Financial statements of business acquired:
 
   None

(d)  Exhibits
  
NUMBER
EXHIBIT
16.1
Letter from Holtz Rubenstein Reminick LLP regarding Change in Certifying Accountant. (Filed herewith.)

 
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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 hereunto duly authorized.
 
  
 
ACE MARKETING & PROMOTIONS, INC.
   
   
Dated:  October 27, 2010
/s/ Dean L. Julia
 
Dean L. Julia
 
Chief Executive Officer
   
 
 
 
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