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 25, 2014
ARROW CARS INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Florida 000-55002 99-0374918
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
Calle del Escritor Herrara Santaolalla, No. 2
Churriana, Malaga, Spain 29140
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (0034) 952623297
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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communication pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.133-4(c))
ITEM 4.01. CHANGE OF REGISTRANT'S CERTIFYING ACCOUNTANT.
DISMISSAL OF LABROZZI & CO., P.A.
The Public Company Accounting Oversight Board ("PCAOB") has recently issued
an order which, among other things, revoked the PCAOB registration of Labrozzi &
Co., P.A. ("Labrozzi"), the prior independent registered public accounting firm
for Arrow Cars International, Inc. ("Company"), so that Labrozzi can no longer
serve as the Certifying Accountant for any publicly held company. As a result of
that revocation, the Company can no longer include the audit report and consent
of Labrozzi in our future filings and other reports with the Securities and
Exchange Commission. In light of the foregoing actions by the PCAOB, the Company
deems that Labrozzi has resigned as the Company's independent registered public
accounting firm.
Labrozzi's report on the Company's financial statements for the past two
years did not contain an adverse opinion or a disclaimer of opinion, and was not
qualified or modified as to uncertainty, audit scope, or accounting principles
with the exception that Labrozzi's Audit Reports dated December 31, 2012 and
December 31, 2011, contained an explanatory note which raised substantial doubt
as to the ability of the Company to continue as a going concern. During the
Company's two most recent fiscal years and any subsequent interim period for
which a review report was provided preceding the termination of Labrozzi, the
Company did not have any disagreements with Labrozzi 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 Labrozzi,
would have caused it to make reference to the subject matter of the
disagreements in connection with its report.
The Company provided Labrozzi with a copy of the disclosures set forth in
this Current Report on Form 8-K, and requested that Labrozzi furnish the Company
with a letter addressed to the SEC stating whether it agrees with the statements
made by the Company herein. As of the time of this filing, we have not received
the signed letter from Labrozzi. We will file such letter as an exhibit once we
file an amendment to this Current Report on Form 8-K.
NEW INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Company has engaged Salberg & Company, P.A. as our independent
registered public accounting firm to audit our financial statements. Such
engagement was approved by the Company's Board of Directors. The Company does
not have an audit committee.
During our two most recent fiscal years and the subsequent interim period
prior to retaining Salberg & Company, P.A., (1) we did not consult Salberg &
Company, P.A. regarding (a) either the application of accounting principles to a
specified transaction, whether completed or proposed, or the type of audit
opinion that might be rendered on our financial statements, or (b) any matter
that was the subject of a disagreement or a reportable event as set forth in
Item 304(a)(1)(iv) and (v), respectively, of Regulation S-X, and (2) Salberg &
2
Company, P.A. did not provide us with a written report or oral advice that they
concluded was an important factor considered by us in reaching a decision as to
any accounting, auditing or financial reporting issue.
The engagement of Salberg & Company, P.A. was effective February 27, 2014.
This change in our certifying accountant may delay the filing of our Form
10-K Annual Report, which is due to be filed with the Securities and Exchange
Commission on March 31, 2014.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: February 28, 2014
ARROW CARS INTERNATIONAL, INC.
By: /s/ Jeremy D. Harris
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Jeremy D. Harris
President
