-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L+DHGVfN10Sx/857VQOy4jgviyzCov1qLUT5emzBM5Q74uKEQeUKyxfyAhMvIdnA RNcEz0Mg0RgD7vs4rzcSWA== 0001094328-05-000136.txt : 20050611 0001094328-05-000136.hdr.sgml : 20050611 20050607171533 ACCESSION NUMBER: 0001094328-05-000136 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050606 ITEM INFORMATION: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review FILED AS OF DATE: 20050607 DATE AS OF CHANGE: 20050607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEXT GENERATION MEDIA CORP CENTRAL INDEX KEY: 0000356292 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-DIRECT MAIL ADVERTISING SERVICES [7331] IRS NUMBER: 880169543 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-74785-B FILM NUMBER: 05883476 BUSINESS ADDRESS: STREET 1: 8380 ALBAN RD CITY: SPRINGFIELD STATE: VA ZIP: 22150 BUSINESS PHONE: 7035169888 MAIL ADDRESS: STREET 1: 8380 ALBAN RD CITY: SPRINGFIELD STATE: VA ZIP: 22150 FORMER COMPANY: FORMER CONFORMED NAME: MICRO TECH INDUSTRIES INC DATE OF NAME CHANGE: 19970220 8-K 1 nextgen8k060705.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities and Exchange Act of 1934 Date of Report (Date of earliest event reported) June 6, 2005 NEXT GENERATION MEDIA, CORP. (Name of Small Business issuer in its charter) Nevada 000-33039 88-0169543 (State or other jurisdiction of (Commission file No.) (IRS Employer incorporation or organization) Identification No.) 7644 Dynatech Court, Springfield, Virginia 22153 (Address of principal executive offices including zip code) (703) 644-0200 (Registrant's telephone number including area code) ITEM 4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW On June 6, 2005, the Company issued five amendments to previous filings: an amendment to March 31, 2004 Form 10-QSB, filed on May 5, 2004, an amendment to June 30, 2004 Form 10-QSB, filed on August 16, 2004, an amendment to September 30, 2004 Form 10-QSB, filed on November 16, 2004, an amendment to fiscal year-ended December 31, 2004 Form 10-KSB, filed on April 1, 2005 and an amendment to March 31, 2005 Form 10-QSB, filed on May 20, 2005. Each of the previously filed and above-listed documents should not be relied upon and the amendments thereto should be used exclusively in their place. In the filings, the current PCAOB (United States) auditor provided a defining footnote that provides the following, for each corresponding period: Form 10-QSB/A for the period ended March 31, 2004: The interim financial statements have been corrected to remove amortization of goodwill pursuant to SFAS No. 142. The cumulative effect was a $265,370 decrease in accumulated deficit and corresponding increase in intangibles through December 31, 2003. The correction resulted in an increase in net income and intangibles and a corresponding decrease in accumulated deficit of approximately $33,171 for the quarters ended March 31, 2004 and 2003. All prior periods presented have been restated to reflect the correction. Form 10-QSB/A for the period ended June 30, 2004: The cumulative effect of the correction to remove amortization of goodwill pursuant to SFAS No. 142 was a $265,370 decrease in accumulated deficit and corresponding increase in intangibles through December 31, 2003. All prior periods presented have been restated to reflect the correction. Form 10-QSB/A for the period ended September 30, 2004: The interim financial statements have been corrected to remove amortization of goodwill pursuant to SFAS No. 142. The cumulative effect was a $265,370 decrease in accumulated deficit and corresponding increase in intangibles through December 31, 2003. The correction resulted in an increase in net income and intangibles and a corresponding decrease in accumulated deficit of approximately $33,921 and $33,721 for the quarters ended September 30, 2004 and 2003. All prior periods presented have been restated to reflect the correction. Form 10-KSB/A for the fiscal-year ended December 31, 2004: The interim financial statements have been corrected to remove amortization of goodwill pursuant to SFAS No. 142. The cumulative effect was a $265,370 decrease in accumulated deficit and corresponding increase in intangibles through December 31, 2003. The correction resulted in an increase in net income and intangibles and a corresponding decrease in accumulated deficit of approximately $134,935 and $132,685 for the years ended December 31, 2004 and 2003. All prior periods presented have been restated to reflect the correction. Form 10-QSB/A for the period ended March 31, 2005: The cumulative effect of the correction to remove amortization of goodwill pursuant to SFAS No. 142 was a $400,304 decrease in accumulated deficit and corresponding increase in intangibles through December 31, 2004. All prior periods presented have been restated to reflect the correction. SIGNATURES Pursuant of 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. Dated: June 7, 2005 Next Generation Media, Corp. /s/ Darryl Reed Darryl Reed, Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----