8-K/A

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 8-K/A
                               (Amendment No. 1)

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): May 1, 2001


                          Performance Industries, Inc.
             (Exact name of registrant as specified in its charter)


           Ohio                          01-11331                34-1334199
(State or other Jurisdiction           (Commission             (IRS Employer
     of Incorporation)                   File No.)           Identification No.)


                              7740 E. Gelding Drive
                           Scottsdale, Arizona 85260
        (Address of Registrant's Principal Executive Offices) (Zip Code)


                                 (480) 951-1705
              (Registrant's telephone number, including area code)

ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

1.   On February 28, 2001 the Company  notified Mc Gladery & Pullen,  LLP,  that
     they  would  no  longer  be  the  auditors  for  the  Registrant.   Michael
     Maastricht, C.P.A. was appointed as the Registrant's new auditor.

2.   The  auditor's  report  from Mc  Gladery & Pullen,  LLP for the year  ended
     December  31,  1999 was  modified  due to the  inability  to  obtain  audit
     evidence  for real  estate  held  for sale in  Mexico  and a  related  note
     payable.

     The audit report on the 1998 financial  statements from Toback CPAs, PC 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.

3.   The  decision  to  terminate  Mc  Gladery &  Pullen,  LLP and  engage  Mike
     Maastricht C.P.A. was approved by the board of directors.

4.   During the  Registrant's  two most recent  fiscal years and the  subsequent
     interim period  proceeding the change there has been no disagreements  with
     Toback  CPA's or Mc  Gladery &  Pullen,  LLP on any  matter  of  accounting
     principles or practices,  financial statement disclosure, or auditing scope
     or procedure.

5.   There was no  consultation  with the new auditors  prior to  engagement  in
     regard to application of generally accepted accounting principles.

6.   The registrant  has requested Mc Gladery & Pullen,  LLP to furnish a letter
     addressed to the Commission  stating  whether it agrees with the statements
     made in this  Item.  Such a letter is  included  as exhibit 16 to this Form
     8-K.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     (c)  EXHIBITS

          16   Letter from McGladrey & Pullen, LLP

                                   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 of the
undersigned thereunto duly authorized.


                                            Performance Industries


Date: July 12, 2001                         By: /s/ Joe Hrudka
                                                -----------------------------
                                                Joe Hrudka
                                                President


Date: July 12, 2001                         By: /s/ Ed Fochtman
                                                ------------------------------
                                                Ed Fochtman
                                                Chief Financial Officer

EX-16

                                                                      Exhibit 16


April 27, 2001

Securities and Exchange Commission
Washington, D.C.  20549

Gentlemen:

We were previously the independent accountants for Performance Industries,  Inc.
and on March 22, 2000 we reported on the  consolidated  financial  statements of
Performance  Industries,  Inc.  and  subsidiaries  as of and for the year ending
December 31, 1999. On February 28, 2001 Performance Industries, Inc. informed us
that  we  will  no  longer  be  the  independent   accountants  for  Performance
Industries,  Inc. We have read Performance Industries,  Inc. statements included
under Item 4 of its Form 8 K and we agree with such statements.


/s/ McGladrey & Pullen, LLP

McGladrey & Pullen, LLP

Phoenix, Arizona