SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
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 03, 2003
SITESTAR CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 000-27763 88-0397234
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
7109 Timberlake Road
Lynchburg, VA 24502
(Address of principal executive offices) (Zip Code)
(434) 239-4272
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) By letter dated February 7, 2003, Sitestar Corporation (the "Company")
terminated Stonefield Josephson, Inc. as independent certified accountants for
the Company. The decision to change accountants was recommended by the Company's
Board of Directors.
The report of the Company's former independent certified accountants, Stonefield
Josephson Inc., covering the two fiscal years ended December 31, 2000 and 2001
did not include an adverse opinion or disclaimer of opinion, and was not
qualified as to the audit scope or accounting principles.
In connection with the audits of the two most recent fiscal years and during any
subsequent interim periods preceding the termination of Stonefield Josephson,
Inc., there did not develop any disagreement on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure between such former independent certified accountants and management
of the Company or other reportable events which have not been resolved to the
Company's former independent certified accountants' satisfaction. Stonefield
Josephson, Inc. had been the Company's independent certified accountants since
approximately February 2001.
The Company has requested Stonefield Josephson to furnish it with a letter
addressed to the Commission stating whether it agrees with the above statements.
Such letter is filed as an exhibit to this amended Report.
None of the reportable events described under 304(a)(1)(v) of Regulation S-K
occurred within the two most recent fiscal years ended December 31, 2001 and
December 31, 2000 and the subsequent interim period through February 10, 2003.
(b) As of February 3, 2003, the Company engaged McLeod & Company as the
Company's independent auditors to replace Stonefield Josephson, Inc. During the
most recent fiscal year of the Company ended December 31, 2001, and the
subsequent interim period through February 3, 2002, the Company did not consult
with McLeod and Company regarding any of the matters or events set forth in
Items 304(a)(2)(i) and (ii) of Regulation S-K of the Securities Exchange Act of
1934.
Item 7. Financial Statements and Exhibits
(c) Exhibits:
Exhibits Description
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16.1 Letter from Stonefield Josephson, Inc.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amended report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: March 6, 2003
SITESTAR CORPORATION
By: /s/ Frank Erhartic
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Name: Frank Erhartic
Title: Chairman