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) : AUGUST 5, 2003
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COMMISSION FILE NO. 000-49698
AERO MARINE ENGINE, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA 98-0353007
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(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
23960 MADISON STREET, TORRANCE, CALIFORNIA 90505
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(310) 791-4642
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(ISSUER TELEPHONE NUMBER)
FORMER NAME AND ADDRESS
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PRINCETON VENTURES, INC.
SUITE 502, 595 HOWE SRTEET
VANCOUVER, BRITISH COLUMBIA, CANADA V6C 2T5
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Effective August 5, 2003, the client-auditor relationship between Aero
Marine Engine, Inc., formerly Princeton Ventures, Inc. (the "Company") and
Morgan & Company, Chartered Accountants, a Professional Accountancy Corporation
("Morgan") ceased as the former accountant was dismissed. On August 6, 2003,
the Company engaged Epstein, Weber & Conover, PLC as its principal independent
public accountant.
Epstein, Weber & Conover, PLC is succeeding Morgan. Morgan's report on the
balance sheet of the Company as of June 30, 2002 and 2001, and the statements
of loss and deficit accumulated during the exploration stage, cash flows, and
stockholders' equity for the year ended June 30, 2002, for the period from May
10, 2001 to June 30, 2001, and for the period from May 10, 2001 (date of
inception) to June 30, 2002 and any later interim period up to and including
the date the relationship with Morgan ceased did not contain any adverse
opinion or disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope or accounting principles except as it relates to the
auditors' issuance of a going concern opinion on the financial statements for
the year ended June 30, 2002.
In connection with the audit of the Company's two most recent fiscal years
ending June 30, 2002 and any later interim period, including the interim period
up to and including the date the relationship with Morgan ceased, there have
been no disagreements with Morgan on any matters of accouting priciples or
practices, financial statement disclosure of auditing scope or procedure, which
disagreement(s), if not resolved to the satisfaction of Morgan would have caused
Morgan to make reference to the subject matter of the disagreement(s) in
connection with its report on the Company's financial statements. Since the
Company's incorporation on May 10, 2001, there have been no reportable events as
defined in Item 301(a)(1)(v) of Regulation S-K.
The Company has authorized Morgan to respond fully to any inquiries of any new
auditors hired by the Company relating to their engagement as the Company's
independent accountant. The Company has requested that Morgan review the
disclosure and Morgan has been given an opportunity to furnish the Company
with a letter addressed to the Commission containing any new information,
clarification of the Company's expression of its views, or the respect in
which it does not agree with the statements made by the Company herein. Such
letter is filed as an exhibit to this Report.
The Company has not previously consulted with Epstein, Weber & Conover, PLC
regarding either (i) the application of accounting principles to a specified
transaction, either completed or proposed; or (ii) the type of audit opinion
that might be rendered on the Company's financial statements; or (iii) any
matter that was either the subject matter of a disagreement (as defined in Item
304(a)(1)(iv) of Regulation S-K and the related instructions) between the
Company and Morgan, the Company's previous independent accountant, as there were
no such disagreements or an other reportable event (as defined in Item
304(a)(1)(v) of Regulation S-K) from the Company's incorporation on May 10,
2001 through June 30, 2002 and any later interim period, including the interim
period up to and including the date the relationship with Morgan ceased.
Neither has the Company received any written or oral advice concluding there was
an important factor to be considered by the Company in reaching a decision as to
an accounting, auditing, or financial reporting issue. Epstein, Weber &
Conover, PLC has reviewed the disclosure required by Item 304(a) before it was
filed with the Commission and has been provided an opportunity to furnish the
Company with a letter addresssed to the Commission containing any new
information, clarification of the Company's expression of its views, or the
respects in which it does not agree with the statements made by the Company in
response to Item 304(a). Epstein, Weber & Conover, PLC did not furnish a letter
to the Commission.
c) Exhibits:
15.1(*) LETTER FROM MORGAN & COMPANY, CHARTERED ACCOUNTANTS
* FILED HEREIN
Signatures
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AERO MARINE ENGINE, INC.
August 6, 2003
/s/ Garth S. Bailey
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Garth S. Bailey
Chief Executive Officer