8-K 1 form8k031202.txt 8-K DATED MARCH 7, 2002 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 March 8, 2002 ------------- Date of report (Date of earliest event reported) BE SAFE SERVICES, INC. ---------------------- (Exact Name of Registrant as Specified in its Charter) DELAWARE -------- (State or Other Jurisdiction of Incorporation) 0-26239 11-3479172 ------------------------ ------------------------------------ (Commission File Number) (IRS Employer Identification No.) 1517 E. 7TH AVENUE, SUITE C, TAMPA, FLORIDA 33605 ------------------------------------------- ----------- (Address of Principal Executive Offices) (Zip Code) (813) 248,0096 ----------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) N/A ----------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 4: CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. On March 8, 2002, the Board of Directors of Be Safe Services, Inc. (the "Company") adopted a resolution changing its independent accountant from Weiss & Company, Certified Public Accountants (the "Former Accountant") to the firm of Aidman, Piser & Company, P.A. (the "New Accountant"). The action was taken principally because the Company had completed the acquisition of First National Data Bank, Inc. ("FNDB") and the Board decided it would be in the Company's best interest to utilize the services of an auditor located in close proximity to FNDB. During the fiscal year ended December 31, 2000 and 1999 and for the periods from inception on March 16, 1999 through December 31, 2000 and any subsequent interim period to the date of the dismissal (March 8, 2002), the Company had no disagreement with its Former Accountant on any matter of accounting principal or practice, financial statement disclosure or auditing scope or procedure which would have caused the Former Accountant to make reference in its report upon the subject matter of disagreement. The Former Accountant previously issued a report dated April 20, 2001 on the financial statements of the Company as of and for the year ended December 31, 2000 and 1999, and for the period from inception on March 16, 1999 through December 31, 2000. The report did not contain an adverse opinion or disclaimer of opinion or qualification as to audit scope or accounting principle. The Former Accountant's report did contain additional disclosure relating to uncertainty as to the Company's ability to continue as a going concern but did not contain any adjustment for the disclosed uncertainties. The Company has asked the Former Accountant to review this disclosure and has provided them the opportunity to furnish the Company with a letter addressed to the Commission containing any new information or clarification of the disclosure. ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. 16.1 Letter dated March 8, 2002, from Weiss & Company, Certified Public Accountants, to the Registrant regarding change of certifying accountant. 16.2 Letter dated March 8, 2002, from Weiss & Company, Certified Public Accountants regarding agreement with Item 4. 2 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 by the undersigned hereunto duly authorized. BE SAFE SERVICES, INC. Date: March 12, 2002 By: /s/ Terry Haynes ----------------------- Terry Haynes, CEO 3

FIRST NATIONAL DATA BANK, INC. (A DEVELOPMENT STAGE COMPANY) BALANCE SHEET AT SEPTEMBER 30, 2001 ASSETS CURRENT ASSETS Cash and cash equivalents $ 14,711 Accounts receivable 1,327 Inventory 17,300 Prepaid expenses 3,500 --------------------- Total current assets 36,838 --------------------- FURNITURE AND FIXTURES, net of depreciation of $5,855 48,664 --------------------- OTHER ASSETS Investment in joint venture - Goodwill, net of amortization of $3,200 36,800 Internet license 5,000 --------------------- Total other assets 41,800 --------------------- TOTAL ASSETS $ 127,302 ===================== LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $ 11,108 Payroll taxes payable 19,066 Salary payable 29,125 Notes payable 43,093 --------------------- Total current liabilities 102,392 --------------------- STOCKHOLDERS' EQUITY Common stock, $.0001 par value, 50,000,000 shares authorized, 5,181,380 shares issued and outstanding 518 Preferred stock, $.0001 par value, 50,000,000 shares authorized, zero shares issues and outstanding - Additional paid-in capital 190,528 Deficit accumulated during the development stage (166,136) --------------------- Total stockholders' equity 24,910 --------------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 127,302 =====================

FIRST NATIONAL DATA BANK, INC. (A DEVELOPMENT STAGE COMPANY) STATEMENT OF OPERATIONS FOR THE PERIOD APRIL 5, 2001 (INCEPTION) TO SEPTEMBER 30, 2001 REVENUES Equipment sales $ 49,755 Data storage 16,456 --------------------- TOTAL REVENUES 66,211 --------------------- COST OF GOODS SOLD Equipment costs 24,056 Data storage and billing costs 8,774 --------------------- TOTAL COST OF GOODS SOLD 32,830 --------------------- GROSS PROFIT 33,381 --------------------- OPERATING EXPENSES Salaries and wages 135,658 Contract labor 21,700 Rent 8,536 Professional fees 6,561 Tax and licenses 5,415 Telephone 3,245 Other 18,402 --------------------- TOTAL OPERATING EXPENSES 199,517 --------------------- NET LOSS $ (166,136) =====================

FIRST NATIONAL DATA BANK, INC. (A DEVELOPMENT STAGE COMPANY) STATEMENT OF CASH FLOWS FOR THE PERIOD APRIL 5, 2001 (INCEPTION) TO SEPTEMBER 30, 2001 CASH FLOWS FROM OPERATING ACTIVITIES Net loss $ (166,136) --------------------- Adjustments to reconcile net loss to cash (used) in operating activities: Common stock issued for services 5,250 Depreciation and amortization 9,055 Contributed services 20,000 (Increase) decrease in assets: Accounts receivable (1,327) Inventory (17,300) Prepaid expenses (3,500) Increase (decrease) in liabilities: Accounts payable and accrued expenses 59,299 --------------------- Total adjustments 71,477 --------------------- Net cash (used) in operating activities (94,659) --------------------- CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of furniture & fixtures (44,519) Goodwill (40,000) Internet license (5,000) --------------------- Net cash (used) in investing activities (89,519) --------------------- CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from promissory notes 43,093 Issuance of common stock 155,796 --------------------- Net cash provided by financing activities 198,889 --------------------- NET INCREASE IN CASH 14,711 CASH, BEGINNING OF PERIOD - --------------------- CASH, END OF PERIOD $ 14,711 ===================== SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: Cash paid for interest $ - ===================== Cash paid for income taxes $ - ===================== SUPPLEMENTAL DISCLOSURE OF A NONCASH INVESTING AND FINANCING ACTIVITY: First National issued 40,000 shares of its common stock valued at $10,000 in conjunction with an equipment contribution from an officer of First National.

FIRST NATIONAL DATA BANK, INC. (A DEVELOPMENT STAGE COMPANY) STATEMENT OF STOCKHOLDERS' EQUITY FOR THE PERIOD APRIL 5, 2001 (INCEPTION) TO SEPTEMBER 30, 2001 DEFICIT ACCUMULATED ADDITIONAL DURING THE COMMON STOCK PAID-IN DEVELOPMENT SHARES AMOUNT CAPITAL STAGE TOTAL -------------- -------------- ----------------- ------------------- ----------------- BALANCE APRIL 5, 2001 - $ - $ - $ - $ - Common stock sales 4,621,000 462 30,489 - 30,951 Common stock issued for services promissory notes 447,380 45 111,800 - 111,845 Common stock issued for services liability conversion 52,000 5 12,995 - 13,000 Common stock issued for services equipment contribution 40,000 4 9,996 - 10,000 Common stock issued for services 21,000 2 5,248,998 - 5,250 Contributed services - - 20,000 - 20,000 Net loss for the period - - - (166,136) (166,136) -------------- -------------- ----------------- ------------------- ----------------- BALANCE SEPTEMBER 30, 2001 5,181,380 $ 518 $ 190,528 $ (166,136) $ 24,910 ============== ============== ================= =================== =================

BE SAFE SERVICES, INC., AND FIRST NATIONAL DATA BANK, INC. UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET AT SEPTEBMER 30, 2001 Proforma Be Safe First National Proforma Condensed ASSETS Services Data Bank Adjustments Combined -------------- ----------------- ------------------ ---------------- CURRENT ASSETS Cash $ 19,228 $ 14,711 $ - $ 33,939 Accounts & note receivable 8,509 1,327 - 9,836 Inventory - 17,300 - 17,300 Prepaid expenses - 3,500 - 3,500 -------------- ----------------- ------------------ ---------------- Total current assets 27,737 36,838 - 64,575 -------------- ----------------- ------------------ ---------------- FURNITURE AND FIXTURES, net - 48,664 - 48,664 -------------- ----------------- ------------------ ---------------- OTHER ASSETS Investment in joint venture - - - - Goodwill, net 6,441 36,800 - 43,241 Internet license - 5,000 - 5,000 -------------- ----------------- ------------------ ---------------- Total other assets 6,441 41,800 - 48,241 -------------- ----------------- ------------------ ---------------- TOTAL ASSETS $ 34,178 $ 127,302 $ - $ 161,480 ============== ================= ================== ================ LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES Accounts payable and accrued expenses $ 42,751 $ 59,299 $ - $ 102,050 Notes payable 6,187 43,093 - 49,280 -------------- ----------------- ------------------ ---------------- Total current liabilities 48,938 102,392 - 151,330 -------------- ----------------- ------------------ ---------------- STOCKHOLDERS' EQUITY Common stock 454 518 a (518) 1,051 b 597 Additional paid-in capital 10,422 190,528 a 518 175,235 b (597) c (25,636) Retained deficit (25,636) (166,136) c 25,636 (166,136) -------------- ----------------- ------------------ ---------------- Total stockholders' equity (deficit) (14,760) 24,910 - 10,150 -------------- ----------------- ------------------ ---------------- TOTAL LIABILITIES & STOCK- HOLDERS' EQUITY DEFICIT) $ 34,178 $ 127,302 $ - $ 161,480 ============== ================= ================== ================

BE SAFE SERVICES, INC. AND FIRST NATIONAL DATA BANK, INC. UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS FOR THE PERIOD ENDED SEPTEMBER 30, 2001 Proforma First National Proforma Condensed Be Safe Services Data Bank Adjustments Combined ------------------ ---------------- ------------------- ----------------- REVENUES $ 2,336 $ 66,211 $ - $ 68,547 COST OF GOODS SOLD - 32,830 - 32,830 ------------------ ---------------- ------------------- ----------------- GROSS PROFIT 2,336 33,381 - 35,717 OPERATING EXPENSES 8,499 199,517 - 208,016 ------------------ ---------------- ------------------- ----------------- LOSS BEFORE OTHER INCOME (EXPENSES) (6,163) (166,136) - (172,299) ------------------ ---------------- ------------------- ----------------- OTHER INCOME Interest income 11 - - 11 ------------------ ---------------- ------------------- ----------------- TOTAL OTHER INCOME (EXPENSE) 11 - - 11 ------------------ ---------------- ------------------- ----------------- NET LOSS BEFORE TAXES (6,152) (166,136) - (172,288) PROVISION FOR FRANCHISE TAXES 747 - - 747 ------------------ ---------------- ------------------- ----------------- NET LOSS $ (6,899) $ (166,136) $ - $ (173,035) ================== ================ =================== ================= NET LOSS PER COMMON SHARE (BASIC & DILUTED) $ (.02) ================= WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 10,510,500 =================

BE SAFE SERVICES, INC., AND FIRST NATIONAL DATA BANK, INC. UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF STOCKHOLDERS' EQUITY FOR THE PERIOD ENDED SEPTEMBER 30, 2001 Additional Paid-in Retained Shares Amount Capital Deficit Total --------------- ------------- --------------- --------------- --------------- BALANCE, JANUARY 1, 2001 4,535,000 $ 454 $ 10,422 $ (18,737) $ (7,861) Issuance of shares in exchange for common shares of Data Bank 5,975,500 597 164,813 25,636 191,046 Loss for the period 9/30/01 - - - (173,035) (173,035) --------------- ------------- --------------- --------------- --------------- BALANCE, SEPTEMBER 30, 2001 10,510,500 $ 1,051 $ 175,235 $ (166,136) $ 10,150 =============== ============= =============== =============== ===============

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