UNITED STATES ~~SECURITIES AND EXCHANGE COMMISSION~~

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~~PURSUANT ofTO ~~Report~~SECTION 13 ~~(Date~~OR ~~of earliest event reported~~15(d)~~: May~~ ~~3, 2005~~OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 31, 2005

Weida Communications, Inc.

(Exact Name of Registrant as Specified in Charter)

New Jersey	1-10366	22-2582847
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
515 East Las Olas Boulevard, Suite 1350 Fort Lauderdale, FL 33301
(Address of Principal Executive Offices)
(954) 527-7750
(Registrant’s telephone number, including area code)

515 East Las Olas Boulevard, Suite 1350

Fort Lauderdale, FL 33301

(Address of Principal Executive Offices)

(954) 527-7750

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item~~Section 4 Matters ~~5.02~~Related ~~Departure~~to ofAccountants ~~Directors~~and Financial ~~or Principal Officers; Election of Directors; Appointment of Principal Officers.~~Statements

~~On May 3,~~Item ~~2005, Weida Communications, Inc~~4.01 ~~(the~~Changes ~~“Company”) issued a press release~~ in which it announced that it had terminated Joseph Zumwalt as chief financial officer, and that Meilin Yu, corporate controller of the Company, will act as interim chief financial officer. For additional information regarding the circumstances of Mr. ZumwaltRegistrant’s ~~termination,~~Certifying ~~see Item 8~~Accountant.~~01(a) below.~~

~~Item~~On May 31, 82005, Deloitte Touche Tohmatsu (“Deloitte”), by telephone, notified the management of Weida Communications, Inc.01 ~~Other~~(the ~~Events~~“Company”) that it intended to resign as the Company’s independent auditors, and later that day confirmed by letter to the management of the Company and the Audit Committee of the Board of Directors of the Company (the “Audit Committee”) that it had resigned as the Company’s independent auditors.

~~(a)~~ On ~~May~~ June 32, 2005, ~~the~~Deloitte ~~Company~~summarized ~~issued~~its ~~a press~~reasons ~~release~~for ~~reiterating~~resigning ~~that~~in ~~the~~a ~~Company~~telephone conversation ~~continues~~with tothe ~~cooperate~~Company’s ~~fully~~management ~~with~~ and the ~~federal~~Audit ~~investigation~~Committee. The ~~pertaining~~Audit toCommittee ~~alleged~~has ~~illegal~~commenced ~~activities~~the ~~by Joseph~~process ~~Zumwalt,~~of ~~ex-chief~~selecting ~~financial~~an ~~officer~~independent ofregistered ~~the~~public ~~Company,~~accounting ~~and~~firm ~~Anthony~~to ~~Giordano, one~~replace ofDeloitte as the Company’s ~~largest~~principal ~~shareholders,~~accountant infor ~~connection~~the ~~with~~fiscal anyear ~~independent investment~~ending ~~entity that is also a shareholder of the Company~~June 30, 2005.

~~While~~During each of the ~~investigation~~fiscal ~~continues~~years ended June 30, 2004 and December 31, 2003, Deloitte’s report on the Company’s ~~has~~financial ~~terminated~~statements ~~Joseph~~did ~~Zumwalt~~not ascontain ~~chief~~an ~~financial~~adverse ~~officer,~~opinion ~~and~~or ~~Meilin~~a Yudisclaimer of opinion, ~~corporate~~nor ~~controller~~was ofit ~~the~~qualified ~~Company,~~or ~~will~~modified ~~act~~ as to ~~interim~~uncertainty, ~~chief~~audit ~~financial~~scope, ~~officer~~or accounting principles. ~~The Company~~During iseach ~~currently~~of in the ~~process~~fiscal ofyears ~~hiring~~ended aJune 30, 2004 ~~search~~and ~~firm~~December 31, to2003 ~~conduct~~and aduring ~~search for~~the asubsequent ~~new~~interim ~~chief~~period ~~financial~~from ~~officer~~July 1, 2004 ~~and~~through ~~additional~~the ~~independent~~Company’s ~~board~~receipt ~~members. Additionally,~~of the ~~Company~~notification ~~has~~from ~~initiated~~Deloitte ~~its~~on ~~own~~May 31, ~~internal investigation~~2005, ~~working~~(i) there were no disagreements with anDeloitte ~~outside~~on ~~independent~~any ~~firm~~matter ~~and~~of accounting ~~intends~~principles toor practices, financial statement disclosure or auditing ~~inform~~scope ~~the~~or ~~Securities~~procedure and ~~Exchange~~(ii) except ~~Commission~~as (set forth in the next paragraph, there were no “~~SEC~~reportable events,”) ofas ~~its~~described ~~findings~~in Item 304(a)(1)(v) of Regulation S-K.

ADeloitte ~~copy~~referred in its discussions with the Company’s management and Audit Committee regarding its reasons for resignation to the recent developments (described in the Company’s Current Reports on Form 8-K filed with Securities and Exchange Commission (the “Commission”) on April 26, 2005 and May 23, 2005) relating to the arrest of a principal shareholder of the ~~press~~Company ~~release~~and the Company’s former chief financial officer on charges of fraud associated with alleged illegal activities in connection with an independent investment entity that is ~~attached~~also ~~hereto~~one of the Company’s shareholders, and the implications of such developments as ~~Exhibit~~to the integrity of the former chief financial officer. Deloitte also referred to its concerns regarding the recent arrest in the People’s Republic of China (the “PRC”) of Mr. 99Deng Long Long, a related party of the Company’s operating subsidiary in the PRC (“Weida PRC”).1 ~~and~~Deloitte isalso ~~incorporated~~noted ~~herein~~the bycurrent ~~reference~~absence of a fully qualified chief financial officer of the Company. As a result of those developments, Deloitte advised that it had concluded that it would be unable to obtain a proper management representation letter necessary to complete its interim reviews or year-end audit.

~~(b) On~~In the ~~May 12,~~course ~~2005,~~of ~~the~~discussing ~~Company~~its ~~issued~~reasons ~~a press~~for ~~release~~resignation ~~announcing~~with ~~that~~ the ~~federal~~Company’s management, ~~government~~Deloitte ~~had~~also ~~voluntarily,~~referred atto ~~the Company’s~~its ~~request~~concerns, ~~lifted~~previously ~~the~~expressed ~~freeze~~during its ~~placed~~reviews onof the Company’s ~~operating~~Quarterly ~~cash bank~~Report ~~accounts. The~~on ~~freeze~~Form 10-Q/A ~~remains~~for inthe ~~effect~~fiscal onquarter aended ~~certificate~~September 30, of2004 ~~deposit~~ and of the Company’s isQuarterly Report ~~continuing~~on ~~its~~Form 10-Q ~~efforts~~for ~~to achieve~~the afiscal ~~complete~~quarter ~~lifting~~ended ~~of the freeze.~~December 31, 2004 ~~The~~filed ~~freeze~~with ~~was~~the ~~originally~~Commission, ~~obtained~~regarding ata ~~the~~material ~~request~~weakness ofin ~~federal~~the ~~law~~Company’s ~~enforcement~~internal ~~authorities,~~control ~~and~~over ~~not~~financial ~~the~~reporting ~~SEC~~(which asmaterial ~~originally~~weakness ~~announced,~~was disclosed in ~~connection with~~such ~~that~~Quarterly ~~investigation~~Reports).

~~The Company also announced that it has received a subpoena from the SEC for certain Company records in connection with the investigation of certain matters involving the Company’s securities.~~2

The ~~previously~~Company ~~announced~~has ~~suspension~~provided byDeloitte ~~the~~with ~~SEC~~a copy of ~~trading in~~ the ~~Company’s~~foregoing ~~shares~~disclosures and ~~has~~requested ~~expired~~that asDeloitte ~~originally~~furnish ~~indicated,~~the onCompany ~~May 6th,~~with ~~and~~a letter addressed to the ~~Company’s~~Commission ~~securities~~stating ~~have~~whether ~~resumed~~it ~~trading~~agrees aswith ofsuch ~~May 7,~~disclosures. A ~~2005~~copy inof ~~the~~that ~~“Other OTC”~~letter ~~market~~is ~~under~~attached ~~its~~hereto ~~existing~~as ~~symbol~~Exhibit 16.1.

~~The Company also announced~~A ~~that~~copy ~~its~~of ~~current~~the ~~short-term~~Company’s ~~and long-term~~press ~~liquidity~~release ~~has~~issued ~~weakened~~on asJune 8, a2005 ~~partial~~announcing ~~consequence of recent~~the ~~events. As~~foregoing ofis ~~April 30,~~attached ~~the~~hereto ~~Company had~~as ~~approximately $1~~Exhibit 99.1 ~~million in cash~~ and ~~cash-equivalents on hand. The Company~~ is ~~considering~~incorporated ~~alternative~~herein ~~means~~by ofreference.

obtaining additional private financing, which may take the form of secured or unsecured debt or preferred equity financing.

A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

(c) On May 20, 2005, the Company issued a press release announcing that it will be delaying the announcement of its fiscal 2005 third quarter results and delaying filing with the SEC of its Quarterly Report on Form 10-Q pending receipt of the results of an independent investigation being conducted by outside counsel and accountants hired by the Company in response to a recent federal investigation.

The federal government is investigating whether Joseph Zumwalt, ex-chief financial officer of the Company, and Anthony Giordano, one of the Company’s largest shareholders, engaged in alleged illegal activities in connection with an independent investment entity that they were involved with, which is also a shareholder of the Company. The Company expects the internal investigation to be completed shortly and will release the 2005 third quarter results immediately thereafter.

The Company also announced that Weida PRC, its operating group in China, has recently signed contracts for 46 VSAT terminals with Xinjiang Electric Power Bureau, Guangxi Liuzhou Electric Power Bureau and Heibei Langfang Electric Power Bureau, which represents a significant increase compared with new contracts signed during the same period last year.

The Company also plans to expand its service offerings to include state of the art GPS tracking of the oil and gas industry as well as government agencies in China. Furthermore, the Company intends to transition its satellite data transmissions from AsiaSat 3 to AsiaSat 4, providing more extensive coverage especially in the Northwestern and Northeastern regions of China where the market demands of satellite communications are the greatest. Weida PRC also plans to carry out a large-scale upgrade to its Suzhou hub station, which will expand its bandwidth and speed capabilities, helping to maintain the Company’s leadership in satellite communications service and technology in China.

A copy of the press release is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

9916.1 ~~Press~~Letter ~~release~~from ofDeloitte Touche Tohmatsu to the ~~Company~~Securities and Exchange Commission, dated ~~May~~June 37, 2005

99.21 Press ~~release~~Release of the Company, dated ~~May~~June 128, 2005

~~99.~~3 ~~Press release of the Company dated May 20, 2005~~

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

	~~WEIDA COMMUNICATIONS, INC.~~	WEIDA COMMUNICATIONS, INC.
	~~(Registrant)~~	(Registrant)
	~~By:~~	~~/s/ Mitchell Sepaniak~~By:	/s/ Mitchell Sepaniak
		~~Mitchell Sepaniak~~	Mitchell Sepaniak
		~~President and Chief Executive Officer~~	President and Chief Executive Officer
Dated: May 23, 2005
Dated:	June 7, 2005

EXHIBIT INDEX

Exhibit No.		Document
99.1		Press release of the Company dated May 3, 2005
16.1		Letter from Deloitte Touche Tohmatsu to the Securities and Exchange Commission, dated June 7, 2005
99.2		Press release of the Company dated May 12, 2005
99.1		Press Release of the Company, dated June 8, 2005
99.3		Press release of the Company dated May 20, 2005

Filing Compare · WEIDA COMMUNICATIONS, INC.