UNITED STATES

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), ~~March~~June 1517, ~~2001~~2003

PACIFIC CMA, INC.

(Exact name of registrant as specified in its charter)

Colorado	0-27653	84-1475073
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

4750 Table Mesa Drive Boulder, CO	~~80301~~80305
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (303) 494-3000

~~7331~~ITEM ~~South~~5. OTHER ~~Meadow Court~~EVENTS

~~Boulder~~ The Registrant issued the press release, COfiled ~~80301~~as Exhibit 99.1 herewith, on June 17, 2003.

~~(Former~~ITEM ~~name~~7. FINANCIAL orSTATEMENTS ~~former~~AND ~~address, if changed since last report)~~EXHIBITS

ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

Exhibit No.			Description of Document

99.1			Press Release of the Registrant dated June 17, 2003.

On March 15, 2001, the Board of Directors of the Company advised Paul W.C. Ho & Co. of Foo Cheong Building, Nos. 82-86 Wing Log Street, Hong Kong ("Paul Ho") that it would not be appointed as the Company's auditors for the year ended December 31, 2000. Although it was announced in an amended 10QSB filed on January 4, 2001 that Paul Ho would succeed Comiskey & Co. ("Comiskey") of Denver, Colorado as of November 15, 2000 as the Company's independent accountants, they did not in fact prepare any audited financial reports for the Company.SIGNATURES

The reports of Comiskey for the fiscal years ended December 31, 1999 and 1998 did not contain any adverse opinions or disclaimers of opinion, nor were they modified as to uncertainty, audit scope, or accounting principles. There have not been any disagreements between Comiskey and the Company on any matter of accounting principles or practices, financial statement or disclosure, or auditing scope or procedure, or any reportable events between Comiskey and the Company.

On March 15, 2001, the Board of Directors of the Company appointed the firm of Moores Rowland of 33 Hysan Avenue, Hong Kong as independent auditors of the Company for the fiscal year ended December 31, 2000. Prior to the engagement of Moores Rowland, neither the Company nor anyone on its behalf consulted with such firm regarding the application of accounting principles to a specified transaction whether completed or uncompleted, or type of audit opinion that might be rendered on the Company's financial statements. The decision to change accountants was recommended and approved by the Company's Board of Directors.

On March 20, 2001, the Company provided a draft copy of this report on Form 8K to Paul W.C. Ho & Co., requesting their comments on the information contained therein. Upon receipt of a response from Paul W.C. Ho & Co., the Company shall file it by amendment to this report on Form 8K.

SIGNATURE

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.

PACIFIC CMA, INC.

By: /S/ ALFRED LAM ~~KING KO~~

Alfred Lam, ~~King~~Chairman ~~Ko,~~and ~~President~~ Treasurer

~~Date~~By: ~~March~~/S/ ~~20,~~SCOTT ~~2001~~TURNER

Scott Turner, President and Director

By:/S/ LOUISA CHAN

Louisa Chan, Director

By:/S/ HENRIK M. CHRISTENSEN

Henrik M. Christensen, Director

By:/S/ KAZE CHAN

Kaze Chan, Director

Date: June 18, 2003

Exhibit 99.1

Source: Pacific CMA, Inc.

Pacific CMA Refiles Two Quarterly Filings and Form 10-K for 2002 and First Quarter of 2003 to be in Compliance with FASB Rulings

NEW YORK CITY - June 17, 2003 - Pacific CMA, Inc. (OTCBB: PCCM) today reported that the company has restated financial statements and refiled amended 10-Q reports for the second and third quarters of 2002, its Form 10-K for the entire year, and its Form 10-Q for the first quarter of 2003 to incorporate the restated financials. It said these actions were taken in order to comply with new standards issued by the Financial Accounting Standards Board last year that affect accounting for goodwill. These standards were issued shortly after the company's acquisition of its Airgate International operating unit.

The company said its financial statements now reflect that a portion of the purchase price of Airgate is considered a customer relationship intangible, and the financial statements have been restated to underscore that fact.

At the time of purchase, the price for Airgate consisted of 3 major components: cash consideration of $1,500,000; stock issued totaling $1,360,000; and liabilities in excess of tangible assets (deficit equity) totaling $1,420,000.

In the restated financial statements, the Company has reclassified $2,860,000 from goodwill to a customer relationship intangible. Given the current economic downtrend, Pacific CMA said it believes that a 5-year life (20% annual amortization) is now a more appropriate amortization period. The result of these recalculations did not impact record revenue results for the company, but did reduce earnings per share for the year 2002 from $.05 to $.03 per share.

About Pacific CMA, Inc.

Pacific CMA, Inc. is a global, non-asset-based freight forwarding/logistics service company providing on time and intact delivery of goods, primarily through the ports of Hong Kong and New York, to customers worldwide.

Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that are based on certain assumptions and expectations of future events. These assumptions and expectations are dependent on, and subject to, certain risks and uncertainties including, but not limited to, such factors as market demand, pricing, risks associated with litigation and insurance coverage, risks associated with operations outside of the U.S., changing economic conditions such as general economic slowdown and decreased consumer confidence, and other risk factors contained under "Cautionary Statement" in Pacific CMA's annual report on Form 10-K.

Contact:

For Pacific CMA, Inc.:

Rick Oravec, 212-251-9646

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