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): January 7, 2006
TECHLABS, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA 000-26233 65-0843965
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State or other (Commission (IRS Employer
jurisdiction of File Number) Identification Number)
incorporation)
8905 KINGSTON PIKE, SUITE 307, KNOXVILLE, TN 37923
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(Address of executive offices and Zip Code)
Registrant's telephone number, including area code: (215) 243-8044
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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 (SEE General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 133-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 4 - Matter Related to Accountants and Financial Statements
Item 4.01 Changes in Registrant's Certifying Accountant.
a) On or about January 7, 2006, Webb & Company, the Company,s principal
accountant for Techlabs, Inc. resigned citing timing and financial
considerations.
None of the reports of Webb & Company, on the Company's financial statements for
either of the past two years or subsequent interim period contained an adverse
opinion or disclaimer of opinion, or was qualified or modified as to
uncertainty, audit scope or accounting principles, except that the report for
the fiscal years ended December 31, 2003, and December 31, 2004 did contain a
going concern paragraph.
There were no disagreements between the Company and Webb & Company on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which, if not resolved to the satisfaction of Webb
& Company, would have caused them to make reference to the subject matter of the
disagreement in connection with its report. Further, Webb & Company has not
advised the Registrant that:
1) internal controls necessary to develop reliable financial statements did not
exist; or
2) information has come to the attention of Webb & Company which made it
unwilling to rely upon management's representations, or made it unwilling to be
associated with the financial statements prepared by management; or
3) the scope of the audit should be expanded significantly, or information has
come to the attention of Webb & Company that they have concluded will, or if
further investigated might, materially impact the fairness or reliability of a
previously issued audit report or the underlying financial statements, or the
financial statements issued or to be issued covering the fiscal year ended
December 31, 2005.
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.
Eline Entertainment Group, Inc.
Date: January 12, 2006 By: /s/ Jayme Dorrough
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Jayme Dorrough, President
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