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SEC Comment Letter for AI Technology Group Inc. (CIK 0001289047) (AIPG) — Feb 15, 2005

AI Technology Group Inc. (CIK 0001289047)
Date: Feb. 15, 2005 · CIK: 0001289047 · Accession: 0000000000-05-007368

AI Filing Summary & Sentiment

Date
February 15, 2005
Author
David Burton
Form
UPLOAD
Company
AI Technology Group Inc. (CIK 0001289047)

Letter

February 15, 2005 Mail Stop 0511 Mr. Gary A. Bedini President Energenx, Inc. 6200 East Commerce Loop Post Falls, ID 83854

Re: Energenx, Inc. Form 8-K filed February 4, 2005 File No. 0-50739

Dear Mr. Bedini:

We have reviewed your filing and have the following comments. Where indicated, we think you should revise your document in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. In some of our comments, we may ask you to provide us with supplemental information so we may better understand your disclosure. After reviewing this information, we may or may not raise additional comments.

Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or any other aspect of our review. Feel free to call the applicable staff person at the telephone number listed at the end of this letter.

Item 4.01 - Changes in Registrant`s Certifying Accountant

1. Item 304(a)(1)(ii) of Regulation S-B requires you to disclose whether the former accountants` report on the financial statements for the past year contained an adverse opinion, a disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope or accounting principles; and to describe the nature of each such adverse opinion, disclaimer of opinion, modification or qualification. This would be in addition to disclosure included of uncertainty regarding the ability to continue as a going concern in the accountants` report. Please revise.

2. Item 304(a)(1)(iv)(A) of Regulation S-B requires you to disclose whether during the registrant`s most recent fiscal year end and any subsequent interim through the date of dismissal there were any disagreements, resolved or not, with the former accountants on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of the former accountants, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report.

3. To the extent that you amend the Form 8-K to comply with our comment, please obtain and file an updated Exhibit 16 letter from the former accountants stating whether the accountants agree with your item 304 disclosures, or to the extent to which the accountants do not agree.

Please file your supplemental response and amendment via EDGAR in response to these comments within 5 business days after the date of this letter. Please contact the staff immediately if you require longer than 5 business days to respond.

We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing reviewed by the staff to be certain that they have provided all information investors require for an informed decision. Since the registrant and its management are in possession of all facts relating to a registrant`s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made.

In connection with responding to our comments, please provide, in writing, a statement from the registrant acknowledging that: * the registrant is responsible for the adequacy and accuracy of the disclosure in the filing; * staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and * the registrant may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

In addition, please be advised that the Division of Enforcement has access to all information you provide to the staff of the Division of Corporation Finance in our review of your filing or in response to our comments on your filing.

Direct any questions regarding this letter to me at 202.942.1808.

Sincerely,
David Burton
Staff Accountant
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Show Raw Text
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>
								February 15, 2005

Mail Stop 0511

Mr. Gary A. Bedini
President
Energenx, Inc.
6200 East Commerce Loop
Post Falls, ID  83854

Re:	Energenx, Inc.
	Form 8-K filed February 4, 2005
	File No. 0-50739

Dear  Mr. Bedini:

      We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  In some of our comments, we may ask you to provide
us
with supplemental information so we may better understand your
disclosure.  After reviewing this information, we may or may not
raise additional comments.

      Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or any other aspect
of
our review.  Feel free to call the applicable staff person at the
telephone number listed at the end of this letter.

Item 4.01 - Changes in Registrant`s Certifying Accountant

1.	Item 304(a)(1)(ii) of Regulation S-B requires you to disclose
whether the former accountants` report on the financial statements
for the past year contained an adverse opinion, a disclaimer of
opinion, or was qualified or modified as to uncertainty, audit
scope
or accounting principles; and to describe the nature of each such
adverse opinion, disclaimer of opinion, modification or
qualification.  This would be in addition to disclosure included
of
uncertainty regarding the ability to continue as a going concern
in
the accountants` report.  Please revise.

2.	Item 304(a)(1)(iv)(A) of Regulation S-B requires you to
disclose
whether during the registrant`s most recent fiscal year end and
any
subsequent interim through the date of dismissal there were any
disagreements, resolved or not, with the former accountants on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreement(s),
if
not resolved to the satisfaction of the former accountants, would
have caused it to make reference to the subject matter of the
disagreement(s) in connection with its report.

3.	To the extent that you amend the Form 8-K to comply with our
comment, please obtain and file an updated Exhibit 16 letter from
the
former accountants stating whether the accountants agree with your
item 304 disclosures, or to the extent to which the accountants do
not agree.

      Please file your supplemental response and amendment via
EDGAR
in response to these comments within 5 business days after the
date
of this letter.  Please contact the staff immediately if you
require
longer than 5 business days to respond.

      We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing reviewed by the staff to
be
certain that they have provided all information investors require
for
an informed decision.  Since the registrant and its management are
in
possession of all facts relating to a registrant`s disclosure,
they
are responsible for the accuracy and adequacy of the disclosures
they
have made.

      In connection with responding to our comments, please
provide,
in writing, a statement from the registrant acknowledging that:
* the registrant is responsible for the adequacy and accuracy of
the
disclosure in the filing;
* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and
* the registrant may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filing or in
response to our comments on your filing.

      Direct any questions regarding this letter to me at
202.942.1808.

						Sincerely,

						David Burton
						Staff Accountant
??

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-0306

         DIVISION OF
CORPORATION FINANCE

</TEXT>
</DOCUMENT>