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 ACT OF

1934.

Date of Report (Date of Earliest event reported):

June 22, 2005

Commission file number 000-27825

 

EXIM INTERNET GROUP, INC.

(formerly Global Trade Portal Corporation;

Hydro Environmental Resources, Inc.)

(Exact Name of Registrant as specified in its charter)

Nevada 73-1552304

(State or other jurisdiction of (IRS Employer

Incorporation or organization) Identification Number)

 

7683 SE 27TH Street

Mercer Island, Washington 98040

(Address of principal executive offices)

 

(City, State and Zip Code)

(866)571-0200

Company's telephone number, including area code

 
ITEM 4.0 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT:

(1) Previous Independent Auditors: Cordovano & Honeck, LLP

(i) Effective June 20, 2005, Exim Internet Group, Inc., formerly Global Trade Portal Corporation and Hydro Environmental Resources, Inc, (the Company) determined to change the Company's independent accountants, and, accordingly, ended the engagement of Cordovano & Honeck, LLP, in that role and retained Madsen & Associates, CPA's, Inc. as its independent accountants. The Audit Committee of the Board of Directors (the "Audit Committee") and the Board of Directors of the Company approved the decision to change independent accountants.

(ii) Management of Exim Internet Group, Inc., formerly Global Trade Portal Corporation and Hydro Environmental Resources, Inc., is unaware of any disagreements with Cordovano & Honeck, LLP related to any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure. For the most recent fiscal year of December 31, 2003 and any subsequent interim period through Cordovano & Honeck, LLP's termination on June 20, 2005,there has been no disagreement between the Company and Cordovano & Honeck, LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Cordovano & Honeck, LLP would have caused it to make a reference to the subject matter of the disagreement in connection with its reports.

(iii) The Company's Board of Directors participated in and approved the decision to change independent accountants. Cordovano & Honeck, LLP's audit report on the financial statements for the year ended December 31, 2003 contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to audit scope or accounting principles.

(iv) In connection with its audits for the two most recent fiscal years and review of financial statements through September 30, 2004, there have been no disagreements with Cordovano & Honeck, LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of Cordovano & Honeck, LLP would have caused them to make reference thereto in their report on the financial statements.

(v) During the two most recent fiscal years of December 31, 2002 and 2003, and the interim period to September 30, 2004, there have been no reportable events with the Company as set forth in Item 304(a(i)(v) of Regulation S-K.

(vi) The Company requested that Cordovano & Honeck, LLP furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements.

(2) New Independent Accountants:

(i) The Company engaged Madsen & Associates, CPA's Inc., Inc., Murray, Utah as its new independent auditors as of June 20, 2005. Prior to such date, the Company, did not consult with Madsen & Associates, CPA's, Inc. regarding (i) the application of accounting principles, (ii) the type of audit opinion that might be rendered by Madsen & Associates, CPA's, Inc, or (iii) any other matter that was the subject of a disagreement between the Company and its former auditor as described in Item 304(a)(1)(iv) of Regulation S-B.

 

June 22, 2005 EXIM INTERNET GROUP, INC.

 

By /s/ Mr. Nicholas Alexander

------------------------------

Mr. Nicholas Alexander, Secretary

and Director

 

 

 

 
Cordovano and Honeck Certified Public
Accountants
201 Steele Street Suite 300 Denver, Colorado 80206
(303) 329-0220 Phone
(303) 316-7493 Fax

June 22, 2005

Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549

Re: Exim Internet Group, Inc. (formerly Hydro Environmental Resources, Inc.)

Commissioners:

We were previously the principal accountants for Exim Internet Group, Inc. (formerly Hydro Environmental Resources, Inc.), and we reported on the financial statements of Hydro Environmental Resources, Inc. as of December 31, 2004 and 2003, and for the two years then ended. We have not provided any audit services to Exim Internet Group, Inc. since the audit of the December 31, 2004 financial statements. On June 20, 2005, our appointment as principal accountants was terminated. We have read Exim Internet Group, Inc.'s statements which we understand will be filed with the Commission pursuant to Item 4 of Form 8-K, as part of the Company's Form 8-K dated June 22, 2005. We agree with the statements concerning our Firm in such Form 8-K.

Very truly yours,

 

/s/ Cordovano and Honeck LLP

Cordovano and Honeck LLP