Carefree Group Inc (CRFU)

[youhavenoidea]

ICBS - ANOTHER SCAMMO WOW!!! SOME TRACK RECORD Bagell, Josephs & Company, LLC, RESIGN FROM ALMOST EVER COMPANY THEY TAKE ON, WONDER WHY????????????

GEEEEEEEEEZ


http://sec.edgar-online.com/2005/03/15/0001178924-05-000025/Section2.asp

ITEM 4.01 CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.



Effective on March 15, 2005, to avoid duplication of audit work with the
auditors of the Company's subsidiary ICBS Global Securities, Inc. the SEC
licensed broker-dealer (the "Subsidiary"), Bagell, Josephs & Company, LLC,
Certified Public Accountants resigned as the principal accountant engaged to
audit the financial statements of ICBS International Corp. (the "Company").
Bagell, Josephs & Company, LLC performed the review of the Company's financial
statements for the quarter ended October 31, 2004. During the Company's interim
period preceding the date of their resignation, there were no disagreements with
Bagell, Josephs & Company, LLC on any matter of accounting principles or
practices, financial statement disclosure, which disagreements if not resolved
to Bagell, Josephs & Company, LLC's satisfaction would have caused Bagell,
Josephs & Company, LLC make reference to this subject matter of the
disagreements in connection with Bagell, Josephs & Company, LLC's report, nor
were there any "reportable events" as such term is defined in Item 304(a)(1)(iv)
of Regulation S-K, promulgated under the Securities Exchange Act of 1934, as
amended ("Regulation S-K").


The review report of Bagell, Josephs & Company, LLC for the Company's
quarter ended October 31, 2004 did not contain an adverse opinion, a disclaimer
of opinion, or qualification or modification as to uncertainty, audit scope, or
accounting principles. In this connection, the Company's footnotes indicated a
going concern opinion in its quarterly review on the Company's financial
statements for the quarter ended October 31, 2004 included in the Form 10-QSB
filed with the Securities and Exchange on December 30, 2004.


The Company has requested Bagell, Josephs & Company, LLC to furnish it with
a letter addressed to the Securities and Exchange Commission stating whether it
agrees with the statements made above by the Company. A copy of the letter is
attached as an exhibit herein.


Effective on March 15, 2005, the Company engaged Meyler & Co., LLC,
Certified Public Accountants of One Arin Park, 1715 Highway 35, Middletown, New
Jersey 07748, who performed the audit for December 31, 2004 for the Subsidiary,
to review the Company's financial statements for quarter ended January 31, 2005
and to perform such services for the Company in the future including its audits.
Prior to its engagement, the Company had not consulted with Meyler & Co., LLC
with respect to: (i) the application of accounting principles to a specified
transaction, either completed or proposed; (ii) the type of audit opinion that
might be rendered on the Company's financial statements; or (iii) any matter
that was either the subject or disagreement (as defined in Item 304(a)(1)(iv) of
Regulation S-K) or a reportable event (as described in Item 304(a)(1)(iv) of
Regulation S-K.


Board of Directors of the Company approved the change in accountants
described herein.


SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS



ITEM 9.01





Exhibits:







Exhibit No. Document Description




16.1 Resignation of Bagell, Josephs & Company, LLC

16.2 Resignation of Bagell, Josephs & Company, LLC

23 Consent of Bagell, Josephs & Company, LLC