Item 8.01 Other Events
On March 4, 2020, the U.S. Securities and Exchange Commission (the "Commission")
issued an order under Section 36 (Release No. 34-88318) of the Securities
Exchange Act of 1934, as amended ("Exchange Act"), granting exemptions from
specified provisions of the Exchange Act and certain rules thereunder (the
"Order"). The Order provides that a registrant subject to the reporting
requirements of Exchange Act Section 13(a) or 15(d), and any person required to
make any filings with respect to such a registrant, is exempt from any
requirement to file or furnish materials with the Commission under Exchange Act
Sections 13(a), 13(f), 13(g), 14(a), 14(c), 14(f), 15(d) and Regulations 13A,
Regulation 13D-G (except for those provisions mandating the filing of Schedule
13D or amendments to Schedule 13D), 14A, 14C and 15D, and Exchange Act Rules
13f-1, and 14f-1, as applicable, where
Bnet Media Group, Inc. (the "Company") is furnishing this Current Report on Form
8-K to indicate its reliance on the Order in connection with the Company's
Annual Report on Form 10-K for the year ended December 31, 2019, as a result of
the circumstances set forth below.
Due to the Company's key internal and external accounting personnel responsible
for assisting the Company in the preparation of its financial statements now
being required to work remotely because of COVID-19, the Company has been unable
to timely provide to its auditors and accountants the financial records to
provide consent. These measures have affected both the Company's and its service
provider's personnel and have delayed the ability of the Company's accounting
personnel to process certain of its accounting records and receipts required to
complete the audit of the Company's financial statements. The lack of time for
the compilation, dissemination and review of the information required to be
presented, and the importance of investors receiving materially accurate
information in the Annual Report have resulted in the Company being unable to
timely file an accurate Annual Report on Form 10-K for its year-ended December
31, 2019, by the prescribed date without undue hardship and expense to the
Company. Accordingly, in reliance upon the Order, the Company expects to file
its Annual Report on Form 10-K no later than 45 days after the due date of
filing of March 30, 2020, unless the COVID-19 circumstances do not change and
cause a further delay, in which case we will file for an extension and amendment
to this Current Report on form 8-K. In late March, the Company's CEO, Gerald
E.Sklar was also diagnosed with having contracted COVID-19. He has subsequently
been hospitalized. As such, the Company has not been able to complete it's 10K
filing in the time allotted.
© Edgar Online, source Glimpses
BNET MEDIA GROUP, INC. 
