SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    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): December 5, 2002

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                       ATLANTIC TECHNOLOGY VENTURES, INC.
             (Exact name of registrant as specified in its charter)




          Delaware                       0-27282                 36-3898269
(State or other jurisdiction of   (Commission file number)    (I.R.S. employer
 incorporation or organization)                              identification no.)




            350 Fifth Avenue
               Suite 5507                                            10118
           New York, New York                                      (Zip code)
  (Address of principal executive offices)

       Registrant's telephone number, including area code: (212) 267-2503




Item 4.   Changes in Registrant's Certifying Accountant.

     (1)  On December 5, 2002, KPMG LLP declined to stand for re-election as the
          independent auditors of Atlantic Technology Ventures, Inc.

     (2)  Atlantic engaged J.H. Cohn, LLP as its new independent auditors.

     (3)  The audit reports of KPMG on the consolidated financial statements of
          Atlantic and its subsidiaries (a development state company) as of and
          for the years ended December 31, 2001 and 2000, and for the period
          from July 13, 1993 (inception) to December 31, 2001, did not contain
          any adverse opinion or disclaimer of opinion, nor were they qualified
          or modified as to uncertainty, audit scope, or accounting principles,
          except as follows:

          KPMG's report on the consolidated financial statements of Atlantic and
          its subsidiaries (a development stage company) as of and for the years
          ended December 31, 2001, contained a separate paragraph stating that "
          the Company has suffered recurring losses from operations and has
          limited liquid resources that raise substantial doubt about its
          ability to continue as a going concern. Management's plans in regard
          to these matters are also described in Note 1. The consolidated
          financial statements do not include any adjustments that might result
          from the outcome of this uncertainty."

     (4)  During the years ended December 31, 2001 and 2000 and the subsequent
          interim periods through December 5, 2002, there were no disagreements
          between Atlantic and KPMG 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
          KPMG, would have caused KPMG to make reference to the subject matter
          of the disagreement with its report.

     (5)  On December 5, 2002, Atlantic requested that KPMG provide a letter
          addressed to the Securities and Exchange Commission stating whether
          KPMG agrees with the above statements, and, if not, stating the
          respects in which KPMG does not agree. A copy of the letter provided
          by KPMG in response to that request, which is dated as of December 12,
          2002, is filed as an exhibit to this current report on Form 8-K.

     (6)  On December 9, 2002, Atlantic engaged J.H. Cohn as its independent
          auditors for the fiscal year ending December 31, 2002 and to audit
          Atlantic's financial statements. During Atlantic's two most recent
          fiscal years and the subsequent interim period preceding the
          engagement of J.H. Cohn, Atlantic did not consult J.H. Cohn on any
          matter requiring disclosure under Item 304(a)(2) of Regulation S-K.
          The selection of J.H. Cohn is based on the recommendation of the audit
          committee.

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Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.

(c)   Exhibits.

99.1  Letter dated as of December 12, 2002, from KPMG LLP to the Securities and
      Exchange Commission.


                                    SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934,
Atlantic Technology Ventures, Inc. has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.

Date:  December 12, 2002            ATLANTIC TECHNOLOGY VENTURES, INC.


                                    By:  /s/ Frederic P. Zotos
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                                       Frederic P. Zotos
                                       President and Chief Executive Officer




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