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KILLEARN PROPERTIES ENTERS INTO ENGAGEMENT WITH BDO SEIDMAN

 TALLAHASSEE, Fla., Oct. 18 /PRNewswire/ -- Killearn Properties, Inc. (AMEX: KPI) today announced that it has entered into an engagement with BDO Seidman to audit the company's financial statements for the year ended April 30.
 The company dismissed its prior auditor in September due to an unresolved area involving the capitalization of interest which could have a material adverse effect on the preliminary earnings at year-end. The accounting difference was previously reported on Form 8-K filed with the Securities and Exchange Commission.
 The company anticipates that an Amended Form l0-K for the year ended April 30, containing audited financial statements, will be filed with the Securities and Exchange Commission on or before Nov. 30.
 -0- 10/18/93
 /CONTACT: J.T. Williams of Killearn Properties, 404-389-2020/
 (KPI)


CO: Killearn Properties, Inc.; BDO Seidman ST: Florida IN: SU:

BR-RA -- AT010 -- 3424 10/18/93 13:11 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
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