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<SEC-DOCUMENT>0001263279-04-000165.txt : 20040527
<SEC-HEADER>0001263279-04-000165.hdr.sgml : 20040527
<ACCEPTANCE-DATETIME>20040527124921
ACCESSION NUMBER:		0001263279-04-000165
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040524
ITEM INFORMATION:		Changes in registrant's certifying accountant
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZYNEX MEDICAL HOLDINGS   INC
		CENTRAL INDEX KEY:			0000846475
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				870403828
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-26787-D
		FILM NUMBER:		04834333

	BUSINESS ADDRESS:	
		STREET 1:		8100 SOUTH PARK WAY
		STREET 2:		SUITE A-9
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80120
		BUSINESS PHONE:		(303) 703-4906

	MAIL ADDRESS:	
		STREET 1:		8100 SOUTH PARK WAY
		STREET 2:		SUITE A-9
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80120

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOX RIVER HOLDINGS  INC
		DATE OF NAME CHANGE:	20031126

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARIZONA VENTURES INC
		DATE OF NAME CHANGE:	20030115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHINA GLOBAL DEVELOPMENT INC
		DATE OF NAME CHANGE:	20020130
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>zynex8k.txt
<DESCRIPTION>ZYNEX MEDICAL HLDINGS 5-24-04 8-K
<TEXT>
                      SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C.



                                   FORM 8-K


                                CURRENT REPORT


                    Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934


                                  May 24, 2004
                 ------------------------------------------------
                 Date of Report (date of earliest event reported)


                          Zynex Medical Holdings, Inc.
              ----------------------------------------------------
              Exact Name of Registrant as Specified in its Charter


          Nevada                     33-26787-D             87-0403828
- ---------------------------       ---------------     ----------------------
State or Other Jurisdiction       Commission File     IRS Employer Identifi-
      of Incorporation                 Number              cation Number



                     8100 South Park Way, Suite A-9
                            Littleton, Colorado            80120
             ----------------------------------------------------
             Address of Principal Executive Offices      Zip Code


                                (303) 703-4906
                         ------------------------------
                         Registrant's Telephone Number,
                              Including Area Code


                                 Not Applicable
                 -------------------------------------------
                 Former Name or Former Address, if Changed
                               Since Last Report














ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

     On May 24, 2004, Zynex Medical Holdings, Inc. (the "Company") engaged
Gordon Hughes & Banks, LLP to serve as the Company's independent accountants.
Also on May 24, 2004, Chisholm, Bierwolf & Nilson, LLC was dismissed as the
Company's independent accountants. The decision to engage Gordon Hughes &
Banks, LLP was made solely by the Company's Board of Directors.  The Company
does not currently have an audit committee.

     Chisholm, Bierwolf & Nilson, LLC became the Company's independent
accountants on February 10, 2004 as a result of a merger of the Company's
prior independent accountants.  The change of independent accountants on
February 10, 2004 was reported in the Company' Report on Form 8-K dated
February 10, 2004.  As a result of the short time period it served as the
Company's independent accountant, Chisholm, Bierwolf & Nilson, LLC did not
issue any reports on the Company's financial statements. During the period
from February 10, 2004 through May 24, 2004, there were no disagreements with
Chisholm, Bierwolf & Nilson, LLC on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, or
other reportable event (of the type described in Item 304 (a) (1) (B) of
Regulation S-B)which disagreement(s), if not resolved to the satisfaction of
Chisholm, Bierwolf & Nilson, LLC, would have caused it to make reference to
the subject matter of the disagreement(s) in connection with a report.

     During the years ended December 31, 2003 and 2002 and the subsequent
periods prior to engaging Gordon Hughes & Banks, LLP, neither the Company nor
anyone on its behalf consulted Gordon Hughes & Banks, LLP regarding either the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
the Company's consolidated financial statements, and neither a written report
nor oral advice was provided to the Company by Gordon Hughes & Banks, LLP.

     The Company provided a copy of the disclosures contained herein to
Chisholm, Bierwolf & Nilson, LLC and requested that they provide a letter,
addressed to the Securities and Exchange Commission stating whether it agrees
with the statements made herein, and, if not, stating the respects in which it
does not agree.  That letter is filed herewith as Exhibit 16.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

     (c)  EXHIBITS.

          16 - Letter from Chisholm, Bierwolf & Nilson, LLC


                                 SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                                     ZYNEX MEDICAL HOLDINGS, INC.



Dated: May 24, 2004                 By:/s/ Thomas Sandgaard
                                       Thomas Sandgaard, President


                                      2



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-16
<SEQUENCE>2
<FILENAME>ex16.txt
<DESCRIPTION>EXHIBIT 16
<TEXT>
EXHIBIT 16


                       CHISHOLM, BIERWOLF & NILSON, LLC
                         Certified Public Accountants
                             533 West 2600 South
                            Bountiful, Utah  84010
              (801) 292-8756 Telephone     (801) 292-88-0 Fax


May 26, 2004


Securities and Exchange Commission
Washington, DC  20549

Re:  Zynex Medical Holdings, Inc.

Gentlemen:

We have read Item 4. "CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS"
contained in Zynex Medical Holdings, Inc.'s Form 8-K and are in agreement with
the statements contained therein, as they relate to our firm.

Very truly yours,



/s/ Chisholm, Bierwolf & Nilson, LLC
Chisholm, Bierwolf & Nilson, LLC
Salt Lake City, Utah

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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