U.S. SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549





Form 10-K


Amendment No. 1





(Mark One)





xANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





For the fiscal year ended September 30, 2013





o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





For the transition period from ______________ to ______________





Commission File Number000-54549





Accelerated Acquisitions XVII, Inc.


(Exact name of registrant as specified in its charter)








Delaware

45-3743440(State or other jurisdiction of

(I.R.S. Employerincorporation or organization)

Identification No.)





1840 Gateway Drive, Suite 200, Foster City, CA 94404


(Address of principal executive offices)


(650) 283-2653


(Registrant’s telephone number, including area code)





Securities registered under Section 12(b) of the Exchange Act:


None.





Securities registered under Section 12(g) of the Exchange Act:


Common Stock, $0.0001 par value per share


(Title of Class)





Check whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes oNo x





Check whether the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. o





Check whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes xNo o





Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-K (§229.405 of this chapter) contained herein, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o





Check whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):





Large Accelerated Filer o

Accelerated Filer oNon-accelerated Filer o

(Do not check if a smaller reporting company.)

Smaller Reporting Company x





Check whether the issuer is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes x No o





As of July 21, 2012, there were no non-affiliate holders of common stock of the Company.





APPLICABLE ONLY TO CORPORATE REGISTRANTS





As of July 21, 2014 there were 5,000,000 shares of common stock, par value $.0001, outstanding.












EXPLANATORY NOTE













The purpose of this Amendment No. 1 to the Company's Annual  Report on Form 10-K for the period ended September 31, 2013, filed with the Securities and Exchange Commission on December 30, 2014 (the "Form 10-K"), is to correct the disclosure in Item 9A(T). Item 9A(T) contained an erroneous reference to not including a report of management's assessment regarding internal control over financial reporting or an attestation report of the company's registered public accounting firm due to a transition period established by rules of the Securities and Exchange Commission for newly public companies. It is corrected with the amendment.  Also, Item 9A(T) is amended to disclose that the Company's internal controls were inadequate because the Company did not have the proper disclosure in this section of the filing as required by the SEC.




No other changes have been made to the Form 10-K, this Amendment No. 1 to the Form 10-K continues to speak as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-K.






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ITEM 9A(T). CONTROLS AND PROCEDURES




Evaluation of Disclosure Controls and Procedures




We conducted an evaluation, under the supervision and with the participation of management, including our chief executive officer (our principal executive officer principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this annual report.




Based on this evaluation, our chief executive officer (our principal executive officer principal financial officer and principal accounting officer) concluded that as of September 31, 2013 our disclosure controls and procedures were not effective. Our procedures were designed to ensure that the information relating to our company required to be disclosed in our SEC reports is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and is accumulated and communicated to our management, including our chief executive officer, as appropriate to allow for timely decisions regarding required disclosure. Management is currently evaluating the current disclosure controls and procedures in place to see where improvements can be made.





The determination that our disclosure of controls and procedures were not effective as of September 31, 2013 are a result of:




1.
Insufficient segregation of duties due to the limited size of our staff and budget; and




2.
No independent audit committee oversight of the company's external financial reporting and internal control over financial reporting; and




Continuing Remediation Efforts to address deficiencies in Company's Internal Control over Financial Reporting




Once the Company is engaged in a business of merit and has sufficient personnel available, then our Board of Directors, in particular and in connection with the aforementioned deficiencies, will establish the following remediation measures:




1.
Our Board of Directors will nominate an audit committee or a financial expert on our Board of Directors in the next fiscal year.




2.
We will appoint additional personnel to assist with the preparation of the Company's financial reporting.




Changes in Internal Control Over Financial Reporting




There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the fiscal quarter ended September 31, 2013 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.




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ITEM 6. EXHIBITS




Exhibit No.

Description31.1*

Certification of the Company's Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant's Quarterly Report on Form 10-K for the year ended September 31, 2013.31.2*

Certification of the Company's Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant's Quarterly Report on Form 10-Q for the year ended September 31, 2013.32.1*

Certification of the Company's Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002.101.DEF*

XBRL Taxonomy Extension Definition Linkbase Document101.INS*

XBRL Instance Document101.SCH*

XBRL Taxonomy Extension Schema Document101.CAL*

XBRL Taxonomy Extension Calculation Linkbase Document101.LAB*

XBRL Taxonomy Extension Label Linkbase Document101.PRE*

XBRL Taxonomy Extension Presentation Linkbase Document




* Previously Filed.




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SIGNATURES




In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.







Dated: August 5, 2014Accelerated Acquisition AXVII, INC.By:
/s/Timothy NeherTimothyCEO