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' Gentlemen: <br />DUNCANSON & SHEINFELD, PA. <br />CERTIFIED PUBLIC ACCOUNTANTS <br />June 28, 2000 <br />We are the accountants for Miller, Legg & Associates, Inc. We are writing you this letter in response to your <br />request for financial statements from this entity as part of their response to a request for proposal. <br />As this company is a privately held company, the financial statements are confidential. If they were to be <br />submitted with this proposal, they would then be part of public records and, accordingly, avai table to anyone <br />including competing firms. We do not feel that-this is in the best interest of our client's business. <br />The reviewed financial statements as of December 31, 1999 and 1998 of Miller, Legg & Associates, Inc. <br />reflect the following: <br />1999 1998 <br />Total Assets ............................ $ 2,995,521 $ 2,932,488 <br />Total Stockholders' Equity ................ $ 296,358 $ 1,011,071 <br />Gross Revenues (for the year then ended) ..... $ 7,948,606 $ 8,215,016 <br />Reviewed financial statement are the representation of the management of Miller, Legg & Associates, Inc. <br />and consist principally of inquiries of company personnel and analytical procedures applied to financial data. <br />It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the <br />objective of which is the expression of an opinion regarding the financial statements taken as a whole. <br />Accordingly, we do not express such an opinion on the December 31, 1999 and 1998 financial statements <br />or other financial information stated above for 1999 and 1998. <br />Our client would be happy to meet with your financial department to show them the complete financial <br />statements; however, for reasons mentioned above, they are reluctant to provide you with a copy for your <br />files. <br />If you have any questions, we will be happy to discuss this matter with you. <br />' HRD /eh <br />Sincerely, <br />DUNCA S & EINFELD, P.A. <br />H y R. Duncanson <br />Certified Public Accountant <br />' 2131 Hollywood Boulevard • Suite 507 • Hollywood, Florida 33020 • Br _ <br />yw oward (954) 923 -1090 Dade (305) 945 8057 •Fax (954) 923 -2785 <br />MAmhRr of tha Ampri!an In.Ctihda of l7—t find P,,h6r A,--t —t —H Lln.alo i—Kh do of /`e.itl:ni! D„h/ir Annrn.nlan� <br />