CHANGE IN INDEPENDENT AUDITORS
On March 9, 2000, we changed our auditors to Deloitte & Touche LLP from
Ernst & Young LLP. The decision to dismiss Ernst & Young LLP and engage
Deloitte & Touche LLP was approved by our board of directors.
We believe that for the period from May 8, 1997 (inception) through the
date of the change in auditors, Ernst & Young did not have any disagreement
with us on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreement, if
not resolved to the satisfaction of Ernst & Young, would have caused it to
make reference to the subject matter of the disagreement in connection with
its report on our financial statements. Ernst & Young's original report on our
1998 financial statements dated August 22, 1999, contained an explanatory
paragraph indicating there was substantial doubt regarding our ability to
continue as a going concern. Ernst & Young reissued their report on our 1998
financial statements on September 21, 2000 indicating that the conditions that
raised the substantial doubt about whether we will continue as a going concern
no longer exist. |
