To the Board of Directors and Stockholders of Golf Ventures, Inc.
Salt Lake City, Utah
We have audited the accompanying balance sheets of Golf Ventures, Inc., as of
March 31, 1996 and 1995, and the related statements of operations, stockholders'
equity and cash flows for the years ended March 31, 1996, 1995 and 1994. These
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Golf Ventures, Inc., as of
March 31, 1996 and 1995 and the results of its operations and its cash flows for
the years ended March 31, 1996, 1995 and 1994, in conformity with generally
accepted accounting principles./s/ Jones, Jensen & Company
Jones, Jensen & CompanyMay 30, 1996
Message 9080489 |
