EXHIBIT 99.1
Joan R. Staley, CPA, P.A.
2920 S.W. Mapp Road
Palm City, Florida 34990
(561) 221-1273
June 29, 2000
Clements Golden Phoenix Enterprises, Inc.
3135 S.W. Mapp Road
P.O. Box 268
Palm City, FL 34991
Gentlemen:
This firm is unable to complete the audit of the consolidated financial
statements of Clements Golden Phoenix Enterprises, Inc. as of March 31, 2000 and
for the year ended December 31, 1999, due to the very heavy work load since the
close of tax season. We do expect to have it completed within the next week.
Sincerely,
/s/ Joan R. Staley
Joan R. Staley
Certified Public Accountant
