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                                                                    Exhibit 15

SUBSIDIARIES OF e-AUCITON GLOBAL TRADING INC.

1.     e-Auction Global Trading Inc., a Barbados corporation, wholly owned by
       the Company

2.     e-Auction Global Trading Inc., a Canadian corporation, wholly owned by
       e-Auction Global Trading Inc.  (Barbados)

3.     e-Auction Belgium N.V., a Belgium Company, wholly owned by the Company
       and e-Auction Global Trading Inc. (Canada)

4.     Schelfhout Computer Systemen N.V., a Begium corporation, wholly owned by
       e-Auction Belgium N.V.

5.     e-Auction Austrailasia Pty Limited, an Austrailian corporation, owned
       50.01% by the Company.



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