Schvaneveldt and Company
Certified Public Accountant
275 E. South Temple, Suite 300
Salt Lake City, Utah 84111
(801) 521-2392
Darrell T. Schvaneveldt, C.P.A.
U.S. Securities & Exchange Commission
Washington, D.C. 10549
The undersigned certifying accountants hereby acknowledge that they have
reviewed Item 3, "Changes in and Disagreements with Accountants on Accounting
and Financial Disclosures," as contained in the Form 10 Registration Statement
being filed by Bio-American Capital Corporation, and that the undersigned
concurs with the statements made therein by the Registrant concerning the change
in the Registrant's independent accountant.
/s/Schvaneveldt & Company
Schvaneveldt & Company
Salt Lake City, Utah
July 20, 1999
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Schvaneveldt and Company
Certified Public Accountant
275 E. South Temple, Suite 300
Salt Lake City, Utah 84111
(801) 521-2392
Darrell T. Schvaneveldt, C.P.A.
July 28, 1999
Leonard Viejo
Bio-American Capital Corporation
462 Stevens Avenue, Suite #308
Solana Beach, California 92075
This letter will confirm our consent to use our Audit Opinion dated April 2,
1998, for the balance sheets of Bio-American Capital Corporation (the
"Company"), as of December 31, 1997 and 1996, and the related statements of
operations, stockholders' equity, and cash flows for the years ended December
31, 1997 and 1996. The Independent Auditor's Report contained an opinion which
included a paragraph discussing uncertainties related to continuation of the
Company as a going concern.
We resigned as Auditor of the Company due to a Share Purchase Agreement that
changed the principal shareholder of the Company.
In connection with audits of fiscal years for 1997 and 1996 and any interim
period preceding resignation, no disagreements exist with any former accountant
on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope of procedure, which disagreements if not resolved
to the satisfaction of the former accountant would have caused the accountant to
make reference in connection with his report to the subject matter of the
disagreement(s).
Sincerely yours,
/s/Darrell T. Schvaneveldt
Darrell T. Schvaneveldt
