CONSENT OF SAMIL ACCOUNTING CORPORATION
INDEPENDENT AUDITORS
The Board of Directors
NewState Capital Co., Ltd.
As independent public accountants, we hereby consent to the inclusion of our
report dated July 30, 1999, on the consolidated financial statements of NewState
Capital Co., Ltd. and its subsidiary (the "Company") as of March 31, 1999, in
the Registration Statement on Form 10-KSB. We have not audited any financial
statements of the Company subsequent to March 31, 1999 or performed any audit
procedures subsequent to the dated of our report.
/S/ SAMIL ACCOUNTING CORPORATION
Seoul, Korea
July 8, 2000
Samil Accounting Corporation is the Korean member firm of the worldwide
PricewaterhouseCoopers organization.
