[SCHWARTZ LEVITSKY FELDMAN LLP]
August 3, 2000
Securities and Exchange Commission
Washington, DC 20549
Ladies and Gentlemen:
We were previously principal accountants for Goran Capital Inc. (the "Company")
and under the date of March 14, 2000, except for Note 23, which is as of March
23, 2000, we reported on the consolidated financial statements of the Company,
as of December 31, 1999 and 1998, and for the years ended December 31, 1999 and
1998. On August 3, 2000, we resigned as the principal accountants of the
Company.
We have read the Company's statements included under Item 4 of its Form 8-K
dated August 4, 2000, and we agree with such statements, except that we are not
in a position to agree or disagree with the Company's statements that the
appointment of BDO Seidman, LLP ("BDO") was made by the Company's Board of
Directors and approved by its Audit Committee; and neither management nor anyone
on its behalf consulted with BDO regarding the application of accounting
principles to a specific transaction, either completed or proposed , or the type
of audit opinion that might be rendered on the Company's financial statements,
and neither a written report nor oral advice was provided to the Company, that
BDO concluded was an important factor considered by the Company in reaching a
decision as to the accounting, auditing or financial reporting issue during the
Company's two most recent fiscal years and the subsequent interim period prior,
to engaging BDO.
Very truly yours,
SCHWARTZ LEVITSKY FELDMAN LLP
Per: Katherine Evans, C.A.
Partner
KE/av
