Adzone Research, Inc. (fka ADZR)

[Lownumba]

10Ks are by definition audited statements. (10Qs don't have to be.) The auditor's statement is there:

REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Board of Directors and Stockholders
AdZone Research, Inc.

We have audited the accompanying balance sheets of AdZone Research, Inc. (a Delaware corporation and a development stage company) as of March 31, 2003 and 2002 and the related statements of operations and comprehensive loss, changes in shareholders' equity and cash flows for the years ended March 31, 2003 and 2002 and for the period from February 28, 2000 (date of inception) through March 31, 2003. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of AdZone Research, Inc. as of March 31, 2003 and 2002 and the results of its operations and cash flows for the years ended March 31, 2003 and 2002 and for the period from February 28, 2000 (date of inception) through March 31, 2003 in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note C to the financial statements, the Company is in the development stage, has focused principally on the development of its proprietary software and has not focused efforts towards developing a mature revenue base. Accordingly, the Company is dependent on short-term loans from shareholders, officers and affiliates and/or additional private placements of equity securities to provide sufficient working capital to maintain the integrity of the corporate entity. These circumstances create substantial doubt about the Company's ability to continue as a going concern and are discussed in Note C. The financial statements do not contain any adjustments that might result from the outcome of these uncertainties.



/s/ S. W. HATFIELD, CPA
Dallas, Texas
June 30, 2003