Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[BigTips]

ANOTHER Scary thing is this: 6 years is real. Just need to do your research.

http://web.archive.org/web/20010419002711/www.qbid.net/opinion.htm

May 20, 2000

Triangle Multimedia Limited

Palm Springs, CA

To the Shareholders and the Board of Directors of Triangle Multimedia Limited:

We have audited the accompanying consolidated balance sheet of Triangle Multimedia, Inc. and its wholly owned subsidiary Palm Springs Television Studios, Inc. (A Development Stage Company) as of March 31, 2000, including the related consolidated statement of operations and deficit and cash flows for the year then ended. These consolidated financial statements are the responsibility of the Corporation’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit 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 financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating an overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Triangle Multimedia Limited and its wholly owned subsidiary Palm Springs Television Studios, Inc. (A Development Stage Company) as of March 31, 2000, and the results of their operations and deficit and cash flow for the year then ended in accordance with generally accepted accounting principles.

H.M. Richard & Associates

An Accountancy Corporation