AUCTIONS PLUS INC. 1-2005 - Laserfiche WebLink

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I Report of Independent Public Accountant 1 have audited the consolidated balance sheet of Auctions Plus, as of March 31, 2004, and the related consolidated statements of earnings, shareowner equity and cash flows for the ' last three years in the period ended March 31, 2004. These financial statements are the responsibility of the Company's Management. My responsibility is to express an opinion on these financial statements based on my audits. ' I conducted my audits in accordance with generally accepted auditing standards. Those standards require that 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 the ' financial statements. An audit also includes assessing, as well as evaluating the overall financial statement presentation. I believe that my audits provide a reasonable basis for my opinion. In my opinion, the financial statements referred to above, present fairly, in all material aspects, the financial position of Auctions Plus and the results of their operations and their cash flows for the last three fiscal years in the period ended March 31, 2004, in conformity with generally accepted accounting principles. Auctions Plus financial position can be considered strong. F- L ' Anelia Manzanilla, CPA I d I I