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Our audit was performed for the purpose of forming an opinion on the basic financial statements <br />of NETCADA taken as a whole. The accompanying schedule of expenditures of federal awards <br />and schedule of expenditures of state awards required by U.S. Office of Management and Budget <br />Circular A-133, AUDITS OF STATES, LOCAL GOVERNMENTS AND NON-PROFIT <br />ORGANIZATIONS, is not a required part of the basic financial statements. Such information <br />has been subjected to the auditing procedures applied in the audit of the basic financial <br />statements and, in our opinion, is fairly stated, in relation to the basic financial statements taken <br />as a whole. <br /> <br />Paris, Texas Certified Public Accountants " <br />June 5, 2003 <br /> <br /> <br />