To the Stockholders
EarthWear Clothiers, Inc. |
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| We have audited the consolidated balance sheets
of EarthWear Clothiers as of December 31, 2006 and 2005, and
the related consolidated statements of operations, stockholders'
equity, and cash flows for each of the three years in the period
ended December 31, 2006. 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. |
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| We conducted our audits in accordance with the
standards of the Public Company Accounting Oversight Board
(United States). 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 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. |
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| In our opinion, the consolidated financial statements
referred to above present fairly, in all material respects,
the financial position of the Company as of December 31, 2006
and 2005, and the results of its operations and its cash flows
for each of the three years in the period ended December 31,
2006, in conformity with U.S. generally accepted accounting
principles. |
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| We also have audited, in accordance with the
standards of the Public Company Accounting Oversight Board
(United States), the effectiveness of EarthWear Clothiers'
internal control over financial reporting as of December 31,
2006, based on criteria established in Internal Control—Integrated
Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission (COSO) and our report dated February
15, 2007 expressed an unqualified opinion on management’s
assessment that EarthWear Clothiers maintain effective internal
control and an unqualified opinion that internal control was
effective. |
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Willis & Adams
Boise, Idaho
February 15, 2007 |
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