[KATZEN MARSHALL LOGO]
CONSENT OF INDEPENDENT VALUATION SPECIALIST
April 15, 2008
Mr. David Darnell
Chief Financial Officer
INTAC International, Inc.
12221 Merit Drive
Suite 600
Dallas, TX 75251
Dear Mr. Darnell:
We hereby consent to the inclusion in the registration statement on Form S-1 of HSW International, Inc. and any amendments thereto (the "Registration Statement") of references to our report relating to the preliminary valuation of the total invested capital, intangible assets and distribution business of INTAC International, Inc. ("INTAC") and to references to our firm's name therein.
In giving such consent, we do not hereby admit that we come within the category of a person whose consent is required under Section 7 or Section 11 of the Securities Act of 1933, as amended, or the rules and regulations adopted by the Securities and Exchange Commission thereunder, nor do we admit that we are experts with respect to any part of such Registration Statement within the meaning of the term "experts" as used in the Securities Act of 1933, as amended or the rules and regulations of the Securities and Exchange Commission thereunder. The responsibility for determining the fair value of the total invested capital; intangible assets and distribution business of INTAC rests solely with INTAC and our preliminary valuation report were used as part of INTAC's analysis in reaching their conclusion of value.
Sincerely,
Katzen Marshall
| By: | /s/ DAVID T. MARSHALL David T. Marshall Vice President |
14800 Quorum Drive, Suite 450 Dallas, Texas 75254 Ph 972 991 8258 Fax 972 991 0814
