Bowman & Bowman, P.A. Certified Public Accountants 1705 Colonial Blvd., Suite D-1 Fort Meyers, Florida 33907 (941) 939-2301 (941) 939-1297 (fax) Date: 8/17/99 To: G. Richard Chamberlin Mr. Chamberlin: With the changes made in the draft dated today 8/17/99 to Item 4 and the changes we discussed verbally regarding the "Field letter" we Bowman & Bowman are in agreement with the contemplated disclosures in Equity Growth's 8-KSB. This memo is addressed to Equity Growth and Item 4-(a)(3) needs to reflect the fact that no notice is being sent directly to the Commissioner or to the SEC but that this acknowledgement may be attached to the 8-KSB. /s/ Larry Bowman Larry Bowman Bowman & Bowman P.A. 10