EXHIBIT 99.1



                                 July 1, 2002



Securities and Exchange Commission
Washington, D.C.


     Arthur Andersen SpA has represented to Centerpoint Corporation that its
audit was subject to the firm's quality control system for the U.S. accounting
and auditing practice to provide reasonable assurance that the engagement was
conducted in compliance with professional standards and that there was
appropriate continuity of Arthur Andersen personnel working on the audit,
availability of U.S. national office consultation and availability of
personnel at foreign affiliates of Arthur Andersen to conduct the relevant
portions of the audit.

                              Sincerely,

                              CENTERPOINT CORPORATION


                              By: /s/ David Fuller
                                  ------------------------------------------
                                  David Fuller, Principal Accounting Officer