EXHIBIT 16 LETTERHEAD OF CLANCY AND CO., P.L.L.C. February 18, 2002 Office of the Chief Accountant Securities and Exchange Commission 450 Fifth Avenue, N.W. Washington, D.C. 20549 Dear Sir/Madam: We have read the first two paragraphs of Item 4 included in the Form 8-K of Mountain States Capital, Inc. to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein. Very truly yours, /s/ Clancy and Co., P.L.L.C. Clancy and Co., P.L.L.C. Copy to: Louie A. Mukai, Chapter 11 Trustee Mr. Jeff Williams, Corporate Counsel (Internal) Mountain States Capital, Inc.