Stonefield Josephson, Inc. 2049 Century Park East, Suite 400 Los Angeles, CA 90067 Telephone: (310) 453-9400 Fax: (310)432-7532 July 23, 2007 Securities and Exchange Commission 100 F. Street, N.E. Washington, DC 20549 Gentlemen: We have read the statements made by The Saint James Company. (the "Company") pursuant to Item 4.01(a) of Form 8-K, as part of the Form 8-K to be filed by the Company on or about July 23, 2007 (copy attached.) We agree with the statements concerning our firm contained in the first sentence in the first paragraph and the third and fourth paragraphs under Item 401(a) of such Form 8-K. We have no basis to agree or disagree with the Company's other comments in the Form 8-K. Very Truly Yours, Stonefield Josephson, Inc.