MERDINGER, FRUCHTER, ROSEN & COMPANY, P.C. CERTIFIED PUBLIC ACCOUNTANTS 888 SEVENTH AVENUE NEW YORK, NY 10106 ----------------- Securities and Exchange Commission 450 5th Street N.W. Washington, D.C. 20549 Gentlemen: We have read and do not agree with one of the representations in Item 4 of Form 8-K of Exotics.com, Inc. dated September 5, 2002, and filed on October 16, 2002. Specifically, our report on the financial statements for the two most recent fiscal years was modified as to uncertainty that the Company will continue as a going concern. /s/ Merdinger, Fruchter, Rosen & Company, P.C. MERDINGER, FRUCHTER, ROSEN & COMPANY, P.C. Certified Public Accountants New York, New York October 16, 2002