Haugen, Springer & Co., P.C. Certified Public Accountants - -------------------------------------------------------------------------------- 9250 East Costilla Ave, Suite 150 Robert S. Haugen, C.P.A. Englewood, CO 80112 Charles K. Springer, C.P.A. (303) 799-6969 - FAX (303) 799-6974 www.hsco.com - taxman@hsco.com August 8, 2001 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Gentlemen: We have read the statements made by Stansbury Holdings Corporation ("Stansbury") (copy attached) which we understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as part of Stansbury's Form 8-K report dated August 8, 2001. We agree with the statements concerning our Firm in such Form 8-K. Very truly yours, /s/ Haugen, Springer & Co., P.C. Haugen, Springer & Co., P.C. Members: American Institute of Certified Accountants Colorado Society of Certified Public Accountants