EXHIBIT 17.0 Michael C.W. Tay 1422 Chestnut St., Suite 410 Philadelphia, PA 19102-2510 Tel: (215) 569-9175 Fax: (215) 569-4710 January 18, 2001 Guiseppe P. Giustiniano President Tower Global Ventures Corp. 202 Oakland Avenue New Britain, CT 06053 Dear Mr. Giustiniano, Effective immediately, I am resigning as Director, President, Secretary and Treasurer of Tower Global Ventures Corp. My final act as President of the corporation was to ensure that the company is current in all of its financial reports as required by the Securities and Exchange Commission under the Securities Exchange Act of 1934. Sincerely, /s/ Michael C.W. Tay -------------------- Michael C.W. Tay