Exhibit 16 Baum & Company, P.A. 1515 University Drive - Suite 209 Coral Springs, Florida 33071 January 19, 2004 Chief Accountants Office US Securities & Exchange Commission 450 Fifth Street, NW Washington, DC 20549 Gentlemen: We have read Item 4(a) of Form 8-K dated 17 November 2003 of ElectraCapital, Inc., SEC File No. 000- 28113, and are in agreement with the statements contained therein as they pertain to this firm. We have no basis to agree or disagree with other statements of the registrant contained therein. Sincerely, /s/ Baum & Company, P.A. - -------------------------- Baum & Company, P.A.