REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS



To the Stockholders and Board of Directors of
   InterConnect West, Inc.
Salt Lake City, Utah


We have audited the accompanying  balance sheet of InterConnect West, Inc. (an S
Corporation), as of December 31, 1995, and the related statements of operations,
stockholders'  equity  and cash  flows for the  period  April 21,  1995 (date of
inception)  to  December  31,  1995.   These   financial   statements   are  the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards  require that we plan and perform the audit to obtain reasonable
assurance   about  whether  the  financial   statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the financial position of InterConnect West, Inc. (an S
Corporation) as of December 31, 1995, and the results of its operations and cash
flows for the period April 21, 1995 (date of inception) to December 31, 1995, in
conformity with generally accepted accounting principles.




October 31, 1996
Salt Lake City, Utah







<PAGE>
<TABLE>
<CAPTION>
                             INTERCONNECT WEST, INC.
                                  BALANCE SHEET
                                December 31, 1995


ASSETS

CURRENT ASSETS

<S>                                                                      <C>    
   Cash and cash equivalents ...................................         $17,782
   Accounts receivable, net of allowance
      for doubtful accounts of $5,357 ..........................          17,770

         Total Current Assets ..................................          35,552

PROPERTY AND EQUIPMENT, at cost, net
   of accumulated depreciation (Notes 2 and 3) .................          23,638

                                                                         $59,190

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

<S>                                                                    <C>     
   Accounts payable ................................................   $  4,822
   Accrued expenses ................................................     21,629
   Current portion of long-term debt (Note 4) ......................      4,284

      Total Current Liabilities ....................................     30,735

LONG-TERM DEBT (Note 4) ............................................     25,716

COMMITMENTS AND CONTINGENCIES
   (Notes 6, 7 and 8) ..............................................       --

STOCKHOLDERS' EQUITY

   Common stock, $1,00 par value; authorized
   1,000,000 shares; issued and outstanding 1,000 shares (Note 5) ..      1,000
   Additional paid-in capital (Note 5) .............................      3,764
   Retained deficit ................................................     (2,025)

      Total Stockholders' Equity ...................................      2,739

                                                                       $ 59,190
</TABLE>
   The accompanying notes are an integral part of these financial statements.
<PAGE>
<TABLE>
<CAPTION>
                             INTERCONNECT WEST, INC.
                             STATEMENT OF OPERATIONS
     For the Period April 21, 1995 (Date of Inception) to December 31, 1995


REVENUES

<S>                                                                   <C>      
   Advertising income .........................................       $ 103,854
   Consulting income ..........................................          22,419
   Graphics design income .....................................          19,944
   Other income ...............................................             196

      Total Revenues ..........................................         146,413

COST OF SALES .................................................          80,613

GROSS PROFIT ..................................................          65,800

GENERAL AND ADMINISTRATIVE EXPENSES

   Auto expense ...............................................           3,760
   Bad debt expense ...........................................           5,357
   Depreciation ...............................................           4,882
   Insurance ..................................................             732
   Interest ...................................................           3,685
   Meals and entertainment ....................................           1,253
   Other 3,765
   Office supplies ............................................           2,985
   Professional ...............................................           2,204
   Rent .......................................................           6,951
   Recruiting expense .........................................           6,287
   Telephone ..................................................          17,255
   Wages and employee benefits ................................           8,709

      Total General and Administrative Expenses ...............          67,825

       Net loss ...............................................       $  (2,025)

      Loss per share (Note 2) .................................       $   (2.03)

      Weighted average number of shares outstanding ...........           1,000
</TABLE>

   The accompanying notes are an integral part of these financial statements.
<PAGE>
<TABLE>
<CAPTION>
                             INTERCONNECT WEST, INC.
                             STATEMENT OF CASH FLOWS
     For the Period April 21, 1995 (Date of Inception) to December 31, 1995


CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                                    <C>      
   Net loss ........................................................   $ (2,025)
   Adjustments to reconcile net loss to cash provided
      by operating activities:
      Depreciation .................................................      4,882
      Bad debt expense .............................................      5,357
   Changes in operating assets and liabilities:
      Accounts receivable ..........................................    (23,127)
      Accounts payable .............................................      4,822
      Accrued expenses .............................................     21,629

         Net Cash Provided by Operating Activities .................     11,538

CASH FLOWS FROM INVESTING ACTIVITIES:

   Acquisition of property and equipment - net .....................    (23,756)

         Net Cash Used in Investing Activities .....................    (23,756)

CASH FLOWS FROM FINANCING ACTIVITIES:

   Issuance of long-term debt ......................................     30,000

         Net Cash Provided by Financing Activities .................     30,000

   Net increase in cash and cash equivalents .......................     17,782
   Cash and cash equivalents at beginning of period ................       --

         Cash and Cash Equivalents at End of Period ................   $ 17,782

SUPPLEMENTAL SCHEDULE OF NON-CASH
   INVESTING AND FINANCING ACTIVITIES

      Transfer of assets and assumption of liabilities
         in exchange for 1,000 shares of common stock (See Note 5) .   $  4,764
</TABLE>

   The accompanying notes are an integral part of these financial statements.
<PAGE>
<TABLE>
<CAPTION>

                             INTERCONNECT WEST, INC.
                        STATEMENT OF STOCKHOLDERS' EQUITY
     For the Period April 21, 1995 (Date of Inception) to December 31, 1995


                                                     Additional
                                      Common Stock    Paid-in  Retained
                                     Shares Amount    Capital   Deficit    Total
Issuance of common shares
   for assets and the assumption
   of liabilities ($4.76 per share)
<S>                                  <C>    <C>      <C>      <C>       <C>    
   (Note 5) .....................    1,000  $ 1,000  $ 3,764  $  --     $ 4,764
Net loss for the period April 21,
   1995 (date of inception) to
   December 31, 1995 ............     --       --       --     (2,025)   (2,025)

Balance at December 31, 1995 ....    1,000  $ 1,000  $ 3,764  $(2,025)  $ 2,739
</TABLE>

   The accompanying notes are an integral part of these financial statements.
<PAGE>


                             INTERCONNECT WEST, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                December 31, 1995



1. ORGANIZATION AND BUSINESS ACTIVITY

Interconnect  West, Inc. (the Company) was organized under the laws of the State
of Utah on April 21, 1995.  The Company  provides  Internet  marketing  services
including the graphic design of web sites,  consulting  and Internet  connection
services.  The Company also sells store front sites in an on-line mall displayed
on the world wide web designed and operated by the Company  called Access Market
Square.

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash and Cash Equivalents

The Company  considers all highly  liquid  instruments  purchased  with original
maturities of less than three months to be cash equivalents.

Income Taxes

The Company has elected to be taxed under the  provisions of Subchapter S of the
Internal Revenue Code. Under those provisions,  the Company does not pay federal
corporate  income taxes on its taxable income.  Instead,  the  shareholders  are
liable for  individual  federal  income taxes on their  respective  share of the
Company's taxable income.

As  described  in Note 7 to the  financial  statements,  on June 17,  1996,  the
Company entered into an agreement with Eurotronics  Holdings  Incorporated (EHI)
whereby,  the Company would exchange all of its issued and outstanding shares of
capital  stock for 90% of the issued and  outstanding  common stock of EHI. As a
result, the Company will lose its "S" status classification and will be taxed as
a "C" corporation under the Internal Revenue Code.

Property and Equipment

Property and  equipment  are stated at cost.  Depreciation  is  calculated  on a
straight-line  basis over the estimated useful lives of the assets.  Maintenance
and repairs are charged to operations  when incurred.  Betterments  and renewals
are capitalized.

Dividend Policy

The Company  anticipates  that for the  foreseeable  future its earnings will be
retained for use in its business and no cash dividends will be paid. Declaration
and payment of dividends  will remain  within the  discretion  of the  Company's
board of directors  and will depend upon the Company's  growth ,  profitability,
financial  condition  and other  factors  which the board of directors  may deem
appropriate.
<PAGE>
                             INTERCONNECT WEST, INC.
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 1995

2.   SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES (continued)-

Estimates and Assumptions

Management uses estimates and assumptions in preparing  financial  statements in
accordance with generally accepted  accounting  principles.  Those estimates and
assumptions  affect  the  reported  amounts  of  assets  and  liabilities,   the
disclosure of contingent  assets and liabilities,  and the reported revenues and
expenses.  Actual  results  could vary from the  estimates  that were assumed in
preparing the financial statements.

Loss Per Share

The  computation  of  primary  loss per share is based on the  weighted  average
number of shares outstanding during the period.

3.  PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 1995:

   Equipment                                      $29,920
     Office furniture                                 969
                                                  --------
                                                    30,889
   Less accumulated depreciation                    (7,251)

                                                    $23,638
                                                    =======

Depreciation  expense  for the  period  April 21,  1995 (date of  inception)  to
December 31, 1995 was $4,882.

4.  LONG-TERM DEBT

At  December  31,  1995,  long-term  debt  consisted  of a  note  payable  to an
individual in the amount of $30,000, with interest at 12% per annum. All accrued
and unpaid  interest shall be paid on the first day of each twelve full calender
months following June 1, 1995. Thereafter,  the principal amount and accrued and
unpaid interest shall be payable in 36 monthly  installments of $996, payable on
the first day of each calender  month  beginning on July 1, 1996,  and ending on
June 1, 1999,  on which date all  outstanding  principal  and accrued and unpaid
interest  will be due and payable.  A late charge of 5% of any late payment will
be due if payment has not been  received  within five days of its due date.  The
note is unsecured.
<PAGE>
                             INTERCONNECT WEST, INC.
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 1995

4.  LONG-TERM DEBT (Continued)

The annual maturities of long-term debt for the next five years are as follows:

        Year ending
        December 31                       Amount

           1996                          $  4,284
           1997                            10,209
           1998                            11,619
           1999                             3,888
           2000                                -

                                           $30,000
                                           =======

5.  COMMON STOCK

On April  21,  1995  (date of  inception),  the  Company's  primary  stockholder
transferred  assets and  liabilities  to the Company in the net amount of $4,764
(valued at the  stockholder's  basis) in exchange for 1,000 shares of the common
stock of the Company.

6.  LEASES

The Company is obligated under one operating lease for rental of office space as
follows:

Rental  expense for an  operating  lease for the period  April 21, 1995 (date of
inception) to December 31, 1995  approximated  $7,000.  The Company is obligated
under the operating  lease agreement to pay lease payments of $876 per month for
the period  January  1, 1996  through  June 30,  1996 and $924 per month for the
period July 1, 1996 through  December 31, 1996. The Company may extend the lease
for one  additional  year by giving the landlord sixty days written notice prior
to the expiration of the lease.
<PAGE>
                             INTERCONNECT WEST, INC.
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 1995



6.  LEASES (Continued)

Future  minimum lease payments under the  noncancellable  operating  lease as of
December 31, 1995 are as follows:

        Year ending
        December 31                                Amount

            1996                                  $10,300
   1997                                                 -
   1998                                                 -
   1999                                                 -
   2000                                                 -

   Total minimum lease payments                   $10,300
                                                  ========

7.  SUBSEQUENT EVENT

On June 17,  1996,  the  Company  entered  into an  agreement  with  Eurotronics
Holdings  Incorporated  (EHI)  whereby,  the Company  would  exchange all of its
issued  and  outstanding  shares  of  capital  stock for 90% of the  issued  and
outstanding common stock of EHI which shall be issued pursuant to Rule 144 under
the Securities Act of 1933. From the date of closing,  the Company will become a
wholly-owned  subsidiary  of EHI and the name of EHI will be  changed  to Access
Market  Square,  Inc.  Both  parties  agree to utilize  the  services  of Canton
Financial Services Corporation (CFSC) in connection with the Agreement.  EHI and
the Company  agree to issue to James  Tilton (the  president  of EHI) 10% of the
then currently  issued and outstanding  common stock. The total amount of common
stock then currently issued and outstanding, including Mr. Tilton's shares, will
then be reduced to 2.5% of EHI's issued and outstanding by the issuance of 4000%
of the quantity of common stock then issued and outstanding,  including 3600% to
the Company and 400% to CFSC. CFSC will also receive  $100,000  payable at EHI's
option in either  cash or common  stock  issued  pursuant  to Form S-8 under the
Securities  Act of 1933.  CFSC shall also be  reimbursed  for expenses  incurred
during and in relation to the furtherance of this transaction.

8. LITIGATION

On February 3, 1995,  Milne Jewelry  Company  asserted  through Counsel that the
Company  infringed its trade dress and copyright in and to its Internet web site
by its  involvement  in a so called "Santa Fe Silver Trading Post" web site. The
Company responded by denying the allegations and by taking
<PAGE>
                             INTERCONNECT WEST, INC.
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 1995

8. LITIGATION (Continued)

steps to have the  allegedly  offending  material  removed.  Counsel  for  Milne
Jewelry  Company  posted  a  letter  dated  February  23,  1995  continuing  its
allegations.  No action  has been  taken  subsequent  to that by  either  party.
Counsel for the Company states that no meaningful  evaluation as to the range of
potential loss resulting from an unfavorable outcome can be made.