Monday, August 09, 2004

Fired Auditors Cover Their Assets?

I'll make no comment on this until after this Friday (8/13/04) other than to say it makes me wonder just what the heck really is going on.

From FORM 8-K/A Filed By SVC Financial Services With The SEC August 9, 2004

Exhibit 16.1

August 6, 2004

Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, D.C. 20549


Commission File No. 000-26969

Ladies and Gentlemen:

We have read Item 4 of SVC Financial Services, Inc.'s Form 8-K/A dated August 3, 2004, and we agree with such statements, except that [emphasis added]

(1) in reference to item (a)(iii), we are not in a position to confirm that the change was ratified by the Board of Directors of SVC Financial on December 18, 2003 as no formal written communication was received by us regarding the change, and

(2) we are not in a position to confirm that SVC Financial Services, Inc. engaged new principal accountants on December 18, 2003, and therefore, during the fiscal years ended December 31, 2002 and 2001, and the subsequent interim period to the date hereof, SVC Financial Services, Inc. did not consult Weinberg regarding any of the matters or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-B.

Very truly yours,

/s/ Lichter, Weil & Associates

Lichter, Weil & Associates


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