ANDERSON and ZINDER, P.C.
Certified Public Accountants
Suite 100
Park Plaza East
Denver, Colorado 80110
303/359-0800

 
Independent Auditor’s Report
 
To the Stockholders
General Ring Corporation
 
We have audited the accompanying balance sheets of General Ring Corporation as of December 31, 2007 and 2006, and the related statements of income, retained earnings, and cash flows for the years then ended. 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 audits.
 
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. 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 audits provide a reasonable basis for our opinion.
 
In our opinion, the financial statements referred to above present fairly, in all respects, the financial position of General Ring Corporation as of December 31, 2007 and 2006, and the results of the operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
 
ANDERSON AND ZINDER, P.C., CPAs
 
February 15, 2008