Cypost Corp Watch

from 8-K/A 1 page Exhibit 1 Securities and Exchange Commission Washington, DC 20549 November 21, 2000 Dear Sirs: We Previously Acted as Independent Auditors for Cypost Corporation (The "Company") for the Year Ended December 31, 1999 and We Have Been Advised by the Company That We Will Be Succeeded as Auditors by Hollander, Lumer & Co. Llp. We Have Received and Reviewed the Amendment No. 1 to Form 8-K, as Filed on November 21, 2000 Reporting in Item 4 the Change in the Company's Certifying Accountant and Have No Disagreements With the Statements Made Therein by the Registrant. Yours Truly, /S/ Arthur Andersen Llp <page>

from 8-K 1 page Exhibit 1 Securities and Exchange Commission Washington, DC 20549 October 31, 2000 Dear Sirs: We Previously Acted as Independent Auditors for Cypost Corporation (The "Company") for the Year Ended December 31, 1999 and We Have Been Advised by the Company That We Will Be Succeeded as Auditors by Hollander, Lumer & Co. Llp. We Have Received and Reviewed the Form 8-K Dated October 24, 2000 Reporting in Item 4 the Change in the Company's Certifying Accountant and Agree With the Statements Made Therein by the Company. Yours Truly, /S/ Arthur Andersen Llp <page>

from 8-K ~20 pages Acquisition Agreement