Accountant's Letter Confirming Agreement with Form 8-K Disclosures – Morgan Beaumont, Inc. and Morgan & Company

Summary

Morgan & Company, Chartered Accountants, confirms that they agree with the statements made by Morgan Beaumont, Inc. (formerly Pan American Energy Corp.) in Item 4 of its Form 8-K dated October 1, 2004. The letter states that Morgan & Company was previously the principal accountant for Morgan Beaumont, Inc. but is no longer engaged in that role. It also affirms that there were no disagreements on accounting matters or auditing procedures during their engagement for the fiscal year 2003 and subsequent interim periods.

EX-4.1.1 4 morgan_8kex4-11.txt EXHIBIT 4.1.1 MORGAN COMPANY CHARTERED ACCOUNTANTS October 1, 2004 Securities and Exchange Commission 450 Fifth Street NW Washington, DC 20549 USA Dear Sirs: RE: MORGAN BEAUMONT, INC. (FORMERLY PAN AMERICAN ENERGY CORP.) FILE REFERENCE NO. 000-33389 ---------------------------------------------------------- We were previously the principal accountants for Morgan Beaumont, Inc. and we reported on the consolidated financial statements of Morgan Beaumont Inc. and subsidiaries as of the period since August 31, 2000. As of this date, we were not engaged as the principal accountants for Morgan Beaumont, Inc. We have read Morgan Beaumont, Inc.'s statements under Item 4 of its Form 8-K, dated October 1, 2004, and we agree with such statements. For the most recent fiscal year of 2003 and any subsequent interim period, there has been no disagreement between Morgan Beaumont, Inc. and Morgan & Company, Chartered Accountants, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Morgan & Company, would have caused it to make a reference to the subject matter of the disagreement in connection with its reports. Yours truly, "Morgan & Company" Chartered Accountants cc: Morgan Beaumont, Inc.