Exhibit 16 Smith & Company A Professional Corporation of Certified Public Accountants November 2, 2001 SECPS Letter File U.S. Securities and Exchange Commission Mail Stop 9-5 450 Fifth Street, NW Washington, DC 20549 RE: Galaxy Specialties, Inc. SEC File No. 000-31355 Ladies and Gentlemen: We were previously principal accountants for Galaxy Specialties, Inc., and on July 25, 2001 we reported on the financial statements of Galaxy Specialties, Inc. as of June 2001 and 2000, and for the two years ended June 30, 2001 and 2000. On October 30, 2001, we were dismissed as principal accountants. We have read Item 4 of the 8-K dated October 30, 2001, for Galaxy Specialties, Inc. and agree with the statement contained therein regarding Smith & Company. Very truly yours, Smith & Company By: /s/ Roger B. Kennard ________________________ Roger B. Kennard 10 West 100 South, Suite 700 * Salt Lake City, Utah 84101-1554 Telephone (801) 575-8297 * Facsimile (801) 575-8306