Circuit City 1998 Annual Report Download - page 22

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INDEPENDENT AUDITORS' REPORT
The Shareholders and Board of Directors of
GLOBAL DIRECTMAIL CORP:
We have audited the accompanying consolidated balance sheets of Global DirectMail Corp and its subsidiaries, (the "Company"), as of
December 31, 1998 and 1997 and the related consolidated statements of net income, shareholders' equity and cash flows for each of the three
years in the period ended December 31, 1998. 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 generally accepted auditing standards. 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, such consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company
at December 31, 1998 and 1997, and the consolidated results of their operations and their cash flows for each of the three years ended
December 31, 1998 in conformity with generally accepted accounting principles.
/s/ DELOITTE & TOUCHE LLP
New York, New York
February 4, 1999