Auditing Introduction Letter

Craig L. Granville

ACC/546

Financial Reporting

Todd LaPore

October 14, 2013

Executive Senior Vice-President and CFO

Apollo Shoes Inc.

100 Shoe Way

Shoetown, OH 00001

Dear Mr. Boothill,

Thank you for taking the time to speak with Don Marco, Paul Dolan, and me last week. I understand from our conversation that you recently parted ways with your former auditing firm as a result of mutually incongruent goals. I appreciate your interest in Anderson, Olds, and Watershed (AOW) and want to explain some of the many audit and assurance services that my firm has to offer.

As a publicly traded company, the Securities and Exchange Commission (SEC) requires Apollo Shoes to submit audited financial statements as part of its annual 10-K filing. The Sarbanes-Oxley Act...