We hereby consent to the use in the Adriatic Holdings Limited registration
statement, on Form SB-2, of our report dated March 10, 2000, accompanying the
financial statements of Adriatic Holdings Limited as of and for the year ended
December 31, 1999 and the period from inception (July 9, 1998) through December
31, 1998 which is part of the registration statement and to the reference to us
under the heading "Experts" in such registration statement.

                                       SPICER, JEFFRIES & CO.

Denver, Colorado
August 23, 2000