Mail Stop 4561
								July 22, 2005

Finotec Group, Inc.
18 West 33rd Street, Second Floor
New York, NY 10005

Re:	Finotec Group, Inc.
	Item 4.01 Form 8-K
      Filed July 14, 2005
	File No. 033-20966

Dear Didier Essemini:

      We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with more
information so we may better understand your disclosure.  After
reviewing this information, we may raise additional comments.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or any other aspect
of
our review.  Feel free to call us at the telephone numbers listed
at
the end of this letter.

Form 8-K - General compliance:
1. You state that on June 10, 2002 the Company dismissed Hoberman,
Miller, Goldstein & Lesser, P.C., C.P.A. as your principal public
accountant and engaged Gvilli & Co., C.P.A.  This is inconsistent
with your disclosure that Hoberman Miller rendered an opinion on
the
fiscal year ended January 31, 2004 and 2003 financial statements.
We
also note that the cover of your Form 8-K discloses May 16, 2005
as
the date of the earliest event reported.  Please revise as
necessary
or explain.

Engagement of new accountant:
2. We note your disclosure related to Items 304(a)(2)(i) and (ii)
in
paragraph five of your report.  You current disclosure focuses on
your relationship with Miller, Goldstein & Lesser, P.C., C.P.A.
Please amend to discuss the Company`s consultations, if any with
Gvilli & Co., C.P.A., the newly engaged accountant.  In making any
disclosures about consultations with your new accountant, please
ensure you disclose any consultations up through the date of
engagement.

Exhibit 16:
3. Please file a letter from your former accountant, indicating
whether or not they agree with your disclosures in the Form 8-K.

To the extent that you make changes to the Form 8-K to comply with
our comments, please obtain and file an updated Exhibit 16 letter
from the former accountants stating whether the accountant agrees
with the statements made in your revised Form 8-K.


       As appropriate, please amend your filing and respond to
these
comments within five business days or tell us when you will
respond.
You may wish to provide us with marked copies of the amendment to
expedite our review.  Please furnish a cover letter with your
amendment that keys your responses to our comments and provides
any
requested information.  Detailed cover letters greatly facilitate
our
review.  Please understand that we may have additional comments
after
reviewing your amendment and responses to our comments.

	 We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities
Exchange Act of 1934 and that they have provided all information
investors require for an informed investment decision.  Since the
company and its management are in possession of all facts relating
to
a company`s disclosure, they are responsible for the accuracy and
adequacy of the disclosures they have made.

	In connection with responding to our comments, please
provide,
in writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filing;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filing or in
response to our comments on your filing.

	If you have any questions, please call Benjamin Phippen,
Staff
Accountant at (202) 551-3697.

							Sincerely,



							Benjamin Phippen
							Staff Accountant