AVALON CABLE HOLDINGS FINANCE, INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
March 31, 1999
1. Description of Business
Avalon Cable Holdings Finance, Inc. (the "Company") was formed in October
1998, pursuant to the laws of Delaware, as a wholly owned subsidiary of Avalon
Cable LLC, for the sole purpose of facilitating financings associated with the
acquisitions of various cable television companies. The Company conducts no
2. Basis of Presentation
Pursuant to the rules and regulations of the Securities and Exchange
Commission, certain financial information has been condensed and certain
footnote disclosures have been omitted. Such information and disclosures are
normally included in financial statements prepared in accordance with generally
accepted accounting principles.
These condensed financial statements should be read in conjunction with the
Company's audited consolidated financial statements at December 31, 1998 and
notes thereto included elsewhere herein.
The financial statements as of March 31, 1999 and for the three month period
then ended are unaudited; however, in the opinion of management, such
statements include all adjustments necessary to present fairly the financial
information included therein.