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Technology Stocks : Avalon Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Eric Fader who wrote (153)	1/22/1998 9:12:00 AM
From: Madeleine Harrison	Read Replies (1) \| Respond to of 1530

Bernard told me their accountant was in contact with an accounting firm well-known in the midwest and that firm was doing due diligence on Avalon prior to taking them on for the audit work. This was about a month ago, and I have not spoken to Bernard about it since then. --Madly

To: Eric Fader who wrote (153)	1/22/1998 9:40:00 AM
From: Chad Beemer	Respond to of 1530

Eric, Bernard himself I believe is an accountant and as you remember they brought in a CFO last fall. Bernard is planning on calling you this week. He is busy now working on this loan so that has been consuming all of his time. Chad Beemer

To: Eric Fader who wrote (153)	1/22/1998 11:58:00 AM
From: Chad Beemer	Read Replies (2) \| Respond to of 1530

Eric, I just talked to Bernard and asked him about reporting requirements and he called the SEC attourney to get this clarified. The attourney said that it would be 12 to 18 months before anything would be done as this was just in the talking stages. AVAL does file now with the Standard and Poors even though they don't have to. They do have an accounting firm working for them but I don't know the name of the firm. I feel what the SEC is trying to do to clean up the BB is good but I am not concerned about AVAL filing the necessary forms to keep a BB listing. Chad Beemer