EX-99.1 2 ex991001.txt UNAUDITED FINANCIAL STATEMENTS

NOTE 1: Reclassification of prior year adjustment, not known at filing date, charged against pre-petition equity and monthly amortization recorded as non-operating income on MOR-2. NOTE 2: Interest in subsidiaries decreased due to sale of subsidiaries. NOTE 3: Decrease due to reversal of post-petition dividends accrued.

NOTE: Interest expense was abated upon petition of bankruptcy. Interest income from subsidiaries decreased due to the sale of some subsidiaries. Interest income in October increased due to a few subsidiaries' recording September interest after parent company had closed the month of September.

NOTE #1: Certain accrued expenses, pre-petition, were unsupported or unsubstantiated and, therefore, were reversed to non-operating income. NOTE #2: Management determined certain management fee receivables, totalling $114,672 were uncollectible NOTE #3: Reversal of dividends recorded post-petition. NOTE #4: Purchased services increased due to accrual of invoices received at the end of the month.

Note:Increase in working capital advance to subsidiaries due to payment of Trustee Fees on their behalf and to ensure timely filing and payment.

* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.

PROMEDCO MANAGEMENT CO 8-K