EX-99.1 3 dex991.txt MONTHLY OPERATING REPORT Exhibit 99.1 -------------------------------------- CASE NAME: NTELOS Inc. et al. ACCRUAL BASIS -------------------------------------- CASE NUMBER: 03-32094-DOT -------------------------------------- JUDGE: -------------------------------------- UNITED STATES BANKRUPTCY COURT Eastern District of Virginia DIVISION MONTHLY OPERATING REPORT MONTH ENDING: April 30, 2003 INACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-6) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE /[1]/. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE RESPONSIBLE PARTY: /s/ Michael B. Moneymaker Senior VP & Chief Financial Officer ------------------------------------------ ------------------------------------ ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Michael B. Moneymaker May 30, 2003 ------------------------------------------ ------------------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: __________________________________________ ____________________________________ ORIGINAL SIGNATURE OF PREPARER TITLE __________________________________________ ____________________________________ PRINTED NAME OF PREPARER DATE Chapter 11 Filings Ntelos Inc., et al Note that the attached monthly operating report for NTELOS Inc. and its Subsidiaries is on a consolidated basis. These Subsidiaries are indicated below along with the corresponding case numbers. Case No. Debtor ----------- ------------------------------------------ 1 03-32115 Botetourt Leasing, Inc. 2 03-32111 NA Communications, Inc. 3 03-32105 NTELOS Cable Inc. 4 03-32099 NTELOS Cable of Virginia Inc. 5 03-32100 NTELOS Communications Services Inc. 6 03-32107 NTELOS Cornerstone Inc. 7 03-32094 NTELOS Inc. 8 03-32104 NTELOS Licenses Inc. 9 03-32101 NTELOS NetAccess Inc. 10 03-32103 NTELOS Network Inc. 11 03-32097 NTELOS of Kentucky Inc. 12 03-32096 NTELOS of Maryland Inc. 13 03-32108 NTELOS PCS Inc. 14 03-32098 NTELOS PCS North Inc. 15 03-32102 NTELOS Telephone Inc. 16 03-32095 NTELOS Wireless Inc. 17 03-32119 R&B Cable, Inc. 18 03-32106 R&B Communications, Inc. 19 03-32114 R&B Network, Inc. 20 03-32093 Richmond 20MHz, LLC 21 03-32112 Roanoke & Botetourt Telephone Company 22 03-32121 The Beeper Company 23 03-32123 Virginia PCS Alliance, L.C. 24 03-32109 Virginia RSA 6 Cellular Limited Partnership 25 03-32131 Virginia Telecommunications Partnership 26 03-32127 West Virginia PCS Alliance, L.C. NTELOS Inc. (Debtor-In-Possession) Condensed Consolidated Comparative Balance Sheets/1/ (Amounts in thousands)

/(1)/ The Debtor's ongoing balance sheet review and reconciliation procedures may reveal additional required balance sheet reclassifications. NTELOS Inc. (Debtor-In-Possession) Condensed Consolidated Comparative Balance Sheets/1/ (Amounts in thousands)

/(1)/ The Debtor's ongoing balance sheet review and reconciliation procedures may reveal additional required balance sheet reclassifications. NTELOS Inc. (Debtor-In-Possession) Income Statement 2003

*NOTE: The revenues reflected in this statement have been reduced by I/C revenue eliminations of $.5 million for both periods presented. There is no EBITDA impact from these eliminations. **Represents the period March 4, 2003 through March 31, 2003. NTELOS Inc. and Subsidiaries AS REPORTED Consolidating Income Statement - Current Month April 30, 2003

/1/ The debtors included in this segment are: NTELOS Telephone Inc. and Roanoke & Botetourt Telephone Company. /2/ The debtors included in this segment are: R&B Network, Inc., NTELOS Network Inc. (VA Network operations), NTELOS Wireless Inc. (WV Network operations owned by NTELOS Wireless Inc.), Virginia Telecommunications Partnership, & VITAL. /3/ The debtors included in this segment are: R&B Network, Inc.(R&B CLEC operations), NA Communications, Inc., NTELOS Network Inc. (VA CLEC operations), & NTELOS Wireless Inc. (WV CLEC operations owned by NTELOS Wireless Inc.). /4/ The debtors included in this segment are: R&B Communications, Inc. (R&B ISP operations), NTELOS Network Inc.(VA ISP operations), NTELOS Cornerstone Inc., & NTELOS Wireless Inc. (WV ISP operations owned by NTELOS Wireless Inc.). /5/ The debtors included in this segment are: Richmond 20MHz, LLC, VA RSA 6 Cellular Limited P'ship, Virginia PCS Alliance, L.C., West Virginia PCS Alliance, L.C., & NTELOS PCS North Inc. /6/ The debtors included in this segment are: NTELOS Wireless Inc. (represents books of Wireless corporate/shared functions). /7/ The debtors included in this segment are: NTELOS Wireless Inc. (represents the primary paging market operations) & The Beeper Company. /8/ The debtors included in this segment are: NTELOS Communications Services Inc., NTELOS Cable of Virginia Inc., NTELOS Cable Inc., & R&B Cable, Inc. /9/ The debtors included in this segment are: NTELOS Inc., & R&B Communications, Inc. (R&B Holding Company operations). /10/ This column contains intercompany eliminations only. NTELOS Inc. (Debtor-in-possession) Cash Flow Exhibit

------------------------------------- CASE NAME: NTELOS Inc. et al. ACCRUAL BASIS-4 ------------------------------------- CASE NUMBER: 03-32094-DOT -------------------------------------

NTELOS Inc. Cautionary Statement The Company cautions readers not to place undue reliance upon the information contained herein. The Monthly Operating Report ("Operating Report") contains unaudited information, and is in a format prescribed by the applicable bankruptcy laws. There can be no assurance that the Operating Report is complete. The Operating Report also contains information for a period which is shorter than those contained in the Company's reports pursuant to the Securities Exchange Act of 1934, as amended ("Exchange Act"). The information contained in the Operating Report might not be indicative of the Company's financial condition or operating results for the period that would be reflected in the Company's financial statements. Results set forth in the Operating Report should not be viewed as indicative of future results. Moreover, the Operating Report and other communications from the Company may include forward-looking statements subject to various assumptions regarding the Company's operating performance that may not be realized and are subject to significant business, economic and competitive uncertainties and contingencies, including those described in this report, many of which are beyond the Company's control. Consequently, such matters should not be regarded as a representation or warranty by the Company that such matters will be realized or are indicative of the Company's financial condition or operating results for future periods or the periods covered in the Company's reports pursuant to the Exchange Act. Actual results for such periods may differ materially from the information contained in the Operating Report and the Company undertakes no obligation to update or revise the Operating Report. The Operating Report, as well as other statements made by representatives of the Company, may contain "forward-looking statements" concerning the Company's future expectations, financial and operating projections, plans, strategies and the trading market for its securities, including the Company's ability to finalize the terms of a plan of reorganization acceptable to the Company's senior noteholders and bank group. Forward-looking statements made by the Company are based on a number of assumptions, estimates and projections. These statements are not guarantees of future performance and involve risks and uncertainties, including those relating to (i) the impact of the bankruptcy filing on the Company's business, (ii) the interest of market makers and others in maintaining an active market for the Company's securities, (iii) the Company's ability to operate under debtor-in-possession financing, (iv) the Company's ability to develop, prosecute, confirm and consummate a plan of reorganization, (v) the Company' ability to maintain vendor, lessor and customer relationships while in bankruptcy, (vi) the additional expenses associated with bankruptcy as well as the possibility of unanticipated expenses, and (vii) market conditions and competition in the communications industry generally and those set forth in documents filed by the Company with the Securities and Exchange Commission, and any significant deviations from these assumptions could cause actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to revise or update such forward-looking statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company's various pre-petition liabilities and securities. At this time, it is not possible to predict the final outcome of the bankruptcy proceedings.

NTELOS INC 8-K