UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Avalon Community Services, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, $.001 par value
- -------------------------------------------------------------------------------
(Title of Class of Securities)
05343110
- -------------------------------------------------------------------------------
(CUSIP Number)
Mark S. Cooley
5575 DTC Parkway, Suite 320, Englewood, Colorado 80111
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
September 12, 1997
- -------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
<PAGE>
SCHEDULE 13D
CUSIP NO. 05343110 PAGE 1 OF 12 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ProTrust Equity Growth Fund I, L.P.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Indiana
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
OWNED BY Class A Common Stock, subject to adjustment.
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
$2,000,000 in convertible debentures which are currently convertible
into 666,666.67 shares of Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.54%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 05343110 PAGE 3 OF 12 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ProTrust Equity Partners, LLC
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Indiana
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
OWNED BY Class A Common Stock, subject to adjustment.
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
$2,000,000 in convertible debentures which are currently convertible
into 666,666.67 shares of Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.54%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 05343110 PAGE 4 OF 12 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark S. Cooley
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
OWNED BY Class A Common Stock, subject to adjustment.
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
$2,000,000 in convertible debentures which are currently convertible
into 666,666.67 shares of Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.54%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 05343110 PAGE 5 OF 12 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeffery J. Neal
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
OWNED BY Class A Common Stock, subject to adjustment.
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
$2,000,000 in convertible debentures which are currently convertible
into 666,666.67 shares of Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.54%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 05343110 PAGE 6 OF 12 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bret N. Bearup
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
OWNED BY Class A Common Stock, subject to adjustment.
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
$2,000,000 in convertible debentures which are currently convertible
into 666,666.67 shares of Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.54%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 05343110 PAGE 7 OF 12 PAGES
---------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John M. Lang
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
OWNED BY Class A Common Stock, subject to adjustment.
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of
Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
$2,000,000 in convertible debentures which are currently convertible
into 666,666.67 shares of Class A Common Stock, subject to adjustment.
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.54%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
<PAGE>
------------------
8 OF 12 PAGES
--- ---
------------------
ITEM 1. SECURITY AND ISSUER:
-------------------
This statement relates to the Class A Common Stock, $.001 par value
per share (the "Shares"), of Avalon Community Services, Inc., a Nevada
corporation (the "Issuer"). The address of the Issuer's principal executive
offices is 13401 Railway Drive, Oklahoma City, Oklahoma 73114.
ITEM 2. IDENTITY AND BACKGROUND:
-----------------------
(a) This statement is being filed by the following Reporting Persons
: ProTrust Equity Growth Fund I, L.P., ProTrust Equity Partners, LLC, Mark S.
Cooley, Jeffery J. Neal, Bret N. Bearup and John M. Lang.
(b) The address of the principal business office of ProTrust Equity
Growth Fund I, L.P., ProTrust Equity Partners, LLC., Mark S. Cooley and
Jeffery J. Neal is 5575 DTC Parkway, Suite 320, Englewood, Colorado 80111 and
the address of the principal business office of John M. Lang and Bret N.
Bearup is 3399 Peachtree Road, N.E., Suite 2050, Atlanta, Georgia 30326.
(c) The jurisdiction of organization for ProTrust Equity Growth Fund
I, L.P. and ProTrust Equity Partners, LLC is Indiana. Mark S. Cooley, Jeffery
J. Neal, Bret N. Bearup and John M. Lang are citizens of the United States of
America.
(d) The principal business of ProTrust Equity Growth Fund I, L.P. is
to make equity investments. The principal business of ProTrust Equity
Partners, L.L.C. is to act as the general partner of ProTrust Equity Growth
Fund I, L.P. The principal occupation of Mark S. Cooley, Jeffery J. Neal,
Bret N. Bearup and John M. Lang, as managers of the general partner of
ProTrust Equity Growth Fund I, L.P., is their activities on behalf of the
above-described entities.
(e) During the five years prior to the date hereof, none of the
Reporting Persons has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or has been a party to a civil
proceeding ending in a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding a violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
-------------------------------------------------
On September 15, 1997, ProTrust Equity Growth Fund I, L.P. completed
a $2,000,000 investment in convertible debentures of the Issuer. The
convertible debentures are convertible into 666,666.67 shares of Class A
Common Stock of the Issuer, subject to adjustment. The working capital of
ProTrust Equity Growth Fund I, L.P. was the source of funds for this purchase.
No part of the purchase price was or will be represented by funds or other
consideration borrowed or otherwise obtained for the purpose of acquiring,
holding, trading or voting the securities.
ITEM 4. PURPOSE OF TRANSACTION:
----------------------
ProTrust Equity Growth Fund I, L.P. acquired the Issuer's securities
for investment purposes. Depending on market conditions, their continuing
evaluation of the business and prospects of the Issuer and other factors,
ProTrust Equity Growth Fund I, L.P. may dispose of or acquire additional
securities of the Issuer. Except for the potential placement of one of the
Reporting Persons on the Board of Directors of the Issuer, none of the
Reporting Persons has any present plans which relate to or would result in:
<PAGE>
------------------
9 OF 12 PAGES
--- ---
------------------
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or
of any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy
of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national
securities association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER:
----------------------------------------
(a) As of September 12, 1997, ProTrust Equity Growth Fund I, L.P. was
the record owner of $2,000,000 in convertible debentures (the "Convertible
Debentures")which are currently convertible into 666,666.67 shares of Class A
Common Stock of the Issuer, subject to adjustment. In its capacity as sole
General Partner of ProTrust Equity Growth Fund I, L.P., ProTrust Equity
Partners, LLC may be deemed to own beneficially the Convertible Debentures
which are currently convertible into 666,666.67 shares of Class A Common
Stock, subject to adjustment. In their capacity as managers of ProTrust Equity
Partners, LLC, Mark S. Cooley, Jeffery J. Neal, Bret N. Bearup and John M.
Lang may be deemed to own beneficially the Convertible Debentures which are
currently convertible into 666,666.67 shares of Class A Common Stock, subject
to adjustment.
Each of the Reporting Persons expressly disclaims beneficial ownership
of the Convertible Debentures or any shares of Class A Common Stock of Avalon
Community Services, Inc., except in the case of ProTrust Equity Growth Fund I,
L.P. for the $2,000,000 in Convertible Debentures which it holds of record.
(b) Number of Shares as to which each such person has
(i) Sole power to vote or direct the vote:
<PAGE>
------------------
10 OF 12 PAGES
--- ---
------------------
0 shares for each Reporting Person;
(ii) Shared power to vote or direct the vote:
ProTrust Equity Growth Fund I, L.P.: $2,000,000 in
convertible debentures which are currently convertible into
666,666.67 shares of Class A Common Stock, subject to
adjustment;
ProTrust Equity Partners, LLC: $2,000,000 in convertible
debentures which are currently convertible into 666,666.67
shares of Class A Common Stock, subject to adjustment;
Mark S. Cooley: $2,000,000 in convertible debentures which
are currently convertible into 666,666.67 shares of Class A
Common Stock, subject to adjustment;
Jeffery J. Neal: $2,000,000 in convertible debentures which
are currently convertible into 666,666.67 shares of Class A
Common Stock, subject to adjustment;
Bret N. Bearup: $2,000,000 in convertible debentures which
are currently convertible into 666,666.67 shares of Class A
Common Stock, subject to adjustment;
John M. Lang: $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of Class A Common
Stock, subject to adjustment.
(iii) Sole power to dispose or to direct the disposition:
0 shares for each Reporting Person;
(iv) Shared power to dispose or to direct the disposition:
ProTrust Equity Growth Fund I, L.P.: $2,000,000 in
convertible debentures which are currently convertible into
666,666.67 shares of Class A Common Stock, subject to
adjustment;
ProTrust Equity Partners, LLC: $2,000,000 in convertible
debentures which are currently convertible into 666,666.67
shares of Class A Common Stock, subject to adjustment;
Mark S. Cooley: $2,000,000 in convertible debentures which
are currently convertible into 666,666.67 shares of Class A
Common Stock, subject to adjustment;
Jeffery J. Neal: $2,000,000 in convertible debentures which
are currently convertible into 666,666.67 shares of Class A
Common Stock, subject to adjustment;
Bret N. Bearup: $2,000,000 in convertible debentures which
are currently convertible into 666,666.67 shares of Class A
Common Stock, subject to adjustment;
John M. Lang: $2,000,000 in convertible debentures which are
currently convertible into 666,666.67 shares of Class A Common
Stock, subject to adjustment;
(c) Except as set forth above, none of the Reporting Persons has
effected any transaction in the Shares during the last 60 days.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or any proceeds from the sale of, the
Shares beneficially owned by any of the Reporting Persons.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
-------------------------------------------------------------
RESPECT TO SECURITIES OF THE ISSUER:
------------------------------------
Not Applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS:
--------------------------------
Exhibit 1 Agreement regarding filing of joint Schedule 13D.
<PAGE>
------------------
11 OF 12 PAGES
--- ---
------------------
SCHEDULE 13D
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: September 17, 1997 PROTRUST EQUITY GROWTH FUND I, L.P.
By: PROTRUST EQUITY PARTNERS, L.L.C.
Its General Partner
By: Mark S. Cooley, Manager
/s/ Mark S. Cooley
---------------------------------
PROTRUST EQUITY PARTNERS, L.L.C.
By: Mark S. Cooley, Manager
/s/ Mark S. Cooley
---------------------------------
/s/ Mark S. Cooley
---------------------------------
Mark S. Cooley
/s/ Jeffery J. Neal
---------------------------------
Jeffery J. Neal
/s/ Bret N. Bearup
---------------------------------
Bret N. Bearup
/s/ John M. Lang
---------------------------------
John M. Lang
<PAGE>
------------------
12 OF 12 PAGES
--- ---
------------------
Exhibit 1
AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of
1934, the undersigned hereby agree that only one statement containing the
information required by Schedule 13D need be filed with respect to the
ownership by each of the undersigned of shares of stock of Avalon Community
Services, Inc.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Executed this 17th day of September, 1997.
PROTRUST EQUITY GROWTH FUND I, L.P.
By: PROTRUST EQUITY PARTNERS, L.L.C.
Its General Partner
By: Mark S. Cooley, Manager
/s/ Mark S. Cooley
---------------------------------
PROTRUST EQUITY PARTNERS, L.L.C.
By: Mark S. Cooley, Manager
/s/ Mark S. Cooley
---------------------------------
/s/ Mark S. Cooley
---------------------------------
Mark S. Cooley
/s/ Jeffery J. Neal
---------------------------------
Jeffery J. Neal
/s/ Bret N. Bearup
---------------------------------
Bret N. Bearup
/s/ John M. Lang
---------------------------------
John M. Lang
