1. ORGANIZATION AND BUSINESS
AVALON HOLDING GROUP, INC
(the Company) was incorporated under the laws of the State of Nevada, U.S. on July 28, 2008.
||Development Stage Activities|
The Company is in the development
stage as defined under ASC 915 and commenced operations in the entertainment and amusement industry by placing and operating amusement
gaming machines in public venues with high traffic flow in Russia. For the period from inception on July 28, 2008 through April
30, 2012, the Company has generated $446 in revenues and has accumulated losses of $90,454.
Based upon our business plan,
we are a development stage enterprise, and we present our financial statements in conformity with the accounting principles generally
accepted in the United States of America. As a development stage enterprise, we disclose the deficit accumulated during
the development stage and the cumulative statements of operations and cash flows from our inception to the current balance sheet