ENCINO, Calif., Oct. 20, 2004 (PRIMEZONE) -- Avenue Group, Inc. (OTCBB:AVNU) (the "Company") announced today that its Board of Directors has scheduled the Company's Annual Meeting of Shareholders to be held at 3:30 p.m. (Pacific Time) on December 23, 2004 at the at the offices of the Company's attorneys located at 1900 Avenue of The Stars, 7th Floor, Los Angeles, CA 90067. The purpose of the Annual Meeting will be to elect three Directors, to ratify the selection of the firm Weinberg & Company P.A. as the Company's independent accountants for the year ending December 31, 2004, and to transact any other business that may properly be conducted at the Annual Meeting. The Company has nominated its current directors, Levi Mochkin, Jonathan Herzog and Yam-Hin "Jim" Tan for election to serve as directors for an additional one-year term. The Board of Directors also fixed 5:00 p.m. (Pacific Time) on November 18, 2004, as the record date for the determination of shareholders entitled to notice of and to vote at the Annual Meeting.
For additional information about Avenue Group, Inc., please see our website at http://www.avenuegroupinc.com.