UNITED ~~STATES~~ ~~SECURITIES AND EXCHANGE COMMISSION~~ STATES

~~Washington,~~SECURITIES AND ~~D.C.~~EXCHANGE ~~20549~~COMMISSION

~~______________~~WASHINGTON, DC 20549

FORM 8-K

~~______________~~CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE

~~CURRENT~~SECURITIES EXCHANGE ~~REPORT~~ACT OF 1934

~~Pursuant~~Date of report to(Date ~~Section~~of 13earliest orevent ~~15(d~~reported): ofJanuary ~~the~~16, 2008

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 25, 2007

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AVENUE GROUP, INC.

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(Exact name of Registrant as specified in its charter)

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Delaware	000-30543	90-0200077
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(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Delaware	000-30543	90-0200077
(State or other jurisdiction of incorporation)	Commission File No.)	(IRS Employer Identification No.)

405 Lexington Avenue 26th Floor

New York, New York 10174

~~(Address of principal executive offices and zip code)~~--------------------------------------------------

(Address of principal executive offices)

(888) 612-4188

~~Registrant’s telephone number, including area code~~------------------------------------------------------------------

~~Not~~ (Registrant's Telephone ~~Applicable~~Number, Including Area Code)

~~Former name or former address, if changed since last report~~----------------------------------------------------------------------------

~~Check~~ (Former Name ~~the~~or ~~appropriate~~Former ~~box~~Address, ~~below~~ if ~~the~~Changed ~~Form~~Since ~~8-K~~Last ~~filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:~~Report)

¨Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~Soliciting~~¨ Pre-commencement communications ~~material~~ pursuant to Rule ~~14a~~14d-122(b) under the Exchange Act (17 CFR 240.~~14a~~14d-122(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 - Other Events

~~Pre-commencement~~Item 8.01. ~~communications~~Other ~~pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240~~Events.~~14d-2(b) )~~

¨On January 16, 2008, Avenue Group, Inc. (the “Company”) and Avenue Energy Israel (“AEI”) entered into a non-binding Letter of Intent (the “LOI”) with TomCo Energy Plc (“TomCo”) pursuant to which TomCo would acquire a 50% working interest in the Heletz-Kokhav License (the “License”) which was awarded to AEI by the Israel Petroleum Commission (the “IPC”) as well as certain equipment identified in the LOI. The LOI described general terms of the parties’ agreement which will be set forth in detail in a mutually acceptable definitive agreement to be executed and closing to be held within 45 days of the LOI. During such time, TomCo will have exclusivity.

~~Pre-commencement~~Within five ~~communications~~business ~~pursuant~~days from the date of execution of the LOI, TomCo shall pay the Company a security deposit in the amount of $75,000. This security deposit shall be credited towards other amounts to ~~Rule~~which ~~13e-4(c)~~TomCo is obligated under the ~~Exchange~~terms of the ~~Act~~LOI. ~~(17~~In ~~CFR~~the ~~240~~event that TomCo fails to perform its obligations under the terms of the LOI, the Company shall be entitled to retain such security deposit with no further obligation to TomCo.~~13e-4(c)~~ Notwithstanding, in the event Avenue shall breach any of the representations it has made in the LOI, TomCo shall be entitled to recover the security deposit.

~~SECTION~~The closing 8of –the ~~OTHER~~transaction ~~EVENTS~~contemplated by the LOI is subject to the satisfaction of certain conditions, including without limitation, obtaining any necessary consents or approvals from the IPC and/or any other Isreali governmental authority, and the payment of the security deposit by TomCo to the Company.

~~Item~~If there is 8a closing, TomCo shall earn a 50% net working interest (after deduction of certain expenses and royalties), by assuming the greater of, either 100% of the costs associated with implementing the 3 year work program as contemplated by the LOI, or expending $4.015 million. In addition, at closing TomCo will pay the Company $1million and an additional equivalent of $500,000 restricted shares of TomCo subject to the provisions set forth in the LOI. TomCo may extend the closing date for an additional 15 days by providing an additional security deposit in the amount of $25,000. Additionally, TomCo shall pay its proportionate share of costs incurred by the Company in connection with the License. The LOI also sets forth certain payments to be made by TomCo which are contingent upon the successful conversion by the Company of the License into a production lease and recoverable reserves being certified at 10 million barrels or more as verified by an independent geologist.

~~Other~~For all ~~Events~~the terms and conditions of the LOI, reference is hereby made to such agreement annexed hereto as Exhibit 10.24. All statements made herein concerning the foregoing agreement are qualified by reference to said exhibit.

OnSection 9 September 25, 2007, Avenue Group, Inc. (the “Company”) issued a press release announcing that the Company’s subsidiary, Avenue Energy Israel Ltd., was issued a license by the Petroleum Commissioner of Israel with respect to the Heletz-~~Kokhav~~ ~~Field.~~Financial AStatements ~~copy~~and ~~of this release is attached hereto as Exhibit 99.3.~~Exhibits

~~The information contained in this~~ Item 8 9.01 Financial isStatements ~~being furnished~~ and shall not be deemed “filed” with the Securities and Exchange Commission or otherwise incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. Exhibits

~~SECTION~~(a) Financial 9Statements –of ~~FINANCIAL~~business ~~STATEMENTS AND EXHIBITS~~acquired. Not applicable

~~Item~~(b) Pro forma 9financial information.01 Not applicable

~~Financial Statements and~~ (c) Exhibits

~~(a)~~10.24 Letter of Intent, dated January 16, 2008, between Avenue Group, Inc., Avenue Energy Israel and TomCo Energy Plc.

~~Financial Statements of business acquired.~~SIGNATURES

~~Not~~Pursuant to ~~applicable~~the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

~~(b)~~Date: January ___, 2008

~~Pro~~AVENUE GROUP, ~~forma financial information~~INC.

~~Not applicable~~(Registrant)

By: /s/ Levi Mochkin Name: Levi Mochkin Title: President, Chief Executive Officer, Chairman of the Board, and Director (cPrincipal Executive, Financial, and Accounting Officer)

Shell company transactions.

Not applicable

(d)

Exhibits.

Exhibit No.		Description
99.3		Release, dated September 25, 2007, from Avenue Group, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September ___, 2007

AVENUE GROUP, INC. (Registrant) By: /s/ LEVI MOCHKIN Name: Levi Mochkin Title: President, Chief Executive Officer, Chairman of the Board, and Director (Principal Executive, Financial, and Accounting Officer)

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