November 5th, 2004

For Immediate Release
Contact: LeeAnn Weimar

First Avenue May Re-Open

Minneapolis – An agreement with the bankruptcy trustee John R Stoebner, may get First Avenue’s doors open after abruptly closing Tuesday, putting 120 people back to work.

In a meeting that took place this morning, Steve McClellan and Jack Meyers met with Stoebner and struck up an agreement that may get the venue up and running again as early as Saturday, November 13th.

701 Ventures LLC, the company that will run the new business, is set to acquire the name First Avenue along with all of the clubs assets after the former owner The Committee Inc. filed Chapter 7 bankruptcy earlier this week.

The arrangement still needs approval from a bankruptcy court judge, who is scheduled to hear the case at 8:30am Friday, November 12th.