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by Stockwatch Business Reporter

The TSX Venture Exchange fell 6.51 points to 775.93 Tuesday. Joanne Yan's halted capital pool shell, Avanco Capital Corp. (AAA), plans to acquire Hill Street Marketing Inc. (doing business as Hill Street Beverage Co.) for the shell's qualifying transaction. Avanco, which has 6.8 million shares issued, will issue 40 million shares to Hill Street's shareholders.

Hill Street is a Toronto manufacturer of non-alcoholic beer and wine. Its customers include those who are taking "medications that come with a bright yellow 'do not take with alcohol' warning." Hill Street boasts having the best-tasting non-alcoholic wine and beer, not "that near-beer nonsense or overpriced, repackaged bottles of grape juice." Some of its products have won awards. For instance, its Designated Draft pilsner placed second in its category at the U.S. Open Beer Championships earlier this year.

Hill Street sells its products on-line and at 4,000 stores across Canada, including Loblaws, Shoppers Drug Mart, Sobeys and Canadian Tire. Its products include MADD wines and a MADD lager. The company donates a portion of its revenue to charities such as MADD (Mothers Against Drunk Driving) and the Canadian Liver Foundation. So far, it has donated $1.21-million in total. We should find out whether Hill Street is profitable when Avanco submits its QT filing statement.

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