<SUBMISSION>
<ACCESSION-NUMBER>0000902664-06-000812
<TYPE>SC 13G/A
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20060215
<DATE-OF-FILING-DATE-CHANGE>20060214
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>Ad.Venture Partners, Inc.
<CIK>0001323639
<ASSIGNED-SIC>6770
<IRS-NUMBER>202650200
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
<ACT>34
<FILE-NUMBER>005-80962
<FILM-NUMBER>06618480
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>18 W. 18TH STREET, 11TH FLOOR
<CITY>NEW YORK
<STATE>NY
<ZIP>10011
<PHONE>914-806-2307
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>18 W. 18TH STREET, 11TH FLOOR
<CITY>NEW YORK
<STATE>NY
<ZIP>10011
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>SATELLITE ASSET MANAGEMENT LP
<CIK>0001101195
<IRS-NUMBER>134065352
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>10 EAST 30TH STREET 21ST FLOOR
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
<PHONE>2122092000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>10 EAST 30TH STREET 21ST FLOOR
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>sc13ga.txt
<DESCRIPTION>AD.VENTURE PARTNERS, INC.
<TEXT>
                        SECURITIES & EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ----------------------

                                  SCHEDULE 13G



                    Under the Securities Exchange Act of 1934




                            Ad.Venture Partners, Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    00516Q109
                                 (CUSIP Number)

                                December 31, 2005
             (Date of event which requires filing of this statement)


     Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
                              [X]  Rule 13d-1(b)
                              [ ]  Rule 13d-1(c)
                              [ ]  Rule 13d-1(d)






     *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 ("Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).

                          Continued on following pages
                              (Page 1 of 30 Pages)
                              Exhibit List: Page 28


<PAGE>


CUSIP No. 00516Q109                  13G                  Page 2 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE FUND I, L.P.

-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                DELAWARE
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           2,310
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           2,310
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    2,310
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.02%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 3 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE FUND II, L.P.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION

                DELAWARE
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           100,950
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           100,950
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    100,950
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.90%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 4 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE FUND IV, L.P.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION

                DELAWARE
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           15,510
OWNED BY       ______________________________________________________________

EACH          (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           15,510
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    15,510
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.14%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 5 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE OVERSEAS FUND, LTD.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION

                CAYMAN ISLANDS
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           284,650
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH     (8)  SHARED DISPOSITIVE POWER
                           284,650
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    284,650
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    2.53%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 6 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            THE APOGEE FUND, LTD. (F/K/A SATELLITE OVERSEAS FUND III, LTD.)
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION

                CAYMAN ISLANDS
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           35,580
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           35,580
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    35,580
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.31%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 7 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE OVERSEAS FUND V, LTD.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                CAYMAN ISLANDS
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                                     17,090
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                     17,090
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    17,090
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.15%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 8 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE OVERSEAS FUND VI, LTD.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                    CAYMAN ISLANDS
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           9,550
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           9,550
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           9,550
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.08%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 9 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE OVERSEAS FUND VII, LTD.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                CAYMAN ISLANDS
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           11,900
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           11,900
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    11,900
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.11%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 10 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE OVERSEAS FUND VIII, LTD.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                CAYMAN ISLANDS
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           17,130
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           17,130
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    17,130
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.15%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 11 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE OVERSEAS FUND IX, LTD.

-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                CAYMAN ISLANDS
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           33,340
OWNED BY       ___________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           33,340
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    33,340
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    0.30%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 12 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE STRATEGIC FINANCE PARTNERS, LTD.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                CAYMAN ISLANDS
-----------------------------------------------------------------------------

NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           302,290
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH     (8)  SHARED DISPOSITIVE POWER
                           302,290
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    302,290
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    2.69%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 13 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE ASSET MANAGEMENT, L.P.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                DELAWARE
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           830,100
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           830,100
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    830,100
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES**
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    7.38%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 14 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE FUND MANAGEMENT LLC
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                DELAWARE
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           830,100
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                           830,100
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    830,100
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES**
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    7.38%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    OO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 15 of 30 Pages

-----------------------------------------------------------------------------

     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                    SATELLITE ADVISORS, L.L.C.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [ ]
                                                                  (b)  [X]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                DELAWARE
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                           0
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                           118,770
OWNED BY       ______________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                           0
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                     118,770
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    118,770
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES**
                    [  ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    1.06%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                    OO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 16 of 30 Pages

-----------------------------------------------------------------------------

Item 1(a).     NAME OF ISSUER:

               Ad.Venture Partners, Inc. (the "Issuer").

Item 1(b).     ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

               360 Madison Avenue, 21st Floor
               New York, New York  10017

Item 2(a).     NAME OF PERSON FILING:

  This statement is filed by:
  (i)     Satellite Fund I, L.P. ("Satellite I");
  (ii)    Satellite Fund II, L.P. ("Satellite II");
  (iii)   Satellite Fund IV, L.P. ("Satellite IV");
  (iv)    Satellite Overseas Fund, Ltd. ("Satellite Overseas")
  (v)     The Apogee Fund, Ltd. (f/k/a Satellite Overseas Fund III, Ltd.)
  ("Apogee");
  (vi)    Satellite Overseas Fund V, Ltd. ("Satellite Overseas V");
  (vii)   Satellite Overseas Fund VI, Ltd. ("Satellite Overseas VI");
  (viii)  Satellite Overseas Fund VII, Ltd. ("Satellite Overseas VII");
  (ix)    Satellite Overseas Fund VIII, Ltd. ("Satellite Overseas VIII");
  (x)     Satellite Overseas Fund IX, Ltd. ("Satellite Overseas IX");
  (xi)    Satellite Strategic Finance Partners, Ltd. ("SSFP");
  (xii)   Satellite Asset Management, L.P. ("Satellite Asset Management");
  (xiii)  Satellite Fund Management LLC ("Satellite Fund Management"); and
  (xiv)   Satellite Advisors, L.L.C. ("Satellite Advisors").

     This statement relates to Shares (as defined herein) held by (i) Satellite
I, Satellite II, Satellite IV (collectively, the "Delaware Funds") over which
Satellite Advisors has discretionary trading authority, as general partner, and
(ii) Satellite Overseas, Apogee, Satellite Overseas V, Satellite Overseas VI,
Satellite Overseas VII, Satellite Overseas VIII, Satellite Overseas IX and SSFP
(collectively, the "Offshore Funds" and together with the Delaware Funds, the
"Satellite Funds") over which Satellite Asset Management has discretionary
investment trading authority. The general partner of Satellite Asset Management
is Satellite Fund Management. Satellite Fund Management and Satellite Advisors
each share the same four members that make investment decisions on behalf of the
Satellite Funds and investment decisions made by such members, when necessary,
are made through approval of a majority of such members.

     The foregoing persons are hereinafter sometimes collectively referred to as
the "Reporting Persons." Any disclosures herein with respect to persons other
than the Reporting Persons are made on information and belief after making
inquiry to the appropriate party.

Item 2(b).     ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

     The address of the business office of each of the Reporting Persons is 623
Fifth Avenue, 19th Floor, New York, NY 10022.


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 17 of 30 Pages

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Item 2(c).     CITIZENSHIP:

   1)  Satellite I is a Delaware limited partnership;

   2)  Satellite II is a Delaware limited partnership;

   3)  Satellite IV is a Delaware limited partnership;

   4)  Satellite Overseas is a Cayman Islands exempted company;

   5)  Apogee is a Cayman Islands exempted company;

   6)  Satellite Overseas V is a Cayman Islands exempted company;

   7)  Satellite Overseas VI is a Cayman Islands exempted company;

   8)  Satellite Overseas VII is a Cayman Islands exempted company;

   9)  Satellite Overseas VIII is a Cayman Islands exempted company;

   10) Satellite Overseas IX is a Cayman Islands exempted company;

   11) SSFP is a Cayman Islands exempted company;

   12) Satellite Asset Management is a Delaware limited partnership;

   13) Satellite Fund Management is a Delaware limited liability company; and

   14) Satellite Advisors is a Delaware limited liability company.


Item 2(d).     TITLE OF CLASS OF SECURITIES:

                Common Stock, $.001 par value per share (the "Shares").

Item 2(e).  CUSIP NUMBER:

            00516Q109

Item 3.  IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) or 13d-2(b) OR
         (c), CHECK WHETHER THE PERSON FILING IS A:

          (a) [ ]  Broker or dealer registered under Section 15 of the
                   Act,

          (b) [ ]  Bank as defined in Section 3(a)(6) of the Act,

          (c) [ ]  Insurance Company as defined in Section 3(a)(19) of
                   the Act,

          (d) [ ]  Investment Company registered under Section 8 of the
                   Investment Company Act of 1940,

          (e) [X]  Investment Adviser in accordance with Rule
                   13d-1(b)(1)(ii)(E),


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 18 of 30 Pages

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          (f) [ ]  Employee Benefit Plan or Endowment Fund in accordance
                   with 13d-1(b)(1)(ii)(F),

          (g) [ ]  Parent Holding Company or control person in accordance
                   with Rule 13d-1(b)(1)(ii)(G),

          (h) [ ]  Savings Association as defined in Section 3(b) of the
                   Federal Deposit Insurance Act,

          (i) [ ]  Church Plan that is excluded from the definition of an
                   investment company under Section 3(c)(14) of the
                   Investment Company Act of 1940,

          (j) [ ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If this statement is filed pursuant to 13d-1(c), check this box: []


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 19 of 30 Pages

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Item 4.   OWNERSHIP.

     The percentages used herein and in the rest of Item 4 are calculated based
upon the 11,249,997 shares of Common Stock issued and outstanding as of November
14, 2005, as described in the Issuer's Form 10-Q filed on November 14, 2005.

         Satellite Fund I, L.P.
         --------------------------
         (a)     Amount beneficially owned: 2,310

         (b)     Percent of class: 0.02%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote          2,310
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                      2,310


         Satellite Fund II, L.P.
         --------------------------
         (a)     Amount beneficially owned: 100,950

         (b)     Percent of class: 0.90%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote        100,950
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                    100,950


         Satellite Fund IV, L.P.
         ------------------------------
         (a)     Amount beneficially owned: 15,510

         (b)     Percent of class: 0.14%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote         15,510
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                     15,510


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 20 of 30 Pages

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         Satellite Overseas Fund, Ltd.
         ------------------------------
         (a)     Amount beneficially owned: 284,650

         (b)     Percent of class: 2.53%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote        284,650
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                    284,650


         The Apogee Fund, Ltd. (f/k/a Satellite Overseas Fund III, Ltd.)
         ------------------------------
         (a)     Amount beneficially owned: 35,580

         (b)     Percent of class: 0.31%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote         35,580
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                     35,580


         Satellite Overseas Fund V, Ltd.
         -------------------------------
         (a)     Amount beneficially owned: 17,090

         (b)     Percent of class: 0.15%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote         17,090
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                     17,090


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 21 of 30 Pages

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         Satellite Overseas Fund VI, Ltd.
         --------------------------------
         (a)     Amount beneficially owned: 9,550

         (b)     Percent of class: 0.08%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote          9,550
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                      9,550


         Satellite Overseas Fund VII, Ltd.
         ---------------------------------
         (a)     Amount beneficially owned: 11,900

         (b)     Percent of class: 0.11%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote         11,900
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                     11,900



         Satellite Overseas Fund VIII, Ltd.
         ----------------------------------
         (a)     Amount beneficially owned: 17,130

         (b)     Percent of class: 0.15%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote         17,130
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                     17,130


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 22 of 30 Pages

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         Satellite Overseas Fund IX, Ltd.
         --------------------------------
         (a)     Amount beneficially owned: 33,340

         (b)     Percent of class: 0.30%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote         33,340
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                     33,340


         Satellite Strategic Finance Partners, Ltd.
         ------------------------------------------
         (a)     Amount beneficially owned: 302,290

         (b)     Percent of class: 2.69%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote        302,290
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                    302,290


         Satellite Asset Management, L.P.
         ---------------------------------
         (a)     Amount beneficially owned: 830,100

         (b)     Percent of class: 7.38%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote        830,100
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                    830,100


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 23of 30 Pages

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         Satellite Fund Management LLC
         -----------------------------
         (a)     Amount beneficially owned: 830,100

         (b)     Percent of class: 7.38%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote        830,100
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                    830,100


         Satellite Advisors, L.L.C.
         --------------------------
         (a)     Amount beneficially owned: 118,770

         (b)     Percent of class: 1.06%

         (c)     Number of shares as to which the person has:

            (i)     Sole power to vote or direct the vote                   0
            (ii)    Shared power to vote or to direct the vote        118,770
            (iii)   Sole power to dispose or to direct the
                    disposition of                                          0
            (iv)    Shared power to dispose or to direct the
                    disposition of                                    118,770


            Satellite Asset Management, Satellite Fund Management and
Satellite Advisors expressly declare that this filing shall not be construed as
an admission that each is, for the purposes of sections 13(d) or 13(g) of the
Act, the beneficial owner of any securities covered by this filing.


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 24 of 30 Pages

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Item 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

            IF THIS STATEMENT IS BEING FILED TO REPORT THE FACT THAT AS OF THE
            DATE HEREOF THE REPORTING PERSON HAS CEASED TO BE THE BENEFICIAL
            OWNER OF MORE THAN 5% OF THE CLASS OF SECURITIES, CHECK THE
            FOLLOWING [ ]

Item 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

            The investment manager of the Offshore Funds and the general
partner of the Delaware Funds each have the power to direct the receipt of
dividends from, or proceeds from the sale of, the securities held for the
accounts of their respective funds.

Item 7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
            ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
            HOLDING COMPANY.

            This Item 7 is not applicable.


Item 8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

            This Item 8 is not applicable.


Item 9.     NOTICE OF DISSOLUTION OF GROUP.

            This Item 9 is not applicable.


Item 10.    CERTIFICATION.

             Each of the Reporting Persons hereby makes the following
certification:

          By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 25 of 30 Pages

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                                   SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.


DATED:  February 14, 2006          SATELLITE FUND I, L.P.

                                   By:  Satellite Advisors, L.L.C.,
                                        as General Partner

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: Attorney-in-Fact


DATED:  February 14, 2006          SATELLITE FUND II, L.P.

                                   By:  Satellite Advisors, L.L.C.,
                                        as General Partner

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: Attorney-in-Fact


DATED:  February 14, 2006          SATELLITE FUND IV, L.P.

                                   By:  Satellite Advisors, L.L.C.,
                                        as General Partner

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: Attorney-in-Fact


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 26 of 30 Pages

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DATED:  February 14, 2006          THE APOGEE FUND, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND V, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND VI, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND VII, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND VIII, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 27 of 30 Pages

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DATED:  February 14, 2006          SATELLITE OVERSEAS FUND IX, LTD.
                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE STRATEGIC FINANCE PARTNERS, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006           SATELLITE ASSET MANAGEMENT, L.P.


                                    By:  /s/ Simon Raykher
                                         ------------------------
                                         Name:  Simon Raykher
                                         Title: General Counsel


DATED:  February 14, 2006           SATELLITE FUND MANAGEMENT LLC

                                    By:  /s/ Simon Raykher
                                         ------------------------
                                         Name:  Simon Raykher
                                         Title: Attorney-in-Fact


DATED:  February 14, 2006           SATELLITE ADVISORS, L.L.C.

                                    By:  /s/ Simon Raykher
                                         ------------------------
                                         Name:  Simon Raykher
                                         Title: Attorney-in-Fact


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 28 of 30 Pages

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                                    EXHIBIT A

                             JOINT FILING AGREEMENT


            The undersigned hereby agree that this statement on Schedule 13G
with respect to the Common Stock of Ad.Venture Partners, Inc., dated as of
February 14, 2006, is, and any amendments thereto (including amendments on
Schedule 13G) signed by each of the undersigned shall be, filed on behalf of
each of us pursuant to and in accordance with the provisions of Rule 13d-1(k)
under the Securities Exchange Act of 1934.


DATED:  February 14, 2006          SATELLITE FUND I, L.P.

                                   By:  Satellite Advisors, L.L.C.,
                                        as General Partner

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: Attorney-in-Fact


DATED:  February 14, 2006          SATELLITE FUND II, L.P.

                                   By:  Satellite Advisors, L.L.C.,
                                        as General Partner

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: Attorney-in-Fact


DATED:  February 14, 2006          SATELLITE FUND IV, L.P.

                                   By:  Satellite Advisors, L.L.C.,
                                        as General Partner

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: Attorney-in-Fact


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 29 of 30 Pages

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DATED:  February 14, 2006          THE APOGEE FUND, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By:  /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND V, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND VI, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND VII, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE OVERSEAS FUND VIII, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


<PAGE>



CUSIP No. 00516Q109                  13G                  Page 30 of 30 Pages

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DATED:  February 14, 2006          SATELLITE OVERSEAS FUND IX, LTD.

                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006          SATELLITE STRATEGIC FINANCE PARTNERS, LTD.
                                   By:  Satellite Asset Management L.P.,
                                        as Investment Manager

                                   By: /s/ Simon Raykher
                                       ------------------------
                                       Name:  Simon Raykher
                                       Title: General Counsel


DATED:  February 14, 2006           SATELLITE ASSET MANAGEMENT, L.P.


                                    By:  /s/ Simon Raykher
                                         ------------------------
                                         Name:  Simon Raykher
                                         Title: General Counsel


DATED:  February 14, 2006           SATELLITE FUND MANAGEMENT LLC

                                    By:  /s/ Simon Raykher
                                         ------------------------
                                         Name:  Simon Raykher
                                         Title: Attorney-in-Fact


DATED:  February 14, 2006           SATELLITE ADVISORS, L.L.C.

                                    By:  /s/ Simon Raykher
                                         ------------------------
                                         Name:  Simon Raykher
                                         Title: Attorney-in-Fact

</TEXT>
</DOCUMENT>
</SUBMISSION>
