SOURCE: AVEW Holdings

March 17, 2015 08:30 ET

AVEW Holdings Inc. Announces Georgetown, TX Real Estate Development Project

AUSTIN, TX--(Marketwired - Mar 17, 2015) - AVEW Holdings, Inc. (OTC PINK: AVEW) has announced that the company's real estate building subsidiary, Milagro Homes, has executed a Letter Of Intent to construct sixteen (16) single family attached homes in Georgetown, Texas.

The project, located on Pine Street, is near the Old Town area of Georgetown and will strive to conform to the style of craftsmanship present throughout the area.

Milagro Homes will be bringing affordable housing that is very much needed in the area by introducing units that will range between 1250 and 1600 square feet. The Units will consist of 2-3 bedrooms and 2-2 1/2 baths.

Market research by Milagro Homes suggests demand for housing product below $200,000 is exceptionally high in Georgetown and surrounding markets. This demand provides an opportunity for AVEW to enter into the single family attached housing market with a highly visible project.

Milagro Homes is a new division of AVEW Custom Home Builders Corp which also contains custom builder Tarragon Homes. Mr. Tim Smith, VP who is also the C.O.O. of Milagro Homes, leads AVEW CUSTOM HOME BUILDERS CORP. Mr. Smith is a 30-year veteran of new home construction.

The 16 Pine Street homes will be a joint venture with the current landowner and is located within 5 city blocks of Southwestern University.

Mr. Smith, Vice President, stated, "Everyone at AVEW is excited about this initial project which will be just the start of our long term development model for Georgetown, the greater Austin area and other major Texas cities. We are currently looking at opportunities in Dallas, Denton, McKinney, Houston and San Antonio as well."

Mr. Jay Ling, President, commented "This project is within our constant goal of moving from concept to development rapidly in order to benefit from the current business climate as we are doing throughout the family of AVEW companies".

About AVEW Holdings Inc.
AVEW HOLDINGS is a full service pool, spa and landscape design and construction company. Austin Premier Pools & Spas is a custom pool design and construction company that has won national and regional pool construction and design awards. Fantastic Pool Services is a maintenance and pool repair company doing business in central Texas. Austin Remodel & Outdoor Living is a new and residential remodel Construction Company servicing central Texas. Austin Remodel also designs and installs landscaping and outdoor living kitchens, fireplaces, cabanas, and decks. Austin Kustom Fence and Construction Company is a custom fence designer and builder serving the Hill Country.

Safe Harbor Statement:
AVEW cautions that statements made in press releases constitute forward-looking statements, and make no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.

Contact Information