SOURCE: AVEW Holdings

July 01, 2015 08:00 ET

AVEW HOLDINGS INC. Finalizing Acquisition of Pegasus Construction, LLC

AUSTIN, TX--(Marketwired - Jul 1, 2015) - AVEW HOLDINGS INC. (OTC PINK: AVEW) today announced their company has finalized the Asset Purchase acquisition of Pegasus Construction Company LLC (Pegasus). Pegasus is a construction company located in Lakeway, Texas serving the Central Texas area building custom homes, remodeling, home additions and commercial finish out. Pegasus is a 12 year old business providing quality workmanship at competitive pricing. The Pegasus web site is www.pegasusconstruction.net.

Pegasus becomes a wholly-owned subsidiary of AVEW and will be the construction remodel division of the parent holding company.

Mr. Jose Chavez, CEO, commented, "Pegasus is a qualified and reputable specialty construction company that adds value and remodel construction experience to the depth of our business."

Pegasus will absorb all indoor and outdoor remodels for current and future projects. Pegasus is expected to bring in over $2 million dollars in revenues for 2015.

Mr. James Ling, President, stated, "We are very fortunate and happy to have made this key specialty construction acquisition." He added, "The reputation and quality of work Pegasus in known for is a perfect fit as a subsidiary of AVEW Holdings Inc."

About AVEW Holdings Inc.

AVEW Holdings Inc. is a collection of companies in different disciplines operating under a public held AVEW Holdings Inc. This gives strength and integrity to each division to weather our recessions, downturns, etc. in the economy. The companies of AVEW combined have a wealth of knowledge and experience along with the opportunity to consult with one another to share ideas and get input from other divisions.

AVEW includes a full service pool, spa and landscape design and construction company. New Generation Pools 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. Pegasus Construction Company is a residential remodel and new Construction Company servicing Central Texas. Pegasus also designs and installs landscaping and outdoor living kitchens, fireplaces, cabanas, and decks. Kustom Fence and Construction Company is a custom fence designer and builder serving the Hill Country. Tarragon Homes and Milagro Homes are a full custom and production home building and development companies. AVEW Development Company (TBF) will be involved in commercial mixed-use development.

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AVEW cautions that statements made in press releases constitute forward-looking statements, and makes 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.

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