February 17, 2015 08:30 ET

AVEW Holdings Inc. Hires Veteran Residential and Custom Home Builder

AUSTIN, TX--(Marketwired - Feb 17, 2015) - AVEW Holdings Inc. (OTC PINK: AVEW) today announced it has hired Mr. Tim Smith to lead AVEW's Custom Home Building Division. Mr. Smith is a 24 year veteran in residential and custom home building, and he has been an independent custom home builder in the Austin Metro area for the past 12 years. Prior to that he was President of Santa Fe Homes of Fort Worth, TX; Divisional Manager of Domain Homes, Columbus, Ohio; Sales Manager of Monarch Homes of Orlando, Florida; and Project Manager for Centex Homes, Dallas, Texas.

Mr. Smith has been responsible for all phases of home builder operations including land purchasing and development, architectural design, marketing, production, purchasing, and construction of over 3,500 homes with revenues exceeding $720 million.

Mr. Smith will be in charge of AVEW's Custom Home Building Division, and will be working with Mr. Jim DePetris, VP of AVEW's Real Estate Development Division.

Mr. Smith is jump-starting his new position with contracts to build three custom homes in Georgetown, Texas and a spec custom home in Round Rock, Texas. This represents $1,575,000.00 in revenues for the second and third quarter of 2015.

Mr. DePetris stated, "Tim has the experience, and skill set of land acquisition, building operations, and business start ups. His proven track record and extensive background makes him the perfect candidate to lead AVEW's Custom Home Building Division."

Mr. Smith commented, "I am very excited to join the team at AVEW Holdings in the Home Building Division. The chance to blend my home building experience with the business model established by Jose Chavez and Jay Ling creates the opportunity to have great success with a regional home building company. The leadership and teamwork approach they have created gives us all an opportunity for unlimited growth and profitability." Mr. Smith is a graduate of Texas A&M University and Victoria University.

The addition of Mr. Smith to AVEW's Real Estate team will support current targeted residential and commercial mix-use and custom home developments in the Austin and Dallas Metro areas. Revenues in the Real Estate Division are protected to reach $15 million in 2015.

About AVEW Holdings Inc.

AVEW Holdings Inc. is a collection of companies in different disciplines operating under a publicly held AVEW Holdings Inc. This gives strength and integrity to each division to weather recessions, downturns in the economy, etc. 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 Holdings Inc. includes 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 residential remodel and new Construction Company servicing Central Texas. Austin Remodel & Outdoor also designs and installs landscaping and outdoor kitchens, fireplaces, cabanas, and decks. Austin Kustom Fence and Construction Company is a custom fence designer and builder serving the Hill Country. Tarragon Homes, a division of AVEW Custom Builders, is a full custom home builder. AVEW Development Company is involved in commercial mixed-use and residential development.

Safe Harbor Statement:

AVEW Holdings Inc. 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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