SOURCE: AVEW HOLDINGS INC.

December 13, 2016 09:00 ET

AVEW HOLDINGS Inc. Improves Financial Company Condition by Reducing Old Book Debt

AUSTIN, TX--(Marketwired - Dec 13, 2016) - AVEW HOLDINGS Inc. (OTC PINK: AVEW) today announced that the company has eliminated $85,000.00 of convertible notes on a cancellation of an AVEW construction subsidiary in order to improve company year end financials in anticipation of a precious metal recovery and smelting acquisition.

AVEW CEO is on a three-day site visit to Azrock Holdings LLC in Arizona and the company has made an $85,000.00 reduction in booked convertible notes in anticipation of a successful consummation of Azrock. Azrock has been heavily involved in the precious metals recovery and smelting business and uses an eco-friendly process in leaching of gold and silver from ore bodies. Current operations are in place to start processing one ton of ore per day. Current plans are to upgrade the plant equipment capable of processing up to10 tons per day.

AVEW Management is assessing support, expansion, and operations needed to carry out new production capabilities.

Commenting on the transaction, CEO Jose Chavez stated, "AVEW and its management are committed to this business opportunity. The raw ore recovery and smelting is a long-term business model in the precious metals business that offers positive stock value for our investors and revenue growth to AVEW."

About AVEW HOLDINGS, Inc.
AVEW Holdings is in the retail and wholesale business of precious metals.

Contact Information

  • AVEW Holdings
    Shareholder Relations
    512-243-8498