SOURCE: AVEW Holdings

July 15, 2015 08:00 ET

AVEW Holdings, Inc., New Certificate Provides Additional Construction Opportunities in State and Federal Agencies

AUSTIN, TX--(Marketwired - Jul 15, 2015) -  AVEW HOLDINGS, INC. (OTC PINK: AVEW) today announced the State of Texas has designated AVEW Holdings Inc. & all subsidiaries as a HUB (Historically Underutilized Business). This designation requires state and federal agencies to use HUB companies to solicit bids for state purchasing and public works construction and services. The state mandates a certain percentage of all state funded projects be awarded to companies with a HUB status.

In addition to state agencies and educational institutions, prime contractors doing public works must use HUB subcontractors as required by state and federal guidelines. State and federal contracts utilize the Centralized Master Bidders List to solicit bids.

State and federal assisted contracts, educational institutions, and state bonded projects, require a HUB subcontracting plan as a provision for awarding state contracts. If the state determines that a prime contractor fails in an effort to implement a HUB subcontractor plan, the agency may ban the contractor from further contracting opportunities with state or federal agencies.

The HUB certification and construction contract available from state and educational institutions is in place for a four-year certification period.

Mr. Jose Chavez, CEO, stated, "The HUB status and exposure of AVEW Holdings, Inc. and AVEW's family of companies to state, federal, educational institutions, and prime contractors opens a tremendous opportunity for additional construction and construction services to AVEW."

With this opportunity, AVEW has appointed Rudy Yepez, an AVEW Board Member, to Vice President of the AVEW Real Estate Development Company. Mr. Yepez is the founder of Countryside Landscape and Nursery and a 10-year veteran in real estate development. Mr. Yepez has developed and constructed three major student housing projects close to Baylor University in Waco, Texas.

Mr. James Ling, President, said, "Mr. Yepez's assignment and AVEW's HUB status is a perfect scenario to further the success of AVEW and provide additional revenue opportunities."

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 Real Estate Development Company will be involved in commercial mixed-use development.

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.

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