SOURCE: AVEW Holdings

February 04, 2015 08:30 ET

AVEW Holdings Inc. Signs a $10 Million Financing Commitment Upon OTCQB Qualification

AUSTIN, TX--(Marketwired - Feb 4, 2015) - AVEW Holdings Inc (OTC PINK: AVEW) today announced that the company has upgraded their financing facility with a private investment firm from $5 million to $10 million. This private investment firm specializes in small and micro-capitalized public growth companies. AVEW is continuing to focus on its vertical integration strategy through the acquisition of service and specialty construction companies that complement the AVEW business plan.

"In the last 10 months AVEW has acquired or put in place 6 new specialty construction and Real Estate Development divisions. The upgraded financing facility allows us to accelerate this process and further implement the AVEW business plan" said Jose Chavez, CEO of AVEW Holdings Inc. "Management can draw down on this financing at any time giving the flexibility to make strategic decisions on growing our business," continued Chavez. The funds will be used for acquisitions and other business activities that will directly result in generating revenues and earnings.

Mr. Jay Ling, President of AVEW, stated "AVEW's management is moving forward to up list AVEW to OTCQB status. This financing facility increases AVEW's ability to implement its business model with a continued emphasis on horizontal and vertical growth." In addition to this $10 million financing facility, up listing to OTCQB status will allow AVEW Holdings Inc to access additional third party construction project financing. AVEW financials and required documentation to qualify for OTCQB are in progress.

About AVEW Holdings Inc.

AVEW Holdings Inc. is a collection of companies in different disciplines operating under a publicly held AVEW HOLDINGS. 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 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 is a full custom home builder. AVEW Development Company is involved in commercial mixed-use and residential development.

Safe Harbor Statement:

AVEW caution 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.

Contact Information

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