SOURCE: AVEW Holdings

AVEW Holdings

April 01, 2015 08:30 ET

AVEW Holdings Inc. Submits 2014 Annual Financial Report

AUSTIN, TX--(Marketwired - Apr 1, 2015) - AVEW HOLDINGS INC. (OTC PINK: AVEW) today announced the company has submitted its 2014 year-end annual report to OTC Markets.

With this submission, AVEW will schedule with LBB Accounts of Houston, TX to initiate a 2 year financial audit. AVEW will be applying for status of OTC:QB upon completion of the audit.

The 2014 year-end financials and annual report consolidated all of AVEW's operating divisions. However, the combined division annual revenues of $4,989,189.00 are not reflected on the AVEW financial statement. Accounting principles only allow AVEW to report revenues for the period when acquisitions became a part of AVEW. AVEW has gone through several reorganizations, executed new acquisitions, established new divisions, and rescinded several acquisitions that did not comply or fit with the business model.

Mr. Jose Chavez, CEO, commented: "AVEW's management has worked very hard to establish a solid core of companies and managers. The task has and continues to be a challenge, but to this day the challenge has been successfully met and the AVEW business foundation is poised to succeed and exceed all expectations."

AVEW continues to review eight to ten business acquisition targets from Texas, Louisiana, and Oklahoma.

Mr. Jay Ling, President, said, "The business community and our investor base both have been providing AVEW with many leads, referrals and acquisition targets. We are grateful for the support and confidence given to AVEW."

AVEW will be releasing several news releases concerning upcoming contracts and divisions that compliment AVEW's business.

About AVEW Holdings Inc.

AVEW HOLDINGS INC. is a collection of companies in different disciplines operating under a publicly held company. This gives strength and integrity to each division to weather out 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 HOLDINGS INC. includes a full service pool and spa company as well as a 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. Kustom Fence and Construction Company is a custom fence designer and builder serving the Hill Country. Tarragon Homes is a full custom home building and development company. AVEW Development Company will be involved in commercial mixed-use development.

Safe Harbor Statement:

AVEW HOLDINGS INC. 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.

Contact Information

  • AVEW HOLDINGS INC.
    Shareholder Relations
    512-436-9496