$AVEW Holdings Inc. Hires Real Estate Development Veteran and Real Estate Attorney Mr. James DePetris to Head New AVEW Real Estate Development Division.
AUSTIN, TX, United States, via ETELIGIS INC., 11/25/2014 - - AVEW Holdings Inc. (OTC Pink: AVEW) (PINKSHEETS: AVEW) today announced it has hired Mr. James B. DePetris, Attorney at Law, to head up AVEW's new Real Estate Development Division. Mr. DePetris is a graduate of SMU and St. Mary's University of San Antonio School of Law. Mr. DePetris will manage all commercial real estate projects and will be in charge of all Real Estate development acquisitions for AVEW. Mr. DePetris will be working in conjunction with Mr. Chris Wood, C.O.O. of AVEW Custom Builders and Taragon Custom Homes. Tarragon Custom Builder is residential custom builder, a recent AVEW acquisition.
Mr. DePetris began his career with the law firm of DeBusk & DeBusk, was the Senior Legislative aide to U.S. Representative Steve Bartlett, served as Senior Legislative Specialist and Acting Deputy Assistant Secretary for Legislative Affairs-U.S. of the Department of Housing and Urban Development and the White House (White House Appointee for the Reagan/Bush Administration serving as lead liaison for the White House to the U.S. Congress and to the Real Estate and Financial Services Industries regarding legislation before Congress). Mr. DePetris served as Co-Chairman, of Local/State/Federal Public Affairs Committee for the Greater Dallas Board of Realtors, was Treasurer for Real PAC, 1988 served on Board of Directors for the Dallas Mortgage Brokers PAC, was part of the DMBA Industrial Standards Review Board, during 1990's and 2000's served on various DMBA committees, and was Founder/Chairman of Taxpayers for Equal Representation.
Mr. Jose Chavez, CEO of AVEW, commented, "We are delighted to have Jim DePetris on Board. Jim brings the experience of managing 9 billion dollars in real estate transactions in over 35 states for clients from over 30 countries, including transactions involving over 30,000 acres of development and predevelopment property. He has closed on more property in Downtown Dallas than any other company and closed many large mixed use residential developments in Texas and in the U.S. from coast to coast."
Mr. DePretris has extensive real estate title experience and served of Counsel to Dallas Title Company, Ticor Title Insurance, Head of Fidelity National Title Insurance Company's National Division, Commonwealth Land Title Company, Senior Vice President of Centex Title Company (owned by Centex Homes, then the largest homebuilder in the U.S.) and from 2000-2005 served as President of Providence Title Company a subsidiary of Henry S Miller Company.
AVEW'S President James Ling stated, "Jim has served as Project Manager for developments such as the former LTV Center, Central Dallas Library, and the former Statler Hilton Hotel. His responsibilities have included construction management, permitting, leasing, hotel negotiations and sales, overseeing application, negotiation and approval for over $50 million dollars in grants, $35 million in federal historic tax credits, and extensive country club residential development experience. These traits and experience will be a valuable addition to the AVEW management team".
Mr. DePetris stated, "I am delighted to accept the position of Director of AVEW Real Estate Development division. I am thrilled to be part of the AVEW family as well as joining the AVEW Advisory Board. It is exciting to be joining the management and shareholder group after detail review of the AVEW business model on what we forecast revenues and growth now and in the near future of AVEW Holdings Inc. "He added, "I feel that I have the experience and knowledge that it takes to lead and grow this potential high growth real estate division."
AVEW Real Estate Acquisition Company (AREA) has targeted several large residential and mixed-use developments in Austin, Houston and Dallas. Revenues for AREA are projected to reach $15 million in 2015.
About AVEW Holdings Inc.:
AVEW Holdings Inc. is a full service pool, spa, landscape, home remodel/outdoor living, new home construction company as well as a real estate acquisition and development company. AVEW has won national and regional pool and landscape design and construction awards. Fantastic Pool Services is a maintenance and pool repair company doing business in central Texas. Austin Remodel and Outdoor Living is a remodel construction company and also designs and installs landscaping and out-door living kitchens, fireplaces, cabanas, and decks. Austin Kustom Fence is a custom fence contractor serving the Hill Country in central Texas. Austin Real Estate Development is a new AVEW division set up to service the demand of AVEW for commercial and residential real estate construction and land development projects offered to AVEW throughout the state of Texas.
Safe Harbor Statement:
AVEW Holdings Inc cautions that statements made in press releases constitute forward-looking statements and makes no guarantees of future performance and actual results 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:
AVEW Holdings, Inc.
Shareholder Relations
Investors@avewholdings.com
512-436-9496
SOURCE: AVEW Holdings, Inc.
