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Wednesday, April 01, 2015 3:17:29 PM
AVEW - NEWS/ANNUAL OUT/AUDIT COMING - $5mil revenue and only at 500,000 market cap LOL
http://www.otcmarkets.com/financialReportViewer?symbol=AVEW&id=135047
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 AVEW has gone through several reorganizations, executed new acquisitions, established new divisions, and rescinded several acquisitions that did not comply or fit with the business model.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.
http://www.otcmarkets.com/financialReportViewer?symbol=AVEW&id=135047
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.
Everything I say and do is my opinion. Do not invest based on my ideas and thoughts. Discussion is always encouraged.
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