NEWS! 9/24/15: AVEW Holdings Inc. and Subsidiaries on Track to Record Revenues
September 24, 2015 07:30 ET
AUSTIN, TX--(Marketwired - Sep 24, 2015) - AVEW Holdings Inc. (OTC PINK: AVEW) today announced that Countryside Nursery & Landscape is on track to generate a 40% increase in 2015 yearly revenue above the past three years' average of 5 million dollars per year. Countryside has also secured for 2016, over 3 million dollars in landscaping contracts for two major home production builders.
Countryside Nursery & Landscape, located in Austin, TX on a three-acre nursery, is a full service retail garden center and landscape design company. The company has been designing and constructing landscape projects in the Austin Metro Area for the past 15 years specializing in creating a variety of different landscapes, rock, gardens, and xeriscapes to meet customer needs. Countryside has been under a definitive purchase agreement with AVEW and closing in expected in the very near future. AVEW has a funding letter of intent to receive an acquisition loan from a capital market banking organization. Details of this transaction will be fully disclosed after closing per the wishes of the funding entity. AVEW's financial audits, due to complete soon, will allow AVEW to apply for OTC:QB listing status and trigger funding to AVEW with capital already committed upon AVEW QB status. AVEW plans to repay the acquisition loans early with this equity market capital.
Mr. Jose Chavez, CEO, stated, "This subsidiary will provide a major contribution to overall AVEW revenues and increase bottom line profits and shareholder value. We are very excited with the working relationship already established between Countryside and AVEW family of companies."
Countryside Nursery & Landscape and AVEW's New Generation Pools subsidiary have already worked in conjunction with various pools and landscaping projects.
Mr. Jay Ling, President, commented, "Countryside has a unique business reputation and working relationship with local and national construction companies."
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 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
AVEW Holdings Inc.
Shareholder Relations
investors@avewholdings.com
512-436-9496
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