AVEW HOLDINGS INC. Pool Service Division Continues to Exceed Growth and Revenue Expectations
Nov 11, 2015 08:30:00 (ET)
AUSTIN, TX--(Marketwired - Nov 11, 2015) - AVEW HOLDINGS INC. (OTC PINK: AVEW) today announced the ongoing successful implementation and outstanding management of Fantastic Pool Services' (FPS) business plan has led to an unparalleled 188% growth in revenues and 87.5% increase in customers for pool maintenance and services. This has been achieved in a short 12-month period since FPS was acquired by AVEW in November 2014.
Fantastic Pool Services is a full pool maintenance and repair company that serves Central Texas including Austin and the surrounding Hill Country areas. In addition to pool service monthly accounts, FPS is a certified repair center for multiple nation-wide equipment vendors: Pentair Aquatic Systems, Zodiac Pool Systems (Jandy), Paramount Pool & Spa Systems, and Delta Ultraviolet Corporation. Each of these companies are top-tier vendors in the pool industry spanning all aspects of the pool building, maintenance, repair and remodel sectors.
FPS has grown from 80 to 150 service accounts over the past 12 months and has increased its annual revenue run rate from $150,000.00 to $432,000.00 and is expected to continue on a 150% per year growth path.
FPS is the exclusive startup company allowing a direct line to new pool customers for New Generation Pools as well as 6 other leading pool builders in Central Texas. FPS has hired and trained a group of knowledgeable and dedicated service and maintenance technicians who have provided exceptional service to their customers. This includes a full time senior technician to handle all repair and replacement needs. FPS has also equipped its fleet of service vehicles with the most up to date maintenance equipment and service supplies.
Mr. Mike Sharp, AVEW Senior VP of Operations and founder of FPS, stated, "FPS' success continues to be a concrete example of AVEW's growth business model. It allows AVEW companies to leverage each other horizontally and vertically across the company. The multiple specialty construction divisions continue to provide additional customers and business opportunities. FPS has a current goal of 300 pool maintenance customers for 2016 and we look forward to achieving and/or surpassing this milestone."
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, 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, 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 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.
AVEW Holdings Inc.
Shareholder Relations
investors@avewholdings.com
512-436-9496
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November 11, 2015 08:30 ET (13:30 GMT)
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