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AVEW(.0011)~~ BUY BACK started: Initial Purchase 51 million shares

AVEW Holdings Completes Initial Purchase of the Stock Buy Back Program


September 3, 2014 9:30 AM

AUSTIN, TX / ACCESSWIRE / September 2, 2014 / AVEW HOLDINGS INC. (OTC PINK: AVEW) (AVEW) is pleased to announce the initiation of the company’s common stock Buyback Program. AVEW has begun this buyback with an initial purchase of over 51,000,000 shares of its class A common stock. In addition, AVEW’s goal is to retire the company’s convertible notes as company profits and acquisitions continue to grow.

Mr. Jay Ling, President of AVEW stated "AVEW management and the board of directors are in full support of the Common Stock Buyback Program. AVEW will continue, from time to time, make additional purchases of the company’s common stock as well as retire convertible notes as management and the Board deem beneficial to the company and it’s shareholders. The purchased stock will either be cancelled or held in the company’s treasury for corporate use at the discretion of the board".

"This common stock Buyback program is an indication of AVEW Management’s confidence and commitment to its staff, shareholders, vendors, and customers that AVEW is poised to be a successful and profitable enterprise" said Mr. Jose Chavez, CEO of AVEW HOLDINGS.

http://finance.yahoo.com/news/avew-holdings-completes-initial-purchase-133000191.html