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".