AVEW Holdings Inc. (AVEW)

[Pennylanepam]

ActionView Chief Executive Officer, Jose Chavez, commented, "The respective companies' shareholders and boards of directors have executed the necessary approvals and all terms of the share exchange agreement have been met. The transaction is therefore consummated and we are operating as Austex Holdings.

Our goal is to return the company to a fully reporting status with the Securities and Exchange Commission and up-list the company's stock to the OTCBB.

Austex will be concluding an audit of its financial statements and filing a registration statement covering our issued and outstanding shares as part of this process.

As previously discussed, there is no plan to reverse split the company's stock."