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AVEW Avew Holdings Inc (CE)

0.000001
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Avew Holdings Inc (CE) USOTC:AVEW OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

AVEW Holdings Inc. Signs An Immediate Access $5 Million Dollar Financing Agreement And A Subsequent $5 Million Commitment Up...

07/10/2014 2:00pm

eTeligis


AUSTIN, TX(Eteligis Inc.)

AUSTIN, TX, United States, via ETELIGIS INC., 10/07/2014 - -

AVEW Holdings Inc (OTC Pink: AVEW) (PINKSHEETS: AVEW) today announced that the company has signed a $5 million dollar financing agreement with a private investment firm that specializes in small and micro-capitalized public growth companies. AVEW is currently focused and diligently executing on its vertical integration strategy through the acquisition of service and specialty construction companies that compliment AVEW business plan.

"Securing a financing facility through an institutional investor provides management with great leverage as we continue the aggressive implementation of our business plan" said Jose Chavez, CEO of AVEW Holdings Inc. "Management can draw down on this financing at any time giving the flexibility to make strategic decisions on growing our business," continued Chavez. The funds will be used for acquisitions and other business activities that will directly result in generating revenues and earnings. The facility will not be used for working capital or corporate overhead. AVEW currently has enough cash and contracts on hand to tactically continue moving forward.

Mr. Jay Ling President of AVEW stated "In addition to this financing agreement, AVEW'S management is moving forward to up list AVEW to OTCQB status. The management team at AVEW is excited and focused on AVEW'S business model and emphasis on horizontal and vertical growth." The OTCQB status will allow AVEW Holdings Inc. to access an additional 5 Million dollar line of credit as previously announced. The financials statements and required documentation for the up list is in progress.

About AVEW Holdings Inc. :

AVEW HOLDINGS is a full service pool, spa and landscape design and construction company. Austin Premier Pools & Spas 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. Austin Patio & Outdoor Living is a new and residential remodel Construction Company servicing central Texas. Austin Patio 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.

Safe Harbor Statement:

AVEW cautions that statements made in press releases constitute forward-looking statements, and make 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:

AVEW Holdings Inc.

Shareholder Relations

S.T.A.T Group

Craig Fischer

Communications Manager

786-375-0556

investors@avewholdings.com

512-436-9496

SOURCE: AVEW Holdings, Inc.

Associated Documentation:

http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28057 - Link to submission on http://www.eteligis.com

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