AVEW Holdings Inc. Signs An Immediate Access $5 Million Dollar Financing Agreement And A Subsequent $5 Million Commitment Up...
October 07 2014 - 8:00AM
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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