AVEW Holdings Reports an Increase in Third Quarter Results and Robust Contract Pipeline
November 06 2014 - 8:00AM
eTeligis
AUSTIN, TX(Eteligis Inc.)
AUSTIN, TX, United States, via ETELIGIS INC., 11/06/2014 - -
AVEW Holdings Inc. (OTC Pink: AVEW) (PINKSHEETS: AVEW) today
announced the company reported its third quarter financial status
to OTC Markets. The financial condition of AVEW has improved by
335% in Balance Sheet Equity from $98,316 to $329,832 and a cash
position from $(26) to $ 62,223 at the end of third quarter 2014
compared to December year-end 2013 financials. In addition, there
has been a reduction of over $120,000 in debt since year-end 2013.
Not shown in the financial statement is a significant new contract
pipeline in new pools and outdoor living construction. Austin
Premier Pools and Spas currently has $408,000 in contracts pending
financing approval and $528,500 in additional contracts while
Austin Patio & Outdoor Living has $350,000 in contracts pending
financing and an additional $115,000 in new contracts.
Other noteworthy accomplishments have been the completion of
three acquisitions; two major equipment dealerships; equipment
partnership with Pentair Aquatic Systems; hired two new managers
and a Director of Sales; four definitive agreements to acquire a
pool company, a nursery/landscaping contractor, a fence and
construction company and a custom home builder; formed four new
divisions to accommodate and support custom builders, and executed
two financing agreements with Capital Market Groups totaling 10
million dollars in committed financing.
Mr. Jose Chavez, CEO of AVEW, commented, "We have come a long
way from the initial Action View International Inc business format
and financial position. Our management team has done an outstanding
job in executing AVEW'S New Business Model." With the finalization
of a few of the Definitive Agreements plus successful completion of
work pipeline, AVEW stands to surpass the projected year end
revenues of $5,000,000. Mr. Jay Ling President of AVEW stated
"AVEW'S current business overview clearly demonstrates that AVEW is
poised not only to be a profitable and successful business, but
also will surpass the management projected revenues forecast for
2014, 2015, and beyond."
About AVEW Holding s 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=28385
- Link to submission on http://www.eteligis.com
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