AUSTIN, TX, United States, via ETELIGIS INC., 10/27/2014 – – AVEW Holdings Inc. (OTC Pink: AVEW) (PINKSHEETS: AVEW) today announced the establishment of a new business division: AVEW Holdings Real Estate Development. This new division will operate under our wholly owned subsidiary: AVEW Custom Builders, where Tarragon Home LLC currently resides. Mr. Chris Wood will be the interim C.O.O. of AVEW Holdings Real Estate Development.
Mr. Jose Chavez, CEO of AVEW commented, “AVEW Holdings Real Estate Development are longer term contracts with projects taking an average 24 to 48 months to complete. The plan is to access external financing structures which have already been offered to AVEW.” Jose continued, “We are happy to report Tarragon Homes and AVEW Custom Builders have received numerous proposals to participate in new home construction and multimillion-dollar residential/commercial developments in Houston, Corsicana and Cedar Park Texas areas. Tarragon Homes and AVEW Custom Builders are poised to surpass $4,000,000 in revenues for 2015. However, any new projects would run 2015 revenues beyond the $6,000,000 dollar range.”
Mr. Jay Ling President of AVEW said, “The creation of AVEW Holdings Real Estate Development was established to effectively run and manage Residential/Commercial Construction projects that involve real estate, new construction and remodel projects.” He continued, “The selection of AVEW Holdings to participate in large scale and long term projects like these are an indication of the successful business model being implemented and the quality of companies being acquired or targeted companies to be acquired by AVEW.”
Tarragon Homes has been rated in the top 10% of over 220,000 contractors in Texas, by BuildZoom the world’s largest repository of information on contractors. AVEW Holdings has in house experience to construct and manage large-scale development projects. AVEW’s Marcelino Martinez, C.O.O of Kustom Fence Construction, has over 10 years of residential construction management and supervision with two of Texas largest high-end homebuilders.
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.
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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.
AVEW HOLDINGS INC.
SOURCE: AVEW Holdings, Inc.