AVEW HOLDINGS INC Announces Acquisition LOI - 8NEWS - WRIC | News Where You Live

AVEW HOLDINGS INC Announces Acquisition LOI

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AUSTIN, TX, United States / ACCESSWIRE / Aug 20, 2014 / Avew Holdings, Inc., (OTC: Pink; AVEW) today announced that the company has signed a letter of intent to acquire Diamond Head Pools, a Texas-based company that operates a pool maintenance and repair service business headquartered in Dallas, Texas.  Diamond Head is a three year old business with an excellent reputation in the Dallas Metro pool service industry. Diamond Head will report to Fantastic Pool Services (FPS) and Mike Sharp, COO. FPS has enjoyed a 100% over all growth in revenues and 100% increase in clients over the past year. This puts FPS with over 160 clients to date. The FPS business model and goal is to reach a client base of 300 over the next 12 months.

AVEW Holdings, a 28 year old Nevada company now based in Austin, TX was restructured in 2010 to service the central Texas region.  Over the years, the company has been recognized with multiple international and regional pool and landscaping construction and design awards.  In addition to pool design and construction, they offer full landscaping and monthly pool service plans through its newly acquired Fantastic Pool Services LLC and Austin Patio & Outdoor Living. AVEW is expanding outside of the regional market while pursuing a vertical integration strategy through the acquisition of service and construction companies that compliment AVEW business.

Commenting on the transaction, President, James T. Ling, explained, “We are excited about this transaction because it compliments our current business model with great expansion potential and a solid revenue stream that will contribute to AVEW’s service platform and to bottom line profits”. Mr. Mike Sharp is a 15 year business veteran, founder and COO of FPS commented “the acquisition of Diamond Head Pools will contribute to AVEW with its pool service business and also bring in additional revenues from its operations”.

About Avew Holdings, Inc.

AVEW Holdings Inc, operates full service pool, spa, landscape and outdoor living design and construction companies. Fantastic Pool Service LLC and Diamond Head Pools are a maintenance and pool repair companies doing business in central Texas and the Dallas Metro area. Past, current and future acquisitions are accomplished with any combination of cash, debt, and or SEC Rule 144 common stock.

CONACT:

Avew Holdings Inc, contact:
Shareholder Relations
512-436-9496
investors@avewholdings.com

 

SOURCE: AVEW Holdings, Inc.

ReleaseID: 419341

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