Avew Holdings executes Definitive Agreement with a 13 Year Old Nursery and Landscape Company
September 16 2014 - 7:00AM
eTeligis
AUSTIN, TX(Eteligis Inc.)
AUSTIN, TX, United States, via ETELIGIS INC., 09/16/2014 - -
AVEW Holdings Inc. (OTC PINK: AVEW)(PINKSHEETS: AVEW) today
announced the company has signed a Definitive Agreement for the
Acquisition of Countryside Nursery & Landscape Inc., an Austin,
TX based Corporation. (www.countrysideaustin.com)
Countryside Nursery and Landscape Inc. (CSNL) has averaged
annual revenues of $5,061,367 over the past six years. CSNL is a
full service retail garden center, and provides landscape design
and installation, irrigation, irrigation design and installation,
and lawn maintenance.
The Company currently has 51 employees, 7 managers, and
professional Horticulture personnel on staff in order to service
their 200-plus clients. The nursery is situated on 3.572 acres with
7500 square feet of covered space. CSNL has over 2 acres of trees
and shrubs as well as a walk-in retail nursery.
AVEW'S immediate plan is to move all AVEW company divisions to
the CSNL property to consolidate offices and management personnel,
and to minimize overhead costs.
Mr. Neal Puckett, COO of Austin Premier Pools & Spas, a
completed AVEW acquisition, stated, "The addition of Countryside
Nursery to the AVEW family is a tremendous success. This offers our
pool division the in-house landscaping and irrigation component
business. In the last six months since joining AVEW, Austin Premier
Pools has signed over a million dollars of new contracts."
This and other pending acquisitions are being assisted with
AVEW's committed Line Of Credit to be provided when AVEW is able to
up list to OTCQB. In addition, AVEW is reviewing alternative
finance programs. AVEW has successfully closed on: 1. Austin
Premier Pools & Spas, 2. Fantastic Pool Services (FPS), and 3.
Austin Patio & Outdoor living (MD Construction Co.) and has a
Definitive Agreement with Kustom Fence Construction of New
Braunfels, TX. In addition, after careful review, AVEW Holdings has
also rescinded acquisitions or Letters Of Intent for Austex
Holdings Inc, Diamond Head Pools, and Prostar Dirt Work Inc.
Commenting on the completed FPS acquisition, Mr. Mike Sharp, COO
of FPS, stated, "I was impressed with the AVEW business model and
the extensive experience in building public companies Mr. Jose
Chavez, AVEW CEO, and Mr. Jay Ling, AVEW President, bring to the
table. I am delighted to be part of the AVEW team, and I am more
than excited about the opportunity in front of AVEW and FPS. Since
joining the AVEW team 5 months ago FPS has experienced over 200%
revenue growth."
Mr. Jay Ling President of AVEW, who has over 30 years experience
in landscaping design and installation, stated, "The Nursery and
Landscape component brings our service model full circle. This is a
unique opportunity and a first for a small public specialty
construction company with all its divisions working to provide a
truly full service design, construction, and service business to
our pool and outdoor living clients."
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 makes 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
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27790
- Link to submission on http://www.eteligis.com
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