AVEW HOLDINGS INC. (OTC PINK: AVEW) (PINKSHEETS: AVEW) is pleased to announce the initiation of the company’s common stock Buyback Program. AVEW has begun this buyback with an initial purchase of over 51,000,000 shares of its class A common stock. In addition, AVEW’s goal is to retire the company’s convertible notes as company profits and acquisitions continue to grow.
Mr. Jay Ling, President of AVEW stated “AVEW management and the board of directors are in full support of the Common Stock Buyback Program. AVEW will continue, from time to time, make additional purchases of the company’s common stock as well as retire convertible notes as management and the Board deem beneficial to the company and it’s shareholders. The purchased stock will either be cancelled or held in the company’s treasury for corporate use at the discretion of the board”.
AVEW’s business model of internal growth and vertical integration strategy through the acquisition of service and construction is proving to be a success.
“This common stock Buyback program is an indication of AVEW Management’s confidence and commitment to its staff, shareholders, vendors, and customers that AVEW is poised to be a successful and profitable enterprise” said Mr. Jose Chavez, CEO of AVEW HOLDINGS.
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.
AVEW HOLDINGS INC.
SOURCE: AVEW HOLDINGS INC.