AVEW Holdings Closes on the Acquisition of Custom Home Builder - Tarragon Homes LLC
02 December 2014 - 11:30PM
eTeligis
AUSTIN, TX(Eteligis Inc.)
AUSTIN, TX, United States, via ETELIGIS INC., 12/02/2014 - -
AVEW Holdings Inc (OTC PINK: AVEW) (PINKSHEETS: AVEW), today
announced the closing of the Tarragon Homes LLC acquisition, a
custom home builder and remodel service contractor serving Austin,
Texas as well as the Hill Country and Lake areas.
Tarragon Homes will be operated under AVEW Custom Builders, a
new AVEW division created to handle custom building, commercial
building and Residential real estate development projects. Mr.
Chris Wood founder and President of Tarragon Builders LLC will be
COO of AVEW Custom Builders. Mr. Wood has over a decade of
construction experience in high end custom homes and high end
renovation projects in Central Texas and the Lake Areas. BuildZoom
has rated Tarragon Homes in the top 10% of 222,249 contractors in
Texas.
Mr. Jose Chavez, CEO of AVEW Holdings stated, "The closing of
Tarragon Builders is the fourth complete acquisition by AVEW in
2014. The market place will now see and confirm that AVEW's
Business Model is working." He continued, "AVEW is positioned to
meet or exceed projected revenues in 2014 and beyond."
Mr. Jay Ling, President of AVEW stated, "Tarragon today joins a
structured Family with management, financial, and construction
experience that will propel the AVEW Custom Builders Division to
exceed projected revenues of $15 million for 2015."
Working with Mr. Wood will be Mr. Jim DePetris, Director of AVEW
Real Estate Development Division. Mr. Wood and Mr. DePetris serve
on AVEW's Advisory Board. The team has identified over 10 target
projects in Texas as potential construction and development
projects for 2014 and 2015.
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. AVEW Real Estate and Development is a new
division set up to service the demand for residential and
commercial real estate construction and land development projects
being offered to AVEW throughout the state of Texas.
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
investors@avewholdings.com
512-436-9496
SOURCE: AVEW Holdings
Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28594
- Link to submission on http://www.eteligis.com
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