ActionView International, Inc., (OTC Pink: AVEW) (PINKSHEETS: AVEW) today announced that the company has acquired Fantastic Pool Services LLC, (FPS) a Texas-based company that operates a pool maintenance and repair service business headquartered in Austin, Texas. FPS is a two year old business with an excellent reputation in the pool service industry. FPS has enjoyed a 100% over all growth in revenues and 185% increase in clients over the past year. The FPS business model and goal is to reach a client base of 300 over the next 18 months.
AVEW Holdings was established in 2010 to service the greater Austin area. Over the years, the company has been recognized with multiple international and regional 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. AVEW intends to expand outside of the regional market while also pursuing a vertical integration strategy through the acquisition of service and construction companies that compliment AVEW business, just like Fantastic Pool Services LLC.
Commenting on the transaction, President, James T. Ling, explained, "We are excited about this transaction because it complements our current business model and will contribute to AVEW's service platform and to bottom line profits." Mr. Mike Sharp, a 15 year business veteran, founder and president of FPS commented, "FPS will contribute to AVEW with its pool service business and also bring in additional revenues from its operations."
About ActionView International, Inc.
ActionView International, operates AVEW Holdings, a full service pool and landscape design and construction company. Fantastic Pool Service LLC is a maintenance and pool repair company doing business in central Texas.
ActionView Media, contact:
Shareholder Relations
investors@avewholdings.com
SOURCE: ActionView International, Inc.
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AVEW_3-25-14_ELS_ETL.docx
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