AUSTIN, Texas, March 25, 2013 /PRNewswire/ -- ActionView
International, Inc. (OTCPink: AVEW) today announced that the
holders of the company's Series A Preferred Stock have sold their
interest to Jose Chavez, who was
named as Chief Executive Officer. The Company also
announced that ActionView will be doing business as Austin Estate
Buyer.
Austin Estate Buyer operates a retail gold exchange outlet in
Texas with plans to expand with
additional locations in the coming twelve months. Mr. Chavez
commented on the transaction, "I'm thrilled to come aboard
ActionView and build shareholder value by expanding the proven gold
exchange model. This gives us a huge opportunity to expand
our model, with a twelve month goal of opening additional
stores."
The Company also announced that it will discontinue its action
sports operations and spin off the MatchFights subsidiary.
Mr. Chavez explained, "While the online action sports space is
attractive, it has thus far proven to be cost prohibitive.
MatchFights has staged over a dozen events with limited financial
success and the Internet pay-per-view model has failed to generate
sufficient revenues. From a shareholder standpoint, we feel
unable to justify further investment into a business that would
require a substantial additional capital with an unknown
outcome. Austin Estate Buyer is a proven, cash
flow-generating business which, in our opinion, can bring immediate
returns on investment."
The Company will be providing additional information about
Austin Estate Buyer, including operational details, in the coming
weeks. Please visit us at www.austinestatebuyer.com
About ActionView International, Inc.
ActionView International will be doing business as Austin Estate
Buyer which operates retail gold exchange stores in Austin, Texas. www.austinestatebuyer.com
Contact:
ActionView International, Inc.
chavezgroup10@gmail.com
SOURCE ActionView International, Inc.