AVEW HOLDINGS Inc. announced that the company will set up its own stand-alone wholly owned Precious Metal Recovery and Smelting Operation. Operations are scheduled to start February 1, 2017 in Prescott, Arizona. The decision to start its own operation and cancel the previous announced acquisition comes after a site visit to Azrock Holdings operations in Arizona. After careful study and due diligence, AVEW management has made a decision that it is in the company's best interest to invest and start its own precious metal recovery operation. A License agreement for Mr. Nunley to provide technical and operations support for AVEW's operations is currently in progress. Current high quality ore is available for several decades. AVEW will own 100% of the operations and will pay a fee to Mr. Nunley. A final fee agreement is under negotiations with Mr. Nunley. AVEW will explore the opportunity for multiple operations in other cities or states.