AVEW Holdings Inc. (OTCPK:AVEW) signed a memorandum of understanding to acquire Azrock Holdings LLC from Larry Nunley on November 16, 2016. The definitive agreement is anticipated to finalize by the end of November 2016. AVEW will acquire 20% of Azrock in 2016 and additional 20% in first quarter of 2017. The remaining 50% of Azrock will be acquired by end of 2017. Larry Nunley, President of Azrock will remain and continue to manage and operate Azrock until such time that AVEW completes a full acquisition. Larry Nunley will continue to support AVEW/Azrock and will be participating in the AVEW Advisory Board of Directors. AVEW Holdings Inc. (OTCPK:AVEW) cancelled the acquisition of Azrock Holdings LLC from Larry Nunley on January 10, 2017.