GEORGETOWN, SC -- (Marketwired) -- 02/13/14 -- Aventura Equities, Inc.'s (OTC Pink: AVNE) board of directors has announced that it is going to aggressively seek merger and joint venture partners in a number of business sectors where exciting growth opportunities exist. Richard Armstrong, Chief Executive Officer and director of the Company, stated, "We have been approached by several companies concerning opportunities that we must seriously address and evaluate. Shareholders deserve an opportunity to participate in developing and growing markets that we may have been recently exposed to and we believe may finally give the Company the gravitas it deserves."
The Company has been in discussions since June 2013 with several companies and the boards of directors continue to evaluate the prospects and the ultimate benefits to be derived for the Company shareholders.
As part of the change in direction planned by the board of directors, the Company has also dissolved the joint venture agreement previously announced, between its subsidiary Renewed World Energies and US Fuel Corporation. "The joint venture agreement never progressed satisfactorily and we believe it is in the best interest of the Company to not devote economic or human resources to this endeavor at this time," commented Mr. Armstrong.
Disclaimer: Forward Looking Statements
This release contains statements relating to future results which are forward-looking statements. These statements are not historical facts and are not guaranteed, but instead represent only the good faith belief of AVNE management as of the date of this release. Future events are by their nature inherently uncertain and outside of AVNE's control. It is possible that AVNE's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions of securities laws in force as of the date of this release. AVNE does do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.