Axial Vector has agreed to a freeze on any future investments from others and the stock position currently held by EICA may not be diluted without a two-thirds majority vote of the shareholders.
EICA has provided project financing to AVEC of $45,000,000 dollars for its engine and generator technology rollout.
Mr. Ahmed Khalifa, Chairman of AVEC stated,
"We are delighted to have completed this agreement for financing and shareholder protection. While this agreement protects the investment of EICA, our largest shareholder, it also assures that the interest of our thousands of shareholders around the world are also protected as we begin the long awaited launch tomorrow of our products which have such enormous potential for revenue and profits."

Posted by Anne-Birte Stensgaard, Senior News Editor



