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Axial Vector forms new subsidiary to make acquisitions

United Arab Emirates: Saturday, September 13 - 2008 at 12:36
PRESS RELEASE

Axial Vector Energy Corporation (AVEC) today announced the formation of a wholly owned subsidiary; AVEC Strategic Acquisitions Corporation.

"Our strategic plan calls for acquiring businesses that complement our core technology and allow our revenue stream to grow more rapidly. With the proper structure and financing now in place, we will proceed to finalize our discussions on companies that we have researched and identified as strategic to our plans."

The new company will be headed by Mr. Chhaunker who will be working closely with Mr. Behzad Khakouei, Director Strategic planning of AVEC.

The companies being looked at have been monitored and examined closely by Mr. Khakouei and his team during the past six months.

Mr. Khakouei commented:

"Now that we have our new CEO and the subsequent establishment of AVEC's new subsidiary, we are now in a position to execute the deals that will propel AVEC to the forefront of clean, efficient energy suppliers."

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Related site: http://www.axialvectorenergy.com

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About Axial Vector Energy Corporation:

Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops and licenses revolutionary internal combustion engine and electric power generator technologies that have unlimited potential in military, industrial and commercial applications. AVEC and its partners are positioned to become unrivalled leaders in international engine and energy markets with technologies that produce more efficient, cost-effective, environmentally sensitive and versatile solutions for use in a wide variety of important applications around the world.

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Posted by Siba Sami Ammari
Saturday, September 13 - 2008 at 12:36 UAE local time (GMT+4)

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Axial Vector forms new subsidiary to make acquisitions

Axial Vector Energy Corporation (AVEC) today announced the formation of a wholly owned subsidiary; AVEC Strategic Acquisitions Corporation.

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