PORTLAND, Ore., PRNewswire-FirstCall/ -- Axial Vector Engine Corporation (BULLETIN BOARD: AXVC) announced today it has been notified by Emirates International Capital Advisory of its acquisition of 8.1 % of its shares.
The Chairman of Emirates International Capital Advisory is His Highness Sheikh Marwan bin Mohammed bin Rashid Al Maktoum, son of the Ruler of Dubai and Prime Minister and Vice President of the United Arab Emirates.
Axial Vector has signed an NDA today with Emirates International Capital Advisory and will provide a comprehensive presentation of its family of technologies including a presentation at its licensee's facilities in Detroit Michigan as part of its due diligence towards possible further investment and or co development of its technologies.
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About Emirates International Capital Advisory
Emirates International Capital Advisory (EICA) is chaired by His Highness Sheikh Marwan bin Mohammed bin Rashid Al Maktoum, son of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the United Arab Emirates and Ruler of Dubai. Under Sheikh Marwan‚s leadership, EICA is exporting the incredible vision and successes of Dubai to other areas of the world with promising investment opportunities.
Managing Director, Arash Masom, describes their company as priding itself in "firsts", just like the emirate of Dubai. Coming out of obscurity with a lot of "firsts"‚ such as "Palm Islands", "Burj Dubai", "The World Islands" and many more. EICA is confident that Axial Vector possesses a "first"‚ and they are excited at being involved with and assisting to help propel this new technology into the mass market starting right here in the United Arab Emirates.
About Axial Vector(TM) Engine Corporation
Axial Vector(TM) Engine Corporation is a publicly traded company (BULLETIN BOARD: AXVC) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. We are applying these technologies to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size. The internal combustion engine as we know it today may never comply with mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines. We see the Axial Vector(TM) as the engine design that will comfortably meet these challenges, and more.
Key entry markets for the Axial Vector(TM) engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators incorporating our unique Axial Vector(TM) technology. The generators will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators.
Forward-Looking Statements
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, completion, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
Contact:
Samuel Higgins
Axial Vector Engine Corporation
One World Trade Center
121 SW Salmon Street, Suite 1100
Portland, OR 97204 USA
503 471-1348
Samuel.Higgins@AxialVectorEngine.com
http://www.axialvectorengine.com/
© Press Release 2007
