SOURCE: AVEC Corporation

May 19, 2011 07:58 ET

AVEC Signs Exclusive Distribution Contract for "Solar Sun Systems" Covering Iraq, Djibouti & Afghanistan With MGT Group

DUBAI, UNITED ARAB EMIRATES--(Marketwire - May 19, 2011) - Corporation ("AVEC") (PINKSHEETS: AVEC) (FRANKFURT: BAE1) announced today the signing of an exclusive distribution agreement for its "Solar Sun Systems" with MGT Group ( covering Iraq, Djibouti and Afghanistan.

The MGT Group is a leading supply house in the region for seamless procurement services. Target industries for its services including the global oil/gas industry, NGOs, world militaries and international institutions such as the U.N. Red Crescent and is a global player maintaining offices on five continents.

Over the last 18 years MGT has secured a significant reputation in the region by development of its business along diverse lines such as camp supply/operation, humanitarian aid, national reconstruction, industrial and infrastructure development. MGT views its ISO 9000 certification as a means of furthering its global competitive status and by providing its loyal and longstanding customers a means of assessing its level of quality and their commitment to improvement.

The company they keep around the globe reflects MGT professionalism. Key clients include: the U.S. Military, British Forces, NATO, U.N. agencies, global oil/gas corporations, NGO's the World Banks and private humanitarian foundations such as the Zayed and Kuwait fund for International Development. MGT offices are in Iraq, Sudan, UAE, Afghanistan, Pakistan, Kuwait and Canada.

Under this agreement pilot demonstration plants will be set up in each of the three countries to demonstrate "Solar Sun Systems" in all conditions and to secure orders for deployment in each country.

About AVEC Corporation
AVEC Corporation (AVEC) is a Nevada Corporation and global solutions provider that owns, develops, invests in and licenses revolutionary technologies including solar, wind and geothermal alternative energy systems. It also owns and licenses multi fuel internal combustion engines 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 green 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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