SOURCE: Axial Vector Energy Corp.

March 01, 2010 06:29 ET

Axial Vector Energy Accepts Invitation to Address Senior Saudi Government Officials and Investors at the Gulf Environment Forum, March 8th, in Jeddah, Kingdom of Saudi Arabia

DUBAI, UNITED ARAB EMIRATES--(Marketwire - March 1, 2010) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) announced today it has accepted an invitation to address all of the delegates at the Gulf Environment Forum (http://gulfenvironmentforum.com), March 7th-9th, hosted this year in the Kingdom of Saudi Arabia, under the patronage of His Majesty King Abdullah Bin Abdulaziz. Axial Vector's Chairman, Mr. Samuel Higgins, will discuss the features and benefits of the company's product offerings and their potential near term impact on the Gulf economy. His presentation is entitled, "Available Now: Lower Cost Green Energy Solutions and Removing Sulphur from Crude Oil with our New Technology."

"The Kingdom of Saudi Arabia has billions of dollars reserved for investment in green energy technology and is hosting this forum in the hope of identifying breakthrough opportunities. Accordingly, we are honored to receive this rare opportunity to address both the Kingdom's senior government officials, as well as many of its wealthiest investors. We hope to listen and learn while also securing new capital sponsors, licensees, distributors and affiliates for our more mature products and technologies," stated AVEC Chairman Samuel Higgins.

About Axial Vector Energy Corporation
Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops, invests in and licenses revolutionary technologies including 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.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward- looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

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