SOURCE: Axial Vector Energy Corp.

May 24, 2010 05:51 ET

Axial Vector Energy Corporation Announces Appointment of Washington, D.C.-Based Liebman and Associates, Inc to Help Secure Federal Clean Energy Funding

VIRGINIA BEACH, VA--(Marketwire - May 24, 2010) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) announced today the appointment of Washington, D.C.-based Liebman & Associates (L&A),, to help the firm secure federal and state clean energy funding. L&A is a leading clean energy and environmental technology consulting firm. L&A facilitates partnerships with the federal and state governments, through the National Laboratories, which provide world-class technical assistance, unbiased due diligence, and financial support in order to:

  • Accelerate Research, Development and Deployment (RD&D)
  • Minimize technical, financial and market risk
  • Improve project Return on Investment (ROI)
  • Enhance corporate brand
  • Empower executives and employees to embrace new technologies and best practices
  • Protect shareholder value and control

Over the last year alone, L&A secured approximately $800 million from federal and state governments supporting clean energy projects. Those projects include some of the nation's largest and most provocative clean energy and environmental infrastructure projects across the utility, industrial, residential/commercial building, telecommunications and transportation sectors. L&A's participation also helped its clients win national awards and recognition.

Stated AVEC Chairman Sam Higgins, "We're extremely fortunate to have Liebman and Associates (L&A) representing AVEC and all of the AVEC joint venture partners in Washington, D.C. L&A is very selective in accepting new clients but those who succeed in becoming clients typically do very well. They're fast and effective and we very much look forward to working with them."

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.

Contact Information

  • For further information, please contact:

    Samuel Higgins
    Axial Vector Energy Corporation
    Telephone: +9714 887 5351
    Facsimile: +9714 881 7835

    Jebel Ali Free Zone
    Dubai, United Arab Emirates

    Building # 1, 1397 Taylor Farm Road
    Virginia Beach, VA 23453
    United States

    Investor Relations
    Redwood Consultants
    (415) 884-0348