SOURCE: Axial Vector Energy Corp.

May 19, 2010 05:34 ET

Axial Vector Energy Corporation Announces Extension of Agreement With Redwood Consultants, LLC and Constellation Capital Management, LLC

Partnership to Assist in Shareholder Relations, Strategic Planning, and Joint Ventures

DUBAI, UNITED ARAB EMIRATES--(Marketwire - May 19, 2010) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1), a developer of state-of-the-art green technologies, is pleased to announce today that the Company has renewed its contract with California-based firm Redwood Consultants, LLC to continue assisting in shareholder relations and investor communications. Furthermore, the company is pleased to announce it will also continue its ongoing efforts with Redwood's affiliate Constellation Capital Management, LLC to continue the development of AVEC's joint ventures.

AVEC Chairman Sam Higgins said, "Axial Vector has set the stage for significant growth. We believe that we are entering a strong period for new development and shareholder updates. We are very pleased to continue and announce our evolving relationship with Redwood Consultants and are committed to continue in providing timely and consistent updates to the investment community. We will be working closely with senior management of Redwood to keep the global investment community apprised of our progress at all levels."

About Redwood Consultants, LLC
Redwood Consultants, LLC is a full-service investor relations firm that works closely with emerging, publicly traded companies to communicate their value to the investment community and build and sustain greater investor sponsorship. Committed to their clients' success, Redwood's mission is to deliver highly credible information and comprehensive research on the corporate potential of the emerging companies they represent to the Wall Street community of analysts, institutional investors and retail stockbrokers. Redwood Consultants recognizes that small, innovative companies must align themselves with a trusted investor relations partner to successfully compete in today's new-market environment. Redwood is known throughout the financial community for their loyalty, integrity and credibility. For more information, see www.redwoodconsultants.com

About Constellation Capital Management, LLC
Constellation Capital Management, LLC (CCM) is a Novato, California based Merchant Banking firm. CCM's provides traditional Merchant Banking services to clients in the energy, specialty chemicals, high technology and health care industries. CCM is a minority partner in U.S. Windworks, LLC (USWW), AVEC's United States wind energy retrofit business. Principals of CCM were responsible for completing the leveraged purchase and initial public offerings of Chemdesign Corporation (NASDAQ), Calgon Carbon Corporation (NYSE), and Rexene Corporation (NYSE). CCM presently has investments in, and is assisting clients in the health care, defense technology, energy, and oil refining and processing industries. For more information, see www.constellationcapital.us 

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

  • Investor Contact:
    Redwood Consultants, LLC
    415-884-0348

    For further information, please contact:
    Samuel Higgins
    Chairman
    Axial Vector Energy Corporation
    Telephone: +9714 887 5351
    Facsimile: +9714 881 7835
    inquiry@axialvectorenergy.com
    www.axialvectorenergy.com

    Jebel Ali Free Zone
    LOB21- F07
    Dubai, United Arab Emirates
    www.axialvectorenergy.com

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