SOURCE: Axial Vector Energy Corp.

November 29, 2010 06:07 ET

Michael B. McShea Named Manager, Business Development for Axial Vector in USA

DUBAI, UNITED ARAB EMIRATES--(Marketwire - November 29, 2010) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC), a developer of state-of-the-art green technologies, announced today it has appointed current Advisory Board Member Michael B. McShea as Manager, Business Development USA.

In his dual roles, Mr. McShea will continue to participate with other members of the AVEC Management team to determine the strategic direction of the company while also securing and developing viable business partners to bring these strategic visions to fruition.

Samuel Higgins, AVEC Chairman and CEO, stated, "We are delighted to have Mike in this new position. With his 27 years' service in the United States Air Force, Comptroller / DCS Logistics and Materials and a Ph.D. in Finance, he understands both areas which are the building blocks of bringing our products to the marketplace."

Michael McShea stated, "As a long-time investor with Axial Vector Energy Corporation and a member of their Advisory Board, I have always been impressed with the ever-increasing array of technology in the AVEC inventory. This 'Good Green Company' is poised to revolutionize the entire arena of energy production while minimizing or eliminating the use of fossil fuels. I am proud to be in the position to bring these technologies to industry and to the public."

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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