NEWS

DUBAI, United Arab Emirates, and LOS ANGELES, July 15 - Axial Vector Energy Corporation ("AVEC") (Pink Sheets: AXVC; Frankfurt: BAE1) announced today that the U.S. Securities and Exchange Commission has terminated its investigation of the Company, and its former Chairman recommending that no enforcement action be taken. The SEC informed AVEC of its decision in a letter from the SEC's San Francisco Regional Office.

DUBAI, United Arab Emirates and Los Angeles - May 08, 2008 - Axial Vector Energy Corporation ("AVEC") (AXVC.PK) (Frankfurt: BAE1) today announced that it has retained Los Angeles-based Financial Profiles, Inc. for investor relations counsel.

DUBAI, United Arab Emirates, April 15 /PRNewswire-FirstCall/ - Axial Vector Energy Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) is scheduled to attend and present at the 99th FSX Investment Conference May 1-3 at the Marina del Rey Marriott Hotel in Marina del Rey, CA. Director of Strategic Planning Mr. Behzad Khakouei will make a slideshow presentation and showcase the investment opportunity of Axial Vector Energy.

DUBAI, United Arab Emirates, April 9, 2008 /PRNewswire-FirstCall/ - Axial Vector Energy Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) announces today the hiring of Mr. Behzad Khakouei as Director of Strategic Planning. Mr. Khakouei will be the chief liaison with the international investment community and will assist with strategic implementation by the sales and marketing teams. Based in London and Dubai, Mr. Khakouei will also help coordinate legal, accounting, and compliance efforts to list Axial Vector stock on more reputable exchanges in both the United States and Germany.

DUBAI, United Arab Emirates, March 31, 2008 (PRNewswire-FirstCall) - Axial Vector Energy Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) announces that a new audio-taped webcast interview with EICA Senior Managing Director Arash Masom is now available for listening on the WEBCASTS page at www.thegreenbaron.com. Investors who wish to receive The Green Baron Report for free can join at http://www.thegreenbaron.com/Join.htm. This webcast is also available at www.StrictlyStocks.com, "Where Wall Street speaks to the World".

DUBAI, United Arab Emirates, March 27, 2008 (PRNewswire-FirstCall) - Axial Vector Energy Corporation (OTCPK: AXVC) (Frankfurt: BAE1) announces that EICA Senior Managing Director Arash Masom will conduct a second audio-taped webcast interview so that AXVC shareholders and the investment community can learn more about several announcements released over the past few weeks by Axial Vector Energy.

PORTLAND, OR, March 25, 2008 (PRNewswire-FirstCall) - Axial Vector Engine Corporation (OTCPK: AXVC)(Frankfurt: BAE1) announces that effective today it is changing of its name to Axial Vector Energy Corporation to reflect the commencement of its international branding program and more new product offerings. The Company has secured the website address www.axialvectorenergy.com that is now live and will soon begin implementing changes on the site to effectively communicate its businesses.

DUBAI, United Arab Emirates, March 24, 2008 (PRNewswire-FirstCall) - Axial Vector Engine Corporation (OTCPK: AXVC; Frankfurt: BAE1) announces that two assembly facilities, one in Detroit and the other in Dubai, are scheduled to come online to meet the demand for AVEC products.

DUBAI, United Arab Emirates, March 19 (PRNewswire-FirstCall) - Axial Vector Engine Corporation (OTCPK: AXVC)(Frankfurt: BAE1) is proud to announce it has already received its first signed lease agreements for its new multi-fuel GENSET power generation systems. These four year lease agreements with annual escalator clauses will in turn provide true multi-fuel power production capabilities to the end user for the first time. The GENSET's ability to run on clean fuels and obtain "carbon credits" is viewed as an innovative development and is produced significant interest from attendees of last week's WETEX conference.

DUBAI, United Arab Emirates, March 17 (PRNewswire-FirstCall) – Due to an enormous number of calls and questions regarding its announcement March 10, Axial Vector Engine Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) wishes to bring more clarity to this press release. On Monday, March 10, Axial Vector announced a “standstill” agreement with Emirates International Capital Advisory (EICA) precluding the sale of AVEC treasury stock for less than US$4 per share. It also precludes EICA from buying directly from any large shareholders. The Agreement does not, however, prevent EICA from acquiring shares on the open market

DUBAI, United Arab Emirates, Mar 10 (PRNewswire-FirstCall) – Axial Vector Engine Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) announced today the signing of a stock standstill agreement with Emirates International Capital Advisory. EICA has agreed not to purchase or option any further equity in the company until the company has traded in excess of $4.00 per share for ten consecutive trading days.

The Green Baron Report has watched Axial Vector trade for years. We have monitored developments closely and seen huge run ups on hope for commercially ready product and pullbacks following more delays.(Click on the heading to download the Report)

Dubai, United Arab Emirates – February 28, 2008, Axial Vector Engine Corporation (Symbol: AXVC.PK - Frankfurt Symbol: BAE1) today announced That its project finance agreement with a Dubai Consortium has now been set at an initial investment of forty five million USD for its new “ultra efficient multi-fuel GENSETS”.

DUBAI, United Arab Emirates, Feb. 20 /PRNewswire-FirstCall/ -- Axial Vector Engine Corporation (Pink Sheets: AXVC; Frankfurt Symbol: BAE1) today announced the appointment of Mr. Ahmed Khalifa as Chairman of the Board of Directors.

Dubai, United Arab Emirates – February 14, 2008, Axial Vector Engine Corporation (Symbol: AXVC.PK - Frankfurt Symbol: BAE1) today announced that the company's finished production unit will be on hand at the WETEX 2008 (Water, Energy Technology and Environment Exhibition in Dubai March 11-13 2008).

Dubai, United Arab Emirates – January 15, 2008, Axial Vector Engine Corporation (Pink Sheets: AXVC-NEWS; Frankfurt Symbol: BAE1) today announced today that the company has signed an MOU to test and demonstrate its Multi Fuel Power and Water system using the AVEC 200 KW GENSET.

DUBAI, United Arab Emirates — January 2, 2008 — Axial Vector Engine Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) today announced today that the company's finished production units will be presented at the Water, Energy Technology and Environment Exhibition ("WETEX") 2008 in Dubai, March 11-13, 2008.

Dubai, United Arab Emirates — December 6, 2007 — Axial Vector Engine Corporation (Pink Sheets: AXVC-NEWS; Frankfurt Symbol: BAE1) today announced that one of its largest shareholders Emirates International Capital Advisory has signed a Letter of Intent to purchase in an all cash transaction Adaptive Propulsion Systems LLC.

Dubai, United Arab Emirates — November 29, 2007 — Axial Vector Engine Corporation (Pink Sheets: AXVC-NEWS; Frankfurt Symbol: BAE1) today announced that trading has commenced on the Frankfurt Stock Exchange. Ahmed Khalifa Director stated" this approval is in line with our intentions to provide European and Gulf Cooperation Council Investors with better access and information regarding our company."

Dubai, United Arab Emirates — November 26, 2007 — Axial Vector Engine Corporation (Pink Sheets: AXVC-NEWS; Frankfurt Symbol: BAE1) today announced that Emirates International Capital Advisory has acquired an additional 10 percent of the company's common stock in a series of private transactions. Further, Emirates has signed an option agreement to purchase up to an additional 15 percent of the company's common shares at any time within the next 12 months.

PORTLAND, Ore. — November 6, 2007 — Axial Vector Engine Corporation (Pink Sheets: AXVC-NEWS; Frankfurt Symbol: BAE1) today announced receipt of its first ever revenue payment of $500,000 USD. This reflects the first advance royalty payment from EASTCOM LTD of the United Kingdom under its agreement to produce two hundred AVEC Gas Cam engines.

PORTLAND, Ore. — October 31, 2007 — Axial Vector Engine Corporation (Pink Sheets: AXVC-NEWS; Frankfurt Symbol: BAE1) today announced trading in Frankfurt, Germany is expected to commence next week with the Symbol: BAE1.

Portland Oregon, USA, October 4, 2007 — Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) today announced that it has retained Wolfe Axelrod Weinberger Associates as its investor relations agency of record effective immediately.

Portland Oregon, USA, September 25, 2007 — Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) today announced the signing of an MOU with Eastcom Ltd of London, United Kingdom for the production of AVEC 195 horsepower 605 torque gasoline engines for various civilian applications.

Portland Oregon, USA, September 17, 2007 — Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) announced that the United States Patent Office has issued the company a notice of allowance for a patent titled "Internal Combustion Engine"

Dubai, United Arab Emirates September 5, 2007 — Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) announced today the signing of 50-50 Joint Venture agreement with Emirates International Capital Advisory of Dubai United Arab Emirates for production of an AVEC powered consumer automobile and a separate twin engine race car.

Dubai, United Arab Emirates August 20, 2007 — Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) announced today the signing of a testing and development agreement with DIGI-TEC of Dubai United Arab Emirates.

Dubai, United Arab Emirates, August 16, 2007 — Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) announced today the successful demonstration of its very high torque "GAS CAM" marine boat engine.

Portland, Oregon, July 2, 2007 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that on August 15, 2007 a demonstration and technical presentation of it's "Marine GAS CAM" engine will be made to prospective licensees who have signed confidentiality and non disclosure agreements.

Portland, Oregon, July 2, 2007 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today it has been notified by Emirates International Capital Advisory of its acquisition of 8.1 % of its shares.

Portland, Oregon, February 20, 2007 — Axial Vector™ Engine Corporation pleased to announce today the opening of a Branch Office in Dubai, United Arab Emirates.

RedChip Conference, February 12, 2007
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Portland, Oregon, February 6, 2007 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today an update on its Workhorse 7.2 multi fuel engines.

Portland, Oregon, December 17, 2006 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today its continued development of variable speed drive, permanent magnet, axial flux, coreless and cored premium-efficiency electric motors designed at an energy efficiency of 98% and a power factor a 0.98 is progressing and will begin building a 0.5HP electric motor to validate its revolutionary design. Intimately integrated with its ongoing development efforts, AVEC continues to secure patent rights in its motor, generator and engine technologies.

Portland, Oregon, November 20, 2006 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that on November 28 - 30, 2006, Axial Vector Engine Corporation (AVEC) will participate in the POWER-GEN International Conference in Orlando, Florida - the premiere annual event in the world-wide power industry.

Portland, Oregon, November 6, 2006 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today its lightweight gasoline powered sinusoidal cam Axial Vector Engine recently completed a 36-hour initial Dynamometer (Dyno) test run with impressive results.

Dr. Raymond Brouzes, President and CEO of Axial Vector™ Engine Corporation stated, "We are extremely pleased by the support of our shareholders"...

Portland, Oregon, October 3, 2006 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that the company has filed a patent on its generator / motor assembly...
View "Synopsis of the AVEC Technologies"

Portland, Oregon, September 25, 2006—Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that the company has posted a video clip on its website...

PORTLAND, Ore, September 19, 2006 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC - News) announced today that its Workhorse 7.2 engine fired up...

Portland, Oregon, September 6, 2006—Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that it has posted a transcript of a telephone conference call that provided updated information on the many areas...
View Interview Transcript

Portland, Oregon, August 29, 2006—Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that an audio interview update with Dr. Raymond Brouzes is accessible through their website at www.axialvectorengine.com....
View Interview Transcript

PORTLAND, Ore., Aug. 23 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC: AXVC -- News) announced today the selection Dr. John F. Walter as Chairman of the Advisory Council for the company....

PORTLAND, Ore. August 18, 2006 Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that the initial running of the "Workhouse 7.2" engine on a dynamometer (dyno) test cell...

PORTLAND, Ore, Aug. 1 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today it has posted pictures of its "Workhorse 7.2" engine on its website...

PORTLAND, Ore., July 19 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC - News) announced today the selection of an additional Beta site to be located in...

Portland, Oregon, July 17, 2006— Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today on its new web site the series of steps leading up to the...

Portland, Oregon, July 11, 2006-Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that on June 27, 2006, Axial Vector' Engine Corporation signed an agreement with...

PORTLAND, Ore., July 6 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC - News) announced today that on May 16, 2006, Axial Vector™ Engine Corporation...

Item 1.01 Entry Into a Materially Definitive Agreement

On May 16, 2006, the Company entered into a Confidential Settlement Agreement and Mutual Release (the "Settlement Agreement") with...

Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

On June 19, 2006, the Company's Board of Directors, after...

PORTLAND, Ore., June 13 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC - News) posted today an updated letter on its website...

PORTLAND, Ore., May 24 — Axial Vector™Engine Corporation (OTC Bulletin Board: AXVC) has posted on its website anew PowerPoint presentation detailing the Program Status of its new 200 kW Axial...

PORTLAND, Ore., May 22 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC - News) is happy to announce that our major GENSET (352 HP engine and 200 kW generator) component designs...

Dubai, UAE, April 3, 2006 — Wiser Oil, a subsidiary of Wiser Group, and Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) today announced the signing of a joint venture agreement...

Dubai, UAE, March 27, 2006 — Wiser Financial Services LLC announced today the signing of an agreement with Axial Vector Engine Corporation (OTC Bulletin Board: AXVC)

Under the terms of...

Dear Axial Vector Shareholders and Friends,

Axial Vector Engine Corporation (AVEC) is aware of a number of questions on the minds of our investors and supporters subsequent to recent ...

Dr. Walter to Assist with Beta Site Testing PORTLAND, Ore., March 2 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today the hiring of Dr. John F. Walter as a...

February 27, 2006 AXVC is developing and commercializing an exciting and potentially revolutionary internal combustion engine that converts combustion energy into rotational energy without the use...

PORTLAND, Ore., Jan. 30 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC - News), a company developing exciting and potentially revolutionary internal combustion engine...

PORTLAND, Ore., Jan. 19 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion engine technologies, in...

PORTLAND, Ore., Jan. 11 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion engine technologies,...

PORTLAND, OR, January 4, 2006 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion engine...

PORTLAND, Ore., Dec. 21 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion...

PORTLAND, Ore., Dec. 1 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today it has completed the initial engineering and design phase of the...

PORTLAND, Ore., Nov. 1 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion...

PORTLAND, Ore., Oct. 4 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion...

PORTLAND, Ore., Sept. 28 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion...

PORTLAND, Ore., Sept. 26 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion...

PORTLAND, Ore., Sept. 22 — Axial Vector™ Engine Corporation (OTC BB:AXVC), a company developing exciting and potentially revolutionary internal combustion engine technologies, announced today...

NEW YORK, NY--(MARKET WIRE) — Sep 19, 2005 — Andrew Coffey, host of StreetIQ.com, announced the latest podcast interviews for the Executive Lounge featuring the executive officers of companies...

PORTLAND, Ore., Sept. 12 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today the signing of a preliminary license agreement with Kirloskar Oil Engines Ltd, a 107 year...

The Aurelius Multimedia Network, a division of the Aurelius Consulting Group, announced today that Dr. Raymond Brouzes, the president and CEO of Axial Vector Engine Corporation (OTC BB: AXVC), was...

PORTLAND, Ore., Sept. 6 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing revolutionary internal combustion engine technologies,...

PORTLAND, Ore., Aug. 22 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today that it has filed a patent application with the U.S. Patent and Trademark Office...

PORTLAND, Ore., Aug. 17 /PRNewswire-FirstCall/ — Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) announced today that it would be featured in a nationally syndicated talk- radio...

PORTLAND, Ore., Aug. 10 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing internal combustion engine technologies, announced today its participation as a...

PORTLAND, Ore., Aug. 4 — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC - News) announced today it has filed a patent application with the U.S. Patent and Trademark Office...