Axial Vector™ Engine Corporation Engages Corporate Financial Advisory Firm
Company Announces Relationship With Goodrich Capital in Order to Further Develop and Execute Its Strategic Business Plan and Also Position Itself for Future Growth
Nov 1, 2005
PORTLAND, Ore., Nov. 1 /PRNewswire-FirstCall/ — Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC), a company developing exciting and potentially revolutionary internal combustion engine technologies, announced today they have engaged Goodrich Capital, a NY City based corporate financial advisory firm that specializes in mergers and acquisitions, divestitures, capital raises and financial planning services for middle market public and private companies. The principals of Goodrich Capital have substantial experience, having advised and assisted many Fortune 1000 companies in the acquisitions of middle market businesses or in providing professional expertise to add value and complete transactions. The firm is particularly recognized for assisting high growth potential companies in the development of business strategies and operating plans that enhance capitalization opportunities.
'Goodrich Capital brings us valuable and solid expertise at this point in our growth. We welcome their contribution to our development as we enter an expansionary phase,' said Dr. Raymond Brouzes, President of Axial Vector™ Engine Corporation.
About Axial Vector™ Engine Corporation
Axial Vector Engine Corporation is a publicly traded company that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine and generator technologies.
We believe the fundamental economic conditions that ruled since the development of the internal combustion engine over 100 years ago no longer exist. In today's world of high fuel and oil costs, energy efficiency, weight, and space are key considerations.
We are developing and commercializing an exciting and potentially revolutionary internal combustion engine. Our engines are lighter, smaller and have fewer parts than a traditional engine. They are able to run on multiple fuels while making more power at lower RPMs than traditional ones. These innovative machines will be suitable replacements for existing engines in a number of industrial categories.
Key markets for the Axial Vector™ Engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators (GENSETS) incorporating our unique Axial E-Flux technology. The GENSETS have a high power density, will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators and the control is totally and dynamically integrated with the AV Engine.
About Goodrich Capital
Goodrich Capital is a NY City based corporate financial advisory organization that specializes in growth capital funding, mergers and acquisitions, joint ventures raises and financial planning services for middle market public and private companies or divisions of large companies. The Managing Directors of Goodrich Capital average more then twenty five years experience in line operating positions, corporate finance and mergers and acquisition transactions. More information can be found regarding Goodrich Capital at their website; http://www.goodcap.com/.
Forward-Looking Statements
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, competition, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
Contact: Dr. Raymond Brouzes, President of Axial Vector Engine Corporation, +1-503-471-1348, or info@axialvectorengine.com
SOURCE Axial Vector Engine Corporation
Source: PR Newswire (November 1, 2005 - 9:03 AM EST)
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