Axial Vector Energy Corporation announced this morning that Mr. Samuel Higgins has been appointed to the position of Chairman of the Board of Directors, filling a vacancy resultant from the departure of Mr. Ahmed Khalifa. As previously stated in AVEC’s SEC Form 8K on June 23, 2009, Mr. Khalifa resigned when Global Operations purchased all of the shares held by Mr. Khalifa’s firm, Emirates International Capital Advisory. However, the press release noted that Mr. Khalifa remains a private shareholder of AVEC.

Regarding the appointment, AVEC President and CEO Sanjai Chhaunker commented, “We are extraordinarily pleased to have persuaded Mr. Higgins to return from retirement. Sam is the firm’s founder, one of the largest shareholders and former CEO. No one else knows AVEC, its history, governance, the product line, the client market and the path forward as well as Mr. Higgins.”

Mr. Higgins stated,

Earlier this month, Axial Energy Corp.’s President and CEO issued the following update to shareholders:

Dear Shareholders,

On Wednesday, June 24th, our new financial advisors Global Operations, LLC purchased the remaining AVEC shares owned by Emirates International Capital Advisory (EICA). They have made this investment for investment purposes only and we are pleased by this positive development even while they are in the early stages of our long term strategic plan. We anticipate announcing key elements of the company’s licensing and profitability structure during our presentation July 14th in Virginia Beach, Virginia.

We have been informed by EICA that their sale to Global Operations, LLC is in no way a reflection of any ill feeling or lack of faith in our technology results.

Dubai, like all areas of the world, is working through an extremely difficult period and EICA has been mandated to redirect its all energies to its core capital areas. We

Axial Vector Energy Corp. is a global solutions provider that owns, develops, licenses and invests in revolutionary engine and energy technologies. These technologies are expected to have widespread uses in various military, industrial and commercial applications.

One of Axial Vector’s joint ventures – PETRO AVEC LLC – has been invited and will present its technology at the Global Refining Strategies Conference in Houston, Texas on October 29-30, 2009. PETRO AVEC LLC is a joint venture between Axial Vector Energy (40%) and Petrosonics LLC (60%) to develop, finance and market Petrosonics’ sulfur removal technology globally.

The Global Refining Strategies Summit in Houston brings together the most knowledgeable and influential leaders in the refining industry from across the globe. It is the world’s showcase to explore strategies and benchmark the latest technologies to overcome the economic and environmental issues facing the world’s refiners.

Petro-AVEC CEO Dr.

Axial Vector Energy Corporation recently announced the sale of its first license to produce its multi fuel “work horse engines” in Malaysia. Premier Group, with headquarters in Kuala Lumpur, Malaysia signed the exclusive license agreement covering Malaysia, Indonesia and parts of Southeast Asia. The company agreed to produce a minimum of 5,000 workhorse engines to be configured for palm oil use only. The agreement calls for a non-refundable fee of $500,000 dollars as well as a durability pilot site for 5,000 hours. On completion of the durability testing, Premier will provide contract production in SE Asia for the engines, or may choose to open its own production facility.

Payment of $1,000,000 will be received both at the start up of the production facility and when the first engine is completed. The company will receive further milestone payments of $500,000 at completion of

Axial Vector Energy Corp. is a global solutions provider delivering revolutionary technologies, including internal combustion engine and electric power generator technologies for military, industrial and commercial applications. The company recently announced the successful completion of its technology transfer in accordance with its acquisition of Adaptive Propulsion Systems LLC (APS), a subsidiary of Tactronics Holdings.

The acquisition correlates with AVEC’s mission to become a leader in the international engine and energy markets, and, according to AVEC Chairman Ahmed Khalifa, signals the company’s intent to move forward with the licensing and production of its energy efficient products.

“Today marks a significant milestone in the history of Axial Vector. Through today’s technology transfer and acquisition of Adaptive Propulsion Systems, we believe we now have all the necessary pieces to ensure the broad based licensing and production capability of our engines, generators, gensets, electric motors and

In May, Axial Vector Energy Corp. announced that its PETRO AVEC Joint Venture partner, Petrosonics LLC, recently received a Russian patent protecting the purification process that removes sulfur and nitrogen compounds from diesel oil, FCC cycle oil, FCC slurry oil, light/heavy gas oil and coker gas oil fractions. The patent will remain in effect for 20 years with the possibility of an additional five-year extension.

According to the U.S. Energy Information Administration, Russia has 41 oil refineries with a total crude oil processing capacity of 5.4 million bbl/d, and produces significant amounts of heavy fuel oil, middle distillates, and gasoline. Roughly 20.5% of Russia’s total diesel output is exported. However, their refineries need to modernize in order to meet Europe’s growing demand for low sulfur fuels.

Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Russia, stated, “Russian oil companies are prime licensing

Axial Vector Energy Corp. announced this morning it has sold its first license to manufacture its multi fuel “work horse engines” in Malaysia. Headquartered in Kuala Lumpur, Malaysia, Premier Group signed the exclusive license agreement, which covers Malaysia, Indonesia and parts of Southeast Asia.

Premier Group has agreed to produce a minimum of 5,000 workhorse engines to be configured for palm oil use only. The agreement requires a non-refundable fee of $500,000 dollars as well as a durability pilot site for 5,000 hours using palm oil, which is funded by Premier. The agreement also provides for further milestone payments of $500,000 at completion of technology transfer to the production facility and $1,000,000 at start up of the production facility and an additional $1,000,000 when the first engine is completed.

Axial Vector will receive $2,000 per engine royalty on a perpetual basis after the

Axial Vector Energy Corp. announced this morning that its Joint Venture Company, PETRO AVEC, will be presenting its oxidative desulphurization and heavy oil upgrade technology at the Global Refining Strategies Conference in Houston, Texas on October 29-30, 2009.

The Global Refining Strategies Summit 2009 attracts the most knowledgeable and influential refining leaders from across the globe. It is recognized as the world’s showcase to explore dynamic strategies and benchmark the latest technologies designed to overcome the economic and environmental issues facing the world’s refiners today.

Dr. Mark Cullen inventor and Managing Partner stated, “With our global patent footprint now essentially complete, we will be introducing our sulphur removal and oil upgrade technology and results to the world. Third party data of our accomplishments as well as mass commercial deployment will also be presented.”

AVEC Chairman Ahmed Khalifa added, “This invitation underlines the importance

Axial Vector Energy Corp. (AVEC) focuses on the international engine and global energy markets by providing technology solutions for military, industrial and commercial applications. The company earlier this month announced that Muse Stancil will execute an independent review for AVEC’s Oxidating Desulphurization and Heavy Crude Oil Upgrading technology, which the company acquired through its joint venture (PETRO AVEC) with Petrosonics LLC.

Muse Stancil is a global consulting firm, focused on the energy industry, offering solutions for a variety of issues. Per its agreement with AVEC, Muse Stancil will evaluate the technology to determine the most effective commercialization strategy, as well as coordinate a plan to maximize the commercial development and deployment of the technology.

“Muse Stancil is the number one source of validated information to the refinery industry and we look forward to their global assistance in rapid deployment of PETRO AVEC technology,”

Axial Vector Energy Corp. today announced that its PETRO AVEC Joint Venture partner, Petrosonics LLC, was awarded two Hong Kong Patents, resultant from the award of European Union patents 1 635 924 B1 and 1 668 095/04 781 388.6. The two patents protect the method by which sulfur and nitrogen bearing compounds are removed from diesel oil through the use of sonic energy and an oxidizing agent. They also protect a related process for the removal of the resultant oxidized sulfur and nitrogen contaminants.

Several oil and gas companies have based their operations in Hong Kong, including CNPC Hong Kong, China Resources Petroleum Company, Ltd., SS United Oil & Gas Company, the Hong Kong and China Gas Company and the Hong Kong Petrochemical Company. The Hong Kong Petrochemical Company plans to invest HK$40-60 billion in the construction of an oil refinery, oil tanks,