Axial Vector Energy Corp. announced today that it has opened its Sales and Production Facility in Virginia Beach, Virginia, USA. The facility will allow the consolidation of new product developments, license transfers, USA government grants and loans, as well as a sales and demonstration office.

The Virginia Beach based engineers were successful in completing Axial’s multi-fuel workhorse engine and the company is confident they will produce similar results productionizing other engine programs. According to the press release, AVEC possesses large order books on all of these products which can generate tens of millions in revenue for the company starting in the fourth quarter of 2009.

The company chose Virginia over three other States for multiple reasons including competitive operating cost, quality work force, excellent education systems and a variety of State-sponsored business incentives. Some of these incentives include the Governor’s Opportunity Fund, the

Axial Vector Energy Corp. (”AVEC”) announced this morning that the news segment for the upcoming Fox Business TV show has been completed and is now available to investors on the AVEC YouTube business page. To view the video, click the following link http://www.youtube.com/watch?v=HCqDmmMzWvI

Spanning over approximately nine minutes, the video provides a complete overview of the company and its immediate future plans to commercialize its breakthrough engines and generators. In July, Host and Managing Editor of “Special Edition TV,” Ileana Bravo, interviewed AVEC representatives at their first United States-based live demonstration of the “axial flux” and GENSET technology power generating system. Footage from these interviews, demonstrations, and other sources was used to help deliver this story of advanced green technology.

Sanjai Chhaunker, President and CEO of AVEC, stated, “We have been informed that when the story airs on Sunday, September 27, 11

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