Axial Vector Energy Corporation announced today that Emirates International Capital Advisory (EICA) will be financing the recently announced Joint Venture between Petrosonics LLC and AVEC called PETRO AVEC. The $7 million dollars of debt financing provided by Emirates Capital will be secured against AVEC’s ownership interest in the JV. EICA will be entitled to full repayment of its contribution from license fees received by the JV and will also have a five percent overriding royalty of per barrel income to the JV.

AVEC also announced in the press release that it is restructuring its credit agreement with EICA, which was suspended due to lack of delivery of its engines and generator technologies which are now being delivered and presented to customers.

Mr. Ahmed Khalifa, Chairman of AVEC, commented, “We are grateful to Emirates Capital for our new credit agreement and the financing of

Axial Vector Engine Corporation (OTC: AXVC.PK) owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. By developing these novel technologies, Axial Vector™ has the ability to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size.

The company has seen steady growth over the years, but not until now have they received substantial attention. Recently, The Green Baron Report issued a summary saying they believe Axial Vector will begin to move up literally any day now. During the entire years of 2005 and 2006 the company’s share prices were between $1 and $5 per share without any revenue generating orders and without the support of an institution with Dubai Royal Family ties. Since then, the company has