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

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, best known as a maker of energy conversion systems that are among the most efficient in the world, recently provided some valuable insight into its short and long term marketing and financial plans, suggesting an expected diversity of future income. The information came directly from Sanjai Chhaunker, Axial President and CEO.

On July 14th, the company will demonstrate the Axial Vector (AVEC) multi-fuel engine and 100KW “coreless” generator/electric motor to representatives of their new Malaysian licensee as well as the Malaysian government. The event is to demonstrate the generation of power from palm oil shipped from Malaysia to Virginia Beach, the site of the demonstration. At the same time, the company is working to complete two additional licenses and hopes to announce the addition of those significant revenue streams at the demonstration.

In support of its growing international

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. extended an open invitation to all AVEC shareholders, engine manufacturers, environmental groups, and state and local officials to their Open House Technology Presentation on July 14, 2009.

AVEC’s open house, designed to demonstrate the potential for enormous energy savings, will showcase new breakthrough technology, including the world’s first engine capable of running on both “Palm Oil” and electric motors that are capable of 98% efficiency. Both engines will be demonstrated at the event. The event also aims to augment the initiatives of the Obama Administration in its endeavors toward saving energy, and “A Smarter and Greener Planet”.

The Open House Technology Presentation will run from 10 AM to 6 PM, and will take place at EngineTec, Inc., 1397 Taylor Farm Road Virginia Beach, VA 23453. A lunch menu and light refreshments will also be provided. Attendees can RSVP with

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 Corporation announced tonight that it has successfully completed its technology transfer under development contracts with Adaptive Propulsion Systems LLC (APS), a subsidiary of Tactronics Holdings. The company also announced that it has acquired 100% ownership of Adaptive Propulsion Systems LLC (APS) as part of its initiative to invest in energy efficient and environmentally friendly technology.

According to the press release, APS was acquired without liabilities, and it will be at the discretion of Tactronics to retain salaried employees or leased real estate property. Substantial assets acquired include: the proprietary developmental models, computer aided design (CAD) Finite Element Analysis (FEA) and Computational Fluid Dynamics (CFD) software applications for further development of AVEC engines and generators. It was noted in the news release that physical demonstrations of prototype engines and generators met or exceeded all goals at meetings last month in Virginia

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