AXIAL VECTOR ENERGY CORPORATION ANNOUNCES COMPLETION OF AUDITED FINANCIALS. DUBAI, United Arab Emirates (Marketwire) – April 12, 2010, - Axial Vector Energy Corporation ("AVEC") (Pink Sheets: AXVC) (Frankfurt: BAE1) is pleased to announce completion of audited financials through December 31, 2009, which are consistent with disclosures published previously. The full text, along with related management discussion, will be available shortly through the OTC Disclosure and News Service via www.otcmarkets.com, which provides similar service for some 9,000 OTCQX, OTCBB and Pink Sheets securities. Future news releases and financial disclosures, such as quarterly Balance Sheets and Income Statements, Annual Reports, and Proxy Statements, will be posted there, with a link provided from www.axialvectorenergy.com as well. Stated AVEC Chairman Sam Higgins, "Publishing up to date, audited financials, returning to full SEC reporting and compliance, and initiating analyst coverage are important first steps in our plan to move to a higher exchange, an index and higher levels of capitalization. We are currently discussing future plans and capitalization requirements with a number of European and GCC investors and bankers. We'll share results as events occur. " About Axial Vector Energy Corporation Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops and licenses revolutionary internal combustion engine and electric power generator technologies that have unlimited potential in military, industrial and commercial applications. AVEC and its partners are positioned to become unrivalled leaders in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive and versatile solutions for use in a wide variety of important applications around the world. The company also owns 40% of Petro Avec. For Further Information Please Contact: Axial Vector Energy Corporation
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