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Axial Vector™ Engine Corporation Post Pictures of "Workhorse 7.2" on Web Site

Aug 1, 2006

PORTLAND, Ore, Aug. 1 /PRNewswire-FirstCall/ - Axial Vector™ Engine Corporation (OTC Bulletin Board: AXVC) announced today it has posted pictures of its "Workhorse 7.2" engine on its website.

The pictures also include AVEC management, members of the engineering team and Robin and Carol Fagan, owners of Dynamic Engines Limited. Dynamic is AVEC's Exclusive Distributor for New Zealand.

The pictures are taken during final assembly in preparation of the engine test firing on a dynamometer at a third party independent testing firm. Video clips of the engine in the dynamometer test cell will be posted on the AVEC website once reviewed by both the Company's management and its patent council.

Dr. Raymond Brouzes, President and CEO of Axial Vector™ Engine Corporation stated, "We are pleased to post few pictures of our engine and some of the many excellent partners and engineers who have made this possible".

About Axial Vector™ Engine Corporation
Axial Vector™ Engine Corporation is a publicly traded company that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine and generator technologies. We are applying these technologies 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 internal combustion engine as we know it today may never comply with mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines. We see the Axial Vector™ as the engine design that will comfortably meet these challenges, and more.

Key entry markets for the Axial Vector™ Engine include a number of specific military and industrial applications. Additionally, we are developing a family of Axial Flux electric power generators that shall operate in a fully integrated fashion with our unique Axial Vector™ Engine technology. The resulting GENSET will consume less fuel per unit of electrical power output (kWh) and are considerably smaller than any known internal combustion engine generators.

Forward-Looking Statements
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, completion, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.

For Further Information Please Contact:

DR. RAYMOND BROUZES, PRESIDENT & CEO
One World Trade Center
121 SW Salmon Street, Ste 1100
Portland, OR 97204
503-471-1348
RAYMOND.BROUZES@AXIALVECTORENGINE.COM

REDWOOD CONSULTANTS, LLC
+1 415 884-0348
INVESTORINFO@REDWOODCONSULTANTS.COM

 

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