"Marine Gas Cam" Boat Engine To Be Demonstrated in Dubai August 16, 2007
July 25, 2007
Portland, Oregon, July 25, 2007 — (OTC Bulletin Board: AXVC) announced today that on August 15, 2007 a demonstration and technical presentation of it's "Marine GAS CAM" engine will be made to prospective licensees who have signed confidentiality and non disclosure agreements. The event has been organized, sponsored and underwritten by Emirates International Capital Advisory, as part of their strategy of introducing this revolutionary technology to the GCC market. EICA recently acquired 8.1 % of Axial Vector and negotiations continue about a possible further increase in this figure.
After carrying out a preliminary survey of the marine market in the area, EICA has decided that the "Gas Cam" engine should be installed into a powerboat in order to 'show' interested parties what the capabilities of this engine are. "It is time for the first nail to be hammered, this project is ready to take off and we are proud to be at its forefront. Enough talking, now let's show this market what we have to offer" was the firm statement from EICA Managing Director, Arash Masom.
A series of technical briefing meetings have been held and the response of attendees has preempted EICA and Axial to invite pre qualified individuals to view the Marine Gas Cam engine and to facilitate it's commercial production.
A media demonstration will occur the following day, August 16th, 2007. This demonstration will highlight the enormous benefits of the engine for Marine applications with its extremely high torque to horsepower ratio.
Media kits will be available for world media unable to attend the event.
About Axial Vector™ Engine Corporation
Axial Vector™ Engine Corporation is a publicly traded company (OTC Bulletin Board: AXVC) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine 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 electric power generators incorporating our unique Axial Vector™ technology. The generators will consume less fuel per unit of electrical power output 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:
Samuel Higgins
Axial Vector Engine Corporation
One World Trade Center
121 SW Salmon Street, Suite 1100
Portland, OR 97204 USA
503 471-1348
Email: Samuel.Higgins@AxialVectorEngine.com
URL: www.axialvectorengine.com
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