Axial Vector Engine Corporation Announces Trading to Commence on the Frankfurt Stock Exchange
-Frankfurt-based RG Securities to Act as Company's Specialist-
October 31, 2007
PORTLAND, Ore. — October 31, 2007 -- Axial Vector Engine Corporation (Pink Sheets: AXVC-NEWS; Frankfurt Symbol: BAE1) today announced trading in Frankfurt, Germany is expected to commence next week with the Symbol: BAE1.
The Frankfurt Stock Exchange is the third largest exchange in the world and the largest exchange in Germany and has one of the world's highest securities turnover and dealing rates. It leads the eight German stock exchanges and is responsible for more than 85 percent of the securities trading volume in Germany. The Frankfurt Exchange, owned by the Deutsche Boerse, provides full service trading capabilities, which include a trading floor as well as a 24-hour electronic trading exchange, XETRA.
Frankfurt-based RG Securities AG, a financial boutique with extensive experience that has established itself as a well-recognized Market Maker on the Frankfurt Stock Exchange (Frankfurter Wertpapierborse or "FWB") and XETRA, will serve as its specialist. RG Securities AG is a full member of the Frankfurt Stock Exchange and XETRA and a Listing Partner of Deutsche Boerse and is fully qualified and recognized by the Deutsche Boerse AG as the competent advisor in all issues related to the admission to trading on the Frankfurt Stock Exchange.
Samuel Higgins, CEO and Director of Axial stated, "The recent signing of a manufacturing licensing agreement with Eastcom Ltd., based in London, England, will result in Axial having a strong European and Middle-East presence. Furthermore, I am very pleased by the European business community's very favorable reception to Axial's growth plans that were expressed during our European and Middle-East strategic development meetings in Zurich, Switzerland and Frankfurt, Germany."
"Ahmed Khalifa, Director of Axial, added, "Our decision to apply for listing and trade on the Frankfurt Exchange demonstrates our commitment to facilitate global access to our securities and improve market liquidity. We are looking to expand business opportunities in Western Europe. We are extremely pleased to have RG Securities as our Listing agent. Listing on the Frankfurt exchange will help to further establish our presence in this very lucrative market."
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.
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:
Wolfe Axelrod Weinberger Assoc.
Rob Schatz (Investors)
rob@wolfeaxelrod.com
Alisa Steinberg (Media)
alisa@wolfeaxelrod.com
212-370-4500
Axial Vector Engine Corporation
Samuel Higgins, CEO
Samuel.Higgins@AxialVectorEngine.com
503-471-1348
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