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Dubai Investor Agrees to “Standstill” Agreement with Axial Vector Engine Corporation.
March 10th, 2008

DUBAI, United Arab Emirates, Mar 10 (PRNewswire-FirstCall) – Axial Vector Engine Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) announced today the signing of a stock standstill agreement with Emirates International Capital Advisory. EICA has agreed not to purchase or option any further equity in the company until the company has traded in excess of $4.00 per share for ten consecutive trading days.


FORTY FIVE MILLION DOLLARS COMMITTED IN PROJECT FINANCE FOR GENSET DEVELOPMENT
February 28th, 2008

Dubai, United Arab Emirates – February 28, 2008, Axial Vector Engine Corporation (Symbol: AXVC.PK - Frankfurt Symbol: BAE1) today announced That its project finance agreement with a Dubai Consortium has now been set at an initial investment of forty five million USD for its new “ultra efficient multi-fuel GENSETS”. This long-term construction commitment is payable at LIBOR plus 6 %. Payments are interest only for one year after facility completion and may be prepaid against a 4% penalty after two years.


Axial Vector Announcement
January 2nd, 2008

DUBAI, United Arab Emirates, Jan. 2 — Axial Vector Engine Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) today announced today that the company's finished production units will be presented at the Water, Energy Technology and Environment Exhibition ("WETEX") 2008 in Dubai, March 11-13, 2008.



 
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