DUBAI, UNITED ARAB EMIRATES -- (MARKET WIRE) -- 01/25/10 -- Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) announced today the appointment of Mr. Sanford Feld, Mr. Michael McShea, and Mr. Deane Preston to join as members of AVEC's Board of Advisors.
Mr. Sanford Feld is the founder, major shareholder and Chairman of Flavor
and Food Ingredients, Inc. d/b/a Summit Hill Flavors, a private natural flavor and savory company. He is also a major shareholder in several successful small cap and publicly traded companies. His essential management skills and network of contacts will provide invaluable assistance to our company.
Mr. Michael McShea has a Ph.D. in Finance from Canbourne University in London, as well as additional degrees from the Wharton School of Business at the University of Pennsylvania and National Association of Securities
Dealers in Security License Sections 6, 26 and 63. He served in the United States Air Force as Comptroller/DCS Logistics and Materiel from 1970 to 1997. He was also a senior account manager at Watson Wyatt Worldwide (now Towers Watson), a global consulting firm publicly traded in the New
York Stock Exchange. He is currently working as the Principal at MBM Financial in Prescott, Arizona.
Mr. Deane Preston retired from a career in the electrical industry with senior level experience in construction, installation, maintenance of overhead, underground, substation, distribution, transmission lines and wind turbines. During his career, he also served as lead contract negotiator representing union employees to large utilities such as Portland
General Electric and Pacific Power And Light.
Mr. Sanjai Chhaunker, President & CEO of AVEC, stated, "We are honored to have three more additional distinguished gentlemen on board. Their professional background and extensive management skills are assets to the company. Now, we will be receiving much needed help in finance, compliance, market penetration and new product applications."
The company has set up a new email for AVEC's Board of Advisors and they can be contacted at boardofadvisors@axialvectorenergy.com to send in comments and/or suggestions.
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.
About PETRO-AVEC LLC
PETRO-AVEC LLC is a joint venture between AVEC and Petrosonics LLC to develop, finance and market Petrosonics sulfur removal technology globally. The joint venture is owned 60% by Petrosonics LLC and 40% by AVEC.
Forward-Looking Statements
From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
To be added to the Company's email distribution for future news releases, please send your request to inquiry@axialvectorenergy.com
CONTACT:
Axial Vector Energy Corporation
inquiry@axialvectorenergy.com
Samuel Higgins
Phone: 971 4 887 5351
www.axialvectorenergy.com
www.PetroAvec.com
Jebel Ali Free Zone
LOB21-F07
Dubai, United Arab Emirates
