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Technology Stocks : AXVC - Axial Vector Engine Corporation

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From: QualityStocks	9/11/2008 3:06:42 PM
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Axial Vector Energy Corp. (AXVC.PK) Announces the Formation of New Subsidiary to Make Acquisitions Today, Axial Vector Energy Corp. announced that it has formed a wholly owned subsidiary, AVEC Strategic Acquisitions Corp. The new company will be led by Mr. Sanjai Chhaunker, who was recently appointed as the new President and CEO. He will be working alongside Mr. Behzad Khakouei, Director Strategic planning of AVEC. Mr. Chhaunker, stated, “Our strategic plan calls for acquiring businesses that complement our core technology and allow our revenue stream to grow more rapidly. With the proper structure and financing now in place, we will proceed to finalize our discussions on companies that we have researched and identified as strategic to our plans.” “Now that we have our new CEO and the subsequent establishment of AVEC’s new subsidiary, we are now in a position to execute the deals that will propel AVEC to the forefront of clean, efficient energy suppliers,” commented Mr. Khakouei. Please see our profile for our disclaimer.

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