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Technology Stocks : AXVC - Axial Vector Engine Corporation

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From: QualityStocks	1/29/2009 12:28:19 PM
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Axial Vector Energy Corp.’s (AXVC.PK) New Subsidiary is Focused on Making Acquisitions Several months ago, 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, President and CEO of Axial Vector. He will be working alongside Mr. Behzad Khakouei, Director of Strategic planning. 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. Continue to watch Axial Vector as its acquisition subsidiary seeks businesses that synergize with the company. Please see disclaimer on our profile

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