Ahmed Ibrahim Khalifa Appointed as Director of Axial Vector Engine Corporation

PORTLAND, Ore., July 12 /PRNewswire-FirstCall/ -- Axial Vector Engine Corporation (OTC: AXVC) (BULLETIN BOARD: AXVC) announced today it has it has appointed Mr. Ahmed Ibrahim Khalifa to its Board of Directors.

Mr. Khalifa was recommended for the position by Emirates International Capital Advisory (EICA) who recently purchased 8.1 % of the common stock of Axial Vector.

Mr. Khalifa, s appointment is part of EICA, s expansion into the advanced technology field undertaken since its acquisition of Axial Vector Stock.

Mr. Khalifa's specialty is in new product research as well as vendor contract negotiations.

His other principal activity will be to coordinate with the staff of Emirates International Capital Advisory to facilitate commercialization of the Axial Vector family of technologies.

His previous work experience is with IBM, Dubai Tecom and the Dubai Mercantile Exchange and he will serve as the principal system integrator of new vendors and licensees.

EICA Managing Director, Arash Masom stated "We have asked Mr. Khalifa to integrate himself into the Axial Vector organization in order to pave the way for further co-operation between our two organizations."

About Axial Vector(TM) Engine Corporation

Axial Vector(TM) Engine Corporation is a publicly traded company (OTC: AXVC) (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. The internal combustion engine as we know it today may never comply with mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines. We see the Axial Vector(TM) as the engine design that will comfortably meet these challenges, and more.

Key entry markets for the Axial Vector(TM) engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators incorporating our unique Axial Vector(TM) technology. The generators will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators.

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.

Contact: Samuel Higgins Axial Vector Engine Corporation One World Trade Center 121 SW Salmon Street, Suite 1100 Portland, OR 97204 USA 503 471-1348 Samuel.Higgins@AxialVectorEngine.com http://www.axialvectorengine.com/