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AXIAL VECTOR ENERGY COMPANY ANNOUNCES FORMATION OF A JOINT VENTURE WITH PETROSONICS, LLC

Business Wire DUBAI, United Arab Emirates - March 8, 2008 Axial Vector Energy Corporation ("AVEC") (Pink Sheets: AXVC) (Frankfurt: BAE1) is pleased to announce the formation of a Joint Venture with Petrosonics, LLC of Reno, Nevada.

The Joint Venture will be named Petro-AVEC.

Under the terms of the Joint Venture, AVEC Acquisitions Corporation a wholly owned subsidiary and Petrosonics, LLC have agreed to form the Joint Venture in order to develop, finance and market Petrosonics sulfur removal technology globally.

Pursuant to the terms and conditions of the Joint Venture, AVEC Acquisitions has committed to providing an initial $6.8 million of capital contributions.

Initially, Petro-AVEC will concentrate its development, sales and marketing efforts in the worldwide refining industry. Petro-AVEC will continue development of their proprietary technology for treatment of sour crude.

Commenting on the Joint Venture; Petrosonics, LLC CEO Dr. Mark Cullen said "We are extremely pleased and honored to announce the formation of a joint venture with AVEC and the extended AVEC family. Our experiences working with AVEC and with their colleagues at Emirates International Capital Advisory (EICA, www.emiratescapital.net) convince us that the combined financial and strategic strengths of both AVEC and ECIA will enable and facilitate the commercialization of Petro-AVEC's products, services and technologies."

Commenting on the broad applications for Petro-AVEC's products, services and technologies, AVEC Chairman Mr. Ahmed Khalifa said, "Petro-AVEC products and services have broad application for removal of sulfur and nitrogen in multiple refinery applications. In-refinery testing has demonstrated that Petrosonics, LLC's proprietary technologies and processes are capable of achieving both present as well as near term U.S. sulfur limits in refined diesel. These results were accompanied by increased hydrotreater throughput and efficiency.

Testing results at one major state oil company owned refinery, utilizing the Petrosonics fractionation/desulphurization process, showed annual per stream cost savings of in excess of $54 million and a per barrel reduction from $4.00 to $1.00

We believe that EICA is uniquely situated to assist Petro-AVEC in introducing its products, services and technologies to the worldwide production and refining industries. Longer term, Petro-AVEC’s continued development of technologies, products and processes for treatment of sour crude represents significant additional market opportunities."

About Petrosonics, LLC

Petrosonics, LLC is a privately held, development stage, U.S. based oil refining and production technology company. Petrosonics' patented products and services utilize high power ultrasound energy in order to reduce sulfur, nitrogen, and trace metals in refinery intermediates and product streams. Intermediates and product streams receiving the Petrosonics treatment show reductions in oil density and viscosity, reduced hydrogen use/loss, and increases in API specific gravity and volume. The proprietary Petrosonics technology has additional application in treating and/or pretreating sour crude oils. Petrosonics was formed in 2001 by Mark Cullen, M.D. Dr. Cullen was previously the President and CEO of SulphCo (AMEX SUF). Today, Petrosonics has acquired and continues to expand its patent portfolio for all of the significant intellectual property associated with ultrasound assisted oxidative desulphurization of oil fractions and the upgrade and desulphurization of crude oil.

About Axial Vector Energy Corporation

Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops and licenses revolutionary technologies including, 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.

About Emirates International Capital Advisory

Emirates International Capital Advisory (EICA) is involved in investing, trading and research in worldwide global equity and debt markets. In addition to substantial real estate investments and holdings, EICA has recently devoted considerable time and effort to investments in nano cap and micro cap equities. EICA and its affiliates have investments in many companies around the world including recent investments in Axial Vector Energy Company, and PureSpectrum, Inc. In addition, EICA and its affiliates play an important role in the U.S. Windworks (a joint venture involving Axial Vector Energy Company and Constellation Capital Management, LLC) and Petro-AVEC (a joint venture between AVEC Acquisitions and Petrosonics, LLC).

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

Investor Contact: Redwood Consultants, LLC – 415-884-0348

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