Axial Vector Energy Corporation Announces Miguel A. Gonzales as Director of Comp
posted on Apr 02, 2009 10:27AM
Edit this title from the Fast Facts Section
Press Release Source: Axial Vector Energy Corporation
AVEC Announces Today the Appointment of Miguel A. Gonzales as the Director of the Company and Head of the Audit Committee
* Thursday April 2, 2009, 7:41 am EDT
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Axial Vector Energy Corporation ("AVEC") (Pink Sheets:AXVC - News) (FWB:BAE1) announces the appointment of Miguel A. Gonzales as the Director of the Company and Head of the Audit Committee.
An attorney specializing in Finance and International Business, Mr. Gonzales brings over 20 years of financial and legal processes to the board of AVEC. As Managing Director of the Latin American office, he provides valuable experience in International Licensing and Commerce.
Mr. Gonzales will coordinate the legal and accounting aspects of the business throughout the company in order to prepare and move the corporation to the desired listings on the American Stock Exchange. Mr. Ahmed Khalifa, Chairman of the Board stated, “We are honored to have Mr. Gonzales on board, as a previous director of bank and the legal advisor for an international pharmaceutical company, we are confident that Axial Vector will quickly move up to its desired listings. His experience with licensing at the international level will be valuable as AVEC embarks on its licensing negotiations worldwide.”
Mr. Gonzales will be coordinating on the legal and accounting aspects in our new Las Vegas, Nevada office which will be announced shortly.
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 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.
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.
To be added to the Company's email distribution for future news releases, please send your request to [email protected]
Axial Vector Energy Corporation
Redwood Consultants, LLC
Jens Dalsgaard (415)884-0348
Jebel Ali Free Zone
Dubai, United Arab Emirates