The Green Baron Report

Thursday, April 29, 2010 – Morning Report

New “Stock Alert” Coming After Close Today!!! – Again, we have upgraded one of our previous “Trading Alerts” to a Green Baron “Stock Alert” due to several important factors that cause us to believe even more that it will run big over the near term. Our most recent “Stock Alert” Aspire International is up as much as 53% in less than a month and should go much higher. We expect this one to act even better over a shorter period of time. Be ready to accumulate this one over the next several business days!

“Stock Pick” Update

Axial Vector Energy (AXVC)

News Announced Yesterday!

Axial Vector Energy Corporation Announces Successful $1.2 Million Direct Offering of Equity Units

The Green Baron Report has tracked the progress of Axial Vector Energy for nearly two years now. We have predicted several major moves up in the stock, the best of which was in March of 2009 when AXVC rallied from .05 per share to .54 per share. Since then, AXVC has struggled to make a sustainable rally,

Yesterday, it was announced that large investors were willing to pour more money into the Company at no premium to the current price. Although these investors will get a warrant, the strike price is at 500% premium. This money will dilute existing shareholders further, but all things considered it is a good deal for the Company right now.

It is absolutely imperative that Axial Vector spend this money wisely, and judging by the use of proceeds in the press release, it will be. This is probably the last time Axial Vector will be able to raise money without demonstrating tremendous progress or revenue production. If the Company can meet all its goals laid out in this PR effectively, we could see AXVC shares gain in strength. We will keep you updated of anything that makes us feel the stock should fly once again. For now, AXVC needs to break .125 on the upside to change the trend.

Apr 28, 2010 6:40:00 AM

DUBAI, UNITED ARAB EMIRATES -- (MARKET WIRE) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT: BAE1) announced today that it executed $1.2 million of Subscription Agreements with European, North American and Arabian Gulf investors for the sale of approximately 12 million restricted equity units at $.10 per unit. Each equity unit is composed of one share of restricted AVEC common stock and one warrant. The warrants allow investors to purchase one share of restricted AVEC stock at a price of $.50 per share for a period of 24 months. The $.50 warrant is callable under certain conditions. Net proceeds will be approximately $1.2 million. The majority of the transaction has been closed and is anticipated to be fully closed on May 5, 2010, subject to customary closing conditions. A call on the warrants will provide the company with an additional $6.0 million.

Stated AVEC Chairman Sam Higgins, "This $1.2 million allows us to pay off our liabilities and invest immediately to achieve full SEC reporting, appoint directors, fund communication with the investment community and pay for a move to a more senior exchange. The balance of approximately $800,000 will be used to finance the 'go to market cost' of licensing our 'Green and Clean' family of multi fuel engines, generators, electric motors and 'GENSETS.' All of which are the most environmentally friendly and fuel efficient in their market category."

We anticipate a slight ramp up in our current $55,000 per month burn rate, offset by a substantial increase in revenue. In addition to providing necessary cash reserves, our newest institutional and individual investors bring a high a degree of business acumen and are actively working to help close on revenue for the Company. We hope to be able to announce the first resultant revenue May 10th after our second product demonstrations for prospective licensees and customers at our facility in Virginia Beach, Virginia.

AVEC CEO Sanjay Chhaunker added, "If our revenue projections hold true, this round of required equity financing should be our last as we anticipate the first cash flow positive, profitable year in the Company's history. The economic downturn, which began in August 2007, made it extremely difficult to capitalize development with undesired dilution but, armed with whole new product lines and several exciting joint ventures, we see far better days directly ahead. Our engine, generator and related control products appear to be favorably differentiated, with their smaller form factor, lighter weight, reduced acquisition, total cost of ownership and reduced dependence on fossil fuels. We also believe that they will prove to be more reliable, available, maintainable, useable, durable and transportable than competing products. We anticipate that this will translate into accelerating, year over year, intrinsic value, market share, revenue and profit gains on a per share basis."

About Axial Vector Energy Corporation
Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops, invest in 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.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward- looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

For further information, please contact:

Samuel Higgins, Chairman

Axial Vector Energy Corporation

Telephone: +9714 887 5351

Facsimile: +9714 881 7835