Wednesday, April 9, 2008 Focus Pick Update Axial Vector Energy Corporation (OTCPK: AXVC, Frankfurt: BAE1) Important New PR Just Released! Axial Vector Energy Hires Director of Strategic Planning All members are strongly urged to read today’s press release by Axial Vector. The Green Baron Report believes this is exactly what the Company needed to do, and we anticipate that actions taken by the new Director of Strategic Planning will soon be reflected in the stock price of AXVC. Axial Vector needs to focus efforts to become a fully reporting company in the U.S. and introduce AXVC to analysts, fund managers and large investors. The hire of Mr. Behzad Khakouei is intended to help achieve these important goals. The existing loyal shareholder base of Axial Vector should reap the rewards as this is accomplished. We expect to be very happy with the performance of AXVC over the coming months. Enjoy the ride! DUBAI, United Arab Emirates, April 9, 2008 /PRNewswire-FirstCall/ -- Axial Vector Energy Corporation (Pink Sheets: AXVC) (Frankfurt: BAE1) announces today the hiring of Mr. Behzad Khakouei as Director of Strategic Planning. Mr. Khakouei will be the chief liaison with the international investment community and will assist with strategic implementation by the sales and marketing teams. Based in London and Dubai, Mr. Khakouei will also help coordinate legal, accounting, and compliance efforts to list Axial Vector stock on more reputable exchanges in both the United States and Germany. Mr. Khakouei led the due diligence team for Emirates International Capital Advisory and also is a large investor in AVEC commercialization efforts in his capacity as President of EAST Com LTD, a private British Investment Company. Chairman and CEO Mr. Ahmed Khalifa stated, “We are delighted to have Behzad Khakouei join us at Axial Vector Engine. His global perspective and successful experience make him the ideal person to lead our Strategic Planning Team.” Mr. Khakouei is planning to attend conferences and meetings worldwide to update and introduce Axial Vector to the investment community beginning in the last week of April. Specific details of any speaking engagements and more personnel to assist in the efforts will be forthcoming. "I am looking forward to the challenge of helping AVEC reach its full potential. Meeting the engineers with site visits in Detroit while leading the due diligence team for EICA in Dubai and seeing the commercial products leaves little doubt about the importance and success these efforts should bring", stated Mr. Khakouei. About Axial Vector Axial Vector(TM) Energy Corporation is a publicly traded company (OTC Pink Sheets: AXVC.PK) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine, generator and electric motor technologies. AVEC is 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. It also owns the worlds first "coreless" power generator and ultra efficient electric motors. 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. Axial Vector Engine Corporation One World Trade Center 121 SW Salmon Street, Suite 1100 Portland, Oregon USA (503) 471-1348 SOURCE Axial Vector Engine Corporation
Webcast Stock Update SpongeTech Delivery Systems (SPNG) Press Release Issued Pre-Market Open Today SpongeTech Delivery Systems, Inc. Is a Proud Sponsor of the New York Yankees SPNG is showing further signs of strength and activity based on recent announcements. Please review news issued before the market open today. SpongeTech(R) is a Season Sponsor and will have a Promotional Day at Yankee Stadium Monday, July 28, 2008 NEW YORK, April 9, 2008, /PRNewswire-FirstCall/ SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) announced today that it is a Season Sponsor of the Yankees and will have a Promotional Day at Yankee Stadium on Monday, July 28, 2008. According to SpongeTech's(R) Chief Operating Officer, Steven Moskowitz, "We will distribute key chains to the first 18,000 fans under 14 or 21 and over in attendance. These key chains will commemorate the Yankee's final season at the old Stadium. Being huge New York sports fans, we felt this was a great way to mainstream our name and support the New York Yankees(TM). It is a positive way for many people to become familiar with SpongeTech(R) and encourage them to try our products to experience the value of our patented technology. The SpongeTech(R) name will appear on the scoreboard, as well as other very visible spots on the Major Deegan Highway and in the Stadium. Our sponsorship will be published in Yankees Magazine, as well as mentioned on radio and television." For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com . About SpongeTech Delivery Systems SpongeTech Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for the automotive aftermarket parts industry. These sponge-based products utilize SpongeTech's proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's primary product line has been designed specifically for automotive/vehicle applications, however, SpongeTech is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children. "Safe Harbor Statement" Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
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