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Axial Vector Engine Corporation Announces Receipt of $500,000 Advance Royalty Payment.

Publication: PR Newswire
Publication Date: 06-NOV-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
- Board to Review Merits of Various Offers to Accelerate Development of the Company -

PORTLAND, Ore., Nov. 6 /PRNewswire-FirstCall/ -- Axial Vector Engine Corporation (Pink Sheets: AXVC; Frankfurt Symbol: BAE1) today announced receipt of its first ever revenue payment of $500,000 USD. This reflects the first advance royalty payment from EASTCOM LTD of the United Kingdom under its agreement to produce two hundred AVEC Gas Cam engines....

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