AVEC to Update Products and Future Sales at RedChip Conference, February 12, 2007

PORTLAND, Ore., Jan. 23, 2007 -- Axial Vector(TM) Engine Corporation (BULLETIN BOARD: AXVC) announced today that on February 12, 2007, Axial Vector Engine Corporation (AVEC) will participate in the RedChip Small Cap Investor Conference at the Mission Palms Hotel in Tempe Arizona.

The conference will be web cast to allow the worldwide investment community and investors not in attendance to be updated on AVEC's new developments and progress toward commercialization of its family of engines, generators, GENSETS and small electric motors for refrigerators and air conditioning systems.

In keeping with the revolutionary potential of its engine and generator technologies, AVEC has created a Global marketing campaign "Watch the Future Unfold". This Global Licensing and media campaign will highlight the importance of AVEC technologies in the electrification of developing countries, reducing our electricity and fuel consumption and improving the quality of our environment with greatly reduced emissions.

  For more information, please contact info@axialvectorengine.com .

  About Axial Vector(TM) Engine Corporation

Axial Vector(TM) Engine Corporation is a publicly traded company (BULLETIN BOARD: AXVC) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. We are 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. The internal combustion engine as we know it today may never comply with mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines. We see the Axial Vector(TM) as the engine design that will comfortably meet these challenges, and more.

Key entry markets for the Axial Vector(TM) engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators incorporating our unique Axial Vector(TM) technology. The generators will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators.

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.

  For Further Information Please Contact:

  DR. RAYMOND BROUZES, PRESIDENT & CEO
  One World Trade Center
  121 SW Salmon Street, Ste 1100
  Portland, OR 97204
  503-471-1348
  www.AXIALVECTORENGINE.COM
  info@AXIALVECTORENGINE.COM

  REDWOOD CONSULTANTS, LLC
  +1 415 884-0348
  INVESTORINFO@REDWOODCONSULTANTS.COM

FCMN Contact: samjhiggins@hotmail.com