AVEC Corporation (fka AVEC)

[Dude ORama]

Announcing news of no news... another non-event?

Let's read this carefully: "...entered into an initial pact with UAE-based Axial Vector Energy Corp. to explore the possibility of jointly developing internal combustion engines."

So, they are announcing a non-binding letter in which they hope that there may be some possible opportunities to work together as some point in the future. This all relates to "technology" that they have previously announced as complete and ready for market, but has never materialized.

These guys are just repeating all of their obvious and lame tricks. Its not surprising, thought; if they were the east bit creative or competent, they would get real jobs.