Axial Vector Energy Corp. (AXVC.PK) Initiates Stock BuyBack Program
Axial Vector Engine Corporation today announced that, effective immediately, the board of directors has authorized an investment to repurchase up to five million of its common stock shares as part of a new buyback program. Although the timing, stipulations and exact number of shares to be purchased has not been specified, it was announced that the buyback program will conclude on or before August 31st, 2008. The company also noted that it is not obligated to acquire a specified number of shares and the program may be suspended or even discontinued at any time. The timing and exact number of…