Axial Vector Energy Corp. (AXVC.PK) Announces the Formation of New Subsidiary to Make Acquisitions
Today, Axial Vector Energy Corp. announced that it has formed a wholly-owned subsidiary, AVEC Strategic Acquisitions Corp. The new company will be led by Mr. Sanjai Chhaunker, who was recently appointed as the new President and CEO. He will be working alongside Mr. Behzad Khakouei, Director of Strategic planning at AVEC. Mr. Chhaunker, stated, "Our strategic plan calls for acquiring businesses that complement our core technology and allow our revenue stream to grow more rapidly. With the proper structure and financing now in place, we will proceed to finalize our discussions on companies that we have researched and identified as…