AVEC Corporation Announces New Directors

Nov 14, 2011, 11:20 ET from AVEC Corporation

DUBAI, United Arab Emirates, Nov. 14, 2011 /PRNewswire/ -- AVEC Corporation ("AVEC") (Pinksheets: AVEC.pk) (Frankfurt: BAE2.f) announced today the appointment of two new Directors to its Board.

Leticia Agundez and Jenifer Garcia have the joined the Board to fill the positions created by the resignations of Miguel Gonzalez and Benjamin Langford as part an LOI signed with MENA -Latin America Partners S.A.

Ms. Agundez will serve on the Audit Committee as well as the Conduct Review and Ethics Committee.

Ms. Garcia will serve on the Compensation Committee.

A signing ceremony of an agreement for investment will be held Thursday November 17th, 2011.

Samuel Higgins, AVEC Chairman stated, " We would like to thank both Mr. Langford and Mr. Gonzalez for their service to the company and welcome Ms. Agundez and Ms. Garcia to the Board during its new growth stage."

About AVEC Corporation AVEC Corporation (AVEC) is a global solutions provider that owns, develops, and invests in and licenses revolutionary market ready and profitable technologies, which are shown as vital for military, industrial and commercial uses in a wide variety of industries around the world.

Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward- looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

For further information, please contact:
Samuel Higgins, Chairman
AVEC Corporation info@aveccorporation.com

SOURCE AVEC Corporation