mainbody
U.S.
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
Commission
File Number: 000-49698
Notification
of Late Filing
(Check
One):
[
] Form 10-K [ ] Form 20-F [ ] Form 11-K [ X ] Form
10-QSB [ ] Form N-SAR
For
Period Ended: March 31, 2007
[
]
Transition Report on Form 10-K
[
]
Transition Report on Form 20-F
[
]
Transition Report on Form 11-K
[
]
Transition Report on Form 10-Q
[
]
Transition Report on Form N-SAR
For
the
Transition Period Ended:
Nothing
in this form shall be construed to imply that the Commission has verified any
information contained herein.
If
the
notification relates to a portion of the filing checked above, identify the
Item(s) to which the notification relates:
Part
I - Registrant Information
AXIAL
VECTOR ENGINE CORPORATION
Full
Name
of Registrant
Former
Name if Applicable
121
S.W. Salmon Street, Suite 1100
Address
of Principal Executive Office (Street and Number)
Portland,
OR 97204
City,
State and Zip Code
Part
II - Rules 12b-25(b) and (c)
If
the
subject report could not be filed without unreasonable effort or expense and
the
registrant seeks relief pursuant to Rule 12b-(b), the following should be
completed. (Check box, if appropriate)
[X]
(a) The
reasons described in reasonable detail in Part III of this form could not be
eliminated without unreasonable effort or expense;
[X]
(b) The
subject annual report, semi-annual report, transition report on Form 10-K,
Form
20-F, 11-K or Form N- SAR, or portion thereof will be filed on or before the
fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion thereof will
be
filed on or before the fifth calendar day following the prescribed due date;
and
[
]
(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has
been attached if applicable.
Part
III - Narrative
State
below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q, N-SAR,
or the transition report or portion thereof could not be file within the
prescribed period.
Management
was unable to obtain necessary business information in time for filing. Such
information is required in order to prepare a complete filing. The Company
expects to file within the extension period.
Part
IV - Other Information
(1)
Name
and telephone number of person to contract in regard to this
notification.
|
Dr.
Raymond Brouzes
|
(503)
|
471-1348
|
|
(Name)
|
(Area
Code)
|
(Telephone
Number)
|
(2)
Have
all other periodic reports required under section 13 or 15(d) of the Securities
Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during
the preceding 12 months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is no, identify
report(s).
[X]
Yes [
] No
(3)
Is it
anticipated that any significant change in results of operations from the
corresponding period for the last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion thereof? [X ] Yes
[ ] No
If
so:
attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
At
12/31/06 the Company had cash of $27,189 and accounts payable of $885,436.
At
March 31, 2007, the Company has no cash or cash equivalents and accounts payable
of less than $1,000,000. The Company is actively seeking additional capital
with
the sale of common stock pursuant to proposed stock subscription agreements.
We
are a development stage company. As described in our prior quarterly reports,
there is no guarantee that we will be able to generate enough capital to support
current operations. This raises substantial doubt about our ability to continue
as a going concern.
AXIAL
VECTOR ENGINE CORPORATION
(Name
of
Registrant as specified in charter)
has
caused this notification to be signed on its behalf by the undersigned thereunto
duly authorized.
Date:
April 3,
2007
By:
/s/ Dr. Raymond
Brouzes
Dr.
Raymond Brouzes
Its:
Chief Executive Officer