BioCentric Energy Investor & Shareholder Update
SAN JUAN CAPISTRANO, CA--(Marketwire - August 17, 2009) - BioCentric Energy Holdings, Inc.
(PINKSHEETS: BEHL) today announced the following shareholder information
updates:
BioCentric President Dennis Fisher today commented, "BioCentric has
achieved tremendous growth over the past few months, and is in the midst of
finalizing multiple licensing contracts along with the production of
alternative fuels and animal nutritional food supplements at the San Juan
Capistrano, facility. In an effort to keep both Investors and shareholders
abreast of the current status, I am issuing this brief update of the
current status of BioCentric's activity and operations."
CORPORATE FACILITY:
The company has signed an LOI and hired a MIA to fully valuate the San Juan
Capistrano facility, at a significant discount to the original purchase
price of the property. Upon completion of the purchase, the company will be
restructuring the facility to include administrative offices, on site
Laboratory for extensive testing, research and development of multiple
ALGAE strains for development of Alternative clean burning fuel products,
animal food supplements, and nutritional products supplements. The company
has purchased several types of processing and refinery equipment for the
production of alternative fuels and the equipment is expected to arrive at
the facility later this week.
LICENSING:
Company COO Dennis Shen is currently in Asia, in the process of finalizing
negotiations with a large Chinese company for the exclusive Chinese
licensing rights of the company's closed loop Photobioreactor system.
Whilst in China Dennis Shen secured the manufacturing contract for the
company's patent pending 180 degree curve component of the closed loop
system. Dennis Shen will be returning to the USA at the end of the month.
Earlier this month a senior Korean official visited the company's facility
in California with a view to licensing the closed loop system for exclusive
use in Korea. The negotiations are currently under way for the exclusive
Korean license.
The company has an LOI in place from a large Las Vegas company, for the
license and manufacturing of a multiple acre system in the Las Vegas area
for the production of Bio-Diesel for the company's fleet of commercial
vehicles and heavy plant equipment.
Several LOIs for closed loop system territory licenses are on file and in
the process of being finalized which will result in revenues, construction
profits and residual income for the company during the 3rd Quarter.
BioCentric expects to have a signed agreement later this week with a large
Publicly Traded southern California development company for the design,
construction and funding of BioCentric's licensed closed loop systems
worldwide.
PRODUCTION UPDATES:
The company earlier this week started harvesting the ALGAE from the 1800
square feet onsite system which significantly exceeded production and
quality expectations, and with the arrival of the processing equipment
Bio-Diesel fuel production will begin later this week along with the
production of animal nutritional products ready for distribution. Samples
of the animal food supplements have been submitted to a professional
laboratory for analysis and reports which will enable the company to supply
the final products to retail animal supply stores across the USA.
The growth pattern was enhanced by a nutritional injection into the ALGAE
last week which has improved both production times and quality and now
requiring the system to be in a constant harvesting mode.
The company is also avidly pursuing raw land for the creation of ALGAE
farms in the San Juan Capistrano region to further expand the ALGAE
production outputs for both alternative fuels and nutritional supplements.
BROADCAST:
Dennis Fisher conducted an interview on Public Radio earlier this week on
the uses and applications of ALGAE using the closed loop system, this
broadcast can be heard on the following link:
http://diegoradio.com/wp-content/uploads/08-11-09.mp3
INVESTOR INTERESTS:
The company has been reported on the NASDAQ short list report for six
straight days now, which confirms the significant short position in the
company's tradable stock. Legal Council has been retained for investigation
and recourse to pursue the parties involved and ensure the regulatory
authorities pursue the parties involved.
The company is still moving forward with its plans to advance the company
to the Bulletin Board emerging as a fully reporting entity in the very near
future.
Relevant Links & Articles
About BioCentric Energy Holdings
Biocentric Energy Holdings, Inc. is dedicated to the development of new
technologies as well as acquiring and fostering companies with innovative
technologies designed to provide unique and effective green energy
solutions for the 21st century. Along with the cultivation of important
relationships and partnerships with synergistic entities, BioCentric Energy
has devoted substantial time and effort in research and development in
order to bring a range of innovative green alternatives to the marketplace.
Safe Harbor Statement: This release includes forward-looking statements
intended to qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements generally can be identified by phrases such as BEHL or its
management "believes," "expects," "anticipates," "foresees," "forecasts,"
"estimates" or other words or phrases of similar import. Similarly,
statements herein that describe the Company's business strategy, outlook,
objectives, plans, intentions or goals also are forward-looking statements.
All such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those in forward-looking statements.
VOD Newswire Video Format:
http://vodnewswire.com/vodnewswire/news/biocentric-energy-20090817/
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