SOURCE: AutoMax Group, Inc.

September 09, 2008 08:30 ET

AutoMax Group Holdings (AUMX) Signs Merger Agreement With BioCentric Energy, Inc., a Green Energy Solutions Provider

HUNTINGTON BEACH, CA--(Marketwire - September 9, 2008) - BioCentric Energy, Inc. has agreed on the terms and conditions of a Share Acquisition Agreement with AutoMax Group Holdings Inc. (PINKSHEETS: AUMX). Management of BioCentric Energy, Inc. will apply this week for the proposed name and symbol change to BioCentric Energy Holdings. The total issued and outstanding shares post merger will be 132,089,018.

BioCentric Energy, 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 energy alternatives to the marketplace.

Jack Tortorice, Chairman of the Board for BioCentric Energy, Inc., stated today, "For a number of years we have been building a diversified Green Energy Company to bring to the public arena. Our Unique Green Team consists of proven capable and successful professionals that are and have been committed to delivering our country and our planet both a profitable path of Green Energy and the reduction of global warming." Mr. Tortorice went on to say, "Approximately one third of the CO2 Green House Gas Emissions are directly attributable to the production of energy in our Country. Every BioCentric solution is designed to lessen the environmental impact on our country and planet and also reduce our dependency on foreign energy supply."


BioCentric Energy Algae ( projects are all designed with the same functionality and purpose. Two algae projects are currently being implemented... one in Lake Elsinore, California and the other in the Guangdong Province of China.


The BioCentric Energy Consortium brokers the supply and delivery of organic oils, such as, crude, degummed Soybean oil, Rapeseed oil, and Palm Oil, to Biodiesel facilities. BioCentric Energy Consortium consists of many broker members directly tied into the 'Producers of Organic Oils' and to 'Buyers of Biodiesel' through what is known in the industry as the "Seller's Mandate" or the "Buyers Mandate."


BioCentric Energy Microwave is in the process of developing a solution that utilizes a proven technologically advanced microwave solution to produce energy from multiple waste products. We have acquired a location in Orange County, Texas to deliver our green energy generation solution. The defined wastes are MSW (Municipal Solid Wastes), Used Tires, and Chinese Tallow.

About BioCentric Energy, Incorporated:

BioCentric Energy, Inc. (BCEI) is primarily a research & development holding company, whose principals are involved in seeking innovative green energy solutions for the 21st Century. Our mission is to increase the company's value through the discovery, development, and implementation of renewable energy projects. The strategy utilizes our extensive experience and global contacts to uncover opportunities through joint ventures, association agreements, and/or acquisitions. We believe in establishing strong partnerships with industry leaders at the appropriate point in a projects development.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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