SOURCE: BioCentric Energy Holdings, Inc.

BioCentric Energy Holdings, Inc.

February 19, 2010 16:23 ET

BEHL Shareholder Updates

SANTA ANA, CA--(Marketwire - February 19, 2010) - BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) announced today the following updates:

BEHL would like to congratulate Renewed World Energies for being acquired by the publicly traded company, Aventura Equities, Inc. Now, with both owners of Alta 3 Global being public entities, the projects executed will have complete disclosure. 

The purpose of the Alta3 Global Venture is as follows:

To operate a business related to (i) commercial production of algae commodities and proprietary products, (ii) marketing and sale of algae production systems to third Party customers and (iii) create a marketing distribution channel for the purposes of selling Joint Venture developed products and services.

In order to create an immediate, sustainable and scalable revenue stream, each Party to the Joint Venture shall contribute (i) the relevant and applicable resources and contacts respective to each Party and (ii) such existing, in development and to be developed product(s) and expertise directly related to the Algae Pro Photobioreactor III ("PBR III").

Other news...

As a reminder, the 1st Annual Shareholders Meeting will be held on February 24th, 2010 at 12:00pm at the Monte Carlo Hotel and Casino in Las Vegas, Nevada. BioCentric Energy would like to solicit all questions from shareholders in advance of the Shareholders meeting so that we may efficiently address all questions and topics. Please submit your questions no later than Monday, February 22nd via e-mail to: marketing@biocentricenergy.com

The purpose of the Shareholder Meeting is to meet our shareholders, answer questions and to give a detailed synopsis of where BEHL is now, where we believe we will be six months from now, and a year from now.

Following the BEHL Shareholders Meeting is the National Algae Association (NAA) West Coast Chapter Workshop, of which Mr. Dennis Fisher is President and event host. For your convenience, the NAA Workshop will also be held at the Monte Carlo Hotel and Casino in Las Vegas, February 25th - 26th; Time: 8:00a.m.

The "corners" for the Algae Pro Photobioreactor (180 degree turns) have passed through US Customs from China, and were delivered today to 2400 South Garnsey in Santa Ana. The offloaded total of 1,168 "corners" represents approximately 3.5 acres of the Algae Pro Photobioreactor farm.

View this release in video format:

http://www.vodnewswire.com/vodnewswire/news/biocentric-energy-20100219/

In combination with the BEHL enhancements, the Algae Ventures Harvester Version II is complete and will be delivered by BECO Labs to BEHL today. Renewed World Energies is adding their enhancements into the version II blueprints so that BECO may begin building Version III next week. The expected completion date is the second week in March.

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.

Contact Information

  • Contact:
    Monique Berry
    Executive Vice President
    BioCentric Energy
    714-966-1234