SOURCE: BioCentric Energy Holdings, Inc.

BioCentric Energy Holdings, Inc.

September 21, 2009 13:55 ET

BioCentric Energy Announces Merger Agreement With Reporting Company

SAN JUAN CAPISTRANO, CA--(Marketwire - September 21, 2009) - BIOCENTRIC ENERGY HOLDINGS, INC. (PINKSHEETS: BEHL) ANNOUNCES: The company today agreed to the terms of a merger agreement with a fully reporting company.

BioCentric President Dennis Fisher today commented, "BioCentric has reached an agreement with a Nevada domiciled fully reporting company which will enable BioCentric to emerge as a fully reporting OTC Bulletin Board company.

The basic terms of the merger comprise of:

The OTC:BB company will be named BioCentric Global Solutions, Incorporated

"BioCentric Global Solutions, Incorporated"

1) Will acquire all of the assets of BioCentric Energy Holdings, Inc. (BEHL) For a combination of Preferred and Common Shares.

2) Will acquire controlling interest of BioCentric Energy Algae, Inc. (The subsidiary) For Preferred Shares.

3) Will file an S1 Registration document for approval to issue One Free Trading Bonus share of common stock to existing BEHL shareholders for every Ten shares of BEHL shares owned as of a record date, to be determined.

The merger process has already begun and regular progress reports will be made available by public notice including the record date of qualification, the new trading symbol and the bonus shares distribution date."

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.

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Contact Information

  • Contact:
    Dale Baeten
    BioCentric Investor Relations
    Office: 920-273-7941