SOURCE: BioCentric Energy Incorporated

June 12, 2007 08:00 ET

BioCentric Energy Board of Directors Approves Funding for Mason City

HUNTINGTON BEACH, CA--(Marketwire - June 12, 2007) - BioCentric Energy, Inc. (BCEI) is pleased to announce that the Board of Directors unanimously approved funding to facilitate the first Cellulosic Ethanol plant utilizing the 'Rivera Process' at BCEI's Mason City, Iowa, location. The Rivera Hydrolysis/Pyrolysis (HP) sublicense was provided to BCEI by Sustainable Power Corp. (PINKSHEETS: SSTP), the primary master license holder.

This Rivera HP Solution will use a combination of DDGS (the slag or by-product of ethanol production) and imperfect raw Soy Beans to produce and deliver a high BTU liquid, biogas, and char. The high BTU liquid will be scrubbed and converted into ethanol. BCEI has negotiated favorable terms for the use of the biogas by a factory located within ten miles of our plant. The char will be shipped to a local cement factory for fuel in their furnace to reduce their costs of production.

Jack Tortorice, President of BioCentric Energy, Inc., stated, "The Rivera Hydrolysis/Pyrolysis Solution delivers a new cost-effective paradigm to the renewable energy world." Mr. Tortorice further elaborated, "With 16 Ethanol plants within a one-hundred mile radius, this modest facility is but the first of an ambitious, yet achievable business plan for rapid plant deployment, which will replicate this low-cost Cellulosic Ethanol solution throughout our great country."

Mr. Tortorice went on to note, "The Mason City facility will immediately be utilized for the delivery of E-Diesel (OD-66)*. Until our Iowa facility is operational, the unique blending component generated by the Rivera Hydrolysis/Pyrolysis Solution will be manufactured in Natchez, and then shipped to Mason City to fulfill blending production requirements for over 58 million gallons per year of OD-66."

About BioCentric Energy Incorporated

Our team has spent considerable time and treasure in the research and development to deliver energy to our country from low, no or negative value feedstocks. The BCEI focus is on the energy business origination and the outsourcing of the actual technological development, design, engineering, and construction functions of the build out of the facility are entrusted to our partners.

About Sustainable Power Corp.

Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel. For more information, please visit www.sustainablepower.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.

*BCEI was also pleased to announce the recently completed third party analysis by an independent laboratory, AmSpec (Lab ID# HO55648-1), on the OD-66 product, which provided a 52.5 Cetane Number (#2 Diesel is 45-47) along with other confirmatory results.

Resource: BioCentric Energy Incorporated

Contact Information