SOURCE: BioCentric Energy Holdings, Inc.

BioCentric Energy Holdings, Inc.

August 10, 2009 13:31 ET

BioCentric Energy Confirms Significant Short Position of Company's Common Stock

SAN JUAN CAPISTRANO, CA--(Marketwire - August 10, 2009) - BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the company has confirmed the significant short position in the company's common stock.

A senior spokesperson for BioCentric energy today made the announcement that the company has been under constant barrage by several Market Makers who constantly and blatantly manipulate the company's stock in the open market. Today the company's suspicions were confirmed when NASDAQ OMX published the results on the short list under the regulation SHO Threshold Security List.

http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold

The company will today be talking with securities council regarding the pursuit of civil action against the Market Makers in question for stock manipulation with the intent of issuing subpoena's for their trading records of BioCentric Energy stock. In addition the company plans to diligently file complaints with the regulatory authorities to accelerate the enforcement of the Market Makers illegal actions. The result of such actions causes untold financial damage to both the company and shareholders alike.

RELEVANT LINKS & ARTICLES

SEC Emergency Short Sale Order

The Securities and Exchange Commission has issued new rules on short selling of financial companies. In effort to provide constant updates of those rules, NASDAQ has posted two lists of Included Financial Firms:

--  Companies selected from Appendix A to the Emergency Order
--  Additional companies that also meet the criteria, but that were not
    included in Appendix A to the Emergency Order.
    

Current and Historical lists can be found at http://www.nasdaqtrader.com/Trader.aspx?id=trader_sec_shortsale.

As announced in RA #2008-027, the Securities and Exchange Commission (SEC) issued further guidance to protect investors against "naked" short selling:

The SEC is "extending temporary Rule 204(a)'s close-out requirement for fails to deliver attributable to bona fide market making activities by registered market makers, options market makers, or other market makers obligated to quote in the over-the-counter market (collectively, "Market Makers")."

REG SHO Overview

As defined in Rule 203(c)(6) of Regulation SHO, a "threshold security" is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:

--  There are aggregate fails to deliver at a registered clearing agency
    of 10,000 shares or more per security;
--  The level of fails is equal to at least one-half of one percent of the
    issuer's total shares outstanding; and
--  The security is included on a list published by a self-regulatory
    organization (SRO).
    

A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.

The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the "grandfather provision" effective October 15, 2007. Please refer to Regulatory Alert #2007-086 for complete details.

Relevant Links

www.biocentricenergy.com

www.biocentricenergyalgae.com

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-20090810/

Contact Information

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