SOURCE: Biocentric Energy Holdings, Inc

January 10, 2011 09:15 ET

Biocentric Energy Holdings, Inc., Corporate Information Statement

SALT LAKE CITY, UT--(Marketwire - January 10, 2011) - BIOCENTRIC ENERGY HOLDINGS, INC (PINKSHEETS: BEHL) Corporate Information Statement.

Company President, Michael E. Burton, Stockholm, Sweden today released the following information statement for Biocentric Energy Holdings, Inc.

The company recently suffered a dramatic series of events in which the former board of directors abandoned the company and its operations, causing a traumatic series of events which led to the closure of the Santa Ana, California corporate offices.

Council has been retained to address all outstanding State and Civil disputes along with any debt accrued in California while under control of the company's previous management.

Professional services have been retained for the "PinkSheets" company information filings with the intent of providing all corporate and financial information and the revised business plan to PinkSheets with the goal of being restored to current information status.

The Death Valley Junction, California project has been assigned in its entirety to joint Venture partner Arthur B. Clark III, thus relieving Biocentric Energy of any future costs attached to completing and operating the project.

A new qualified Board of Directors will be announced in the very near future upon completion of all due diligence from the qualifying candidates.

The company's new corporate facility and testing center is located in Salt Lake City, UT and will be announced shortly.

The company website is under reconstruction and is expected to be operational in the very near future.

Company has restored several relationships for "ALGAE" derived product orders from the former company's operations and is striving to fulfill the commitments for products to ensure revenues and products.

Biocentric Energy is diversifying its operations into Alternative Fuel and Power production operations along with the continued production and distribution of "Algae" derived products.

Negotiations are in process with a privately owned company with multiple subsidiaries operating in the "Green" Energy, Power and "ALGAE" sectors for several exclusive licensing and distribution rights. The sectors include but are not limited to conversion of Landfill waste to Electricity and the treatment of waste liquids for the production of Natural Gas for both On -Road and Off-Road fuel products.

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."