SOURCE: BioCentric Energy Holdings, Inc.

BioCentric Energy Holdings, Inc.

January 12, 2010 11:10 ET

BioCentric Energy Holdings, Inc. Interim Shareholder & Investor Information Updates

SANTA ANA, CA--(Marketwire - January 12, 2010) - BioCentric Energy Holdings (PINKSHEETS: BEHL) today released the following Interim Shareholder & Investor Company Information Updates:

BioCentric President & CEO Dennis Fisher today announced the company would like to address the subject of the proposed one acre BioCentric closed loop Photobioreactor systems, in both Leona Valley, California and North Las Vegas, Nevada. BioCentric would like to advise shareholders and Investors as per the press release dated September 25, 2009, the investment groups for both the Leona Valley, CA project, and the North Las Vegas, NV project have currently to date been unable to provide sufficient capital to execute the signed LOI between the companies. After recent discussions and the start of a new fiscal year, BioCentric is optimistic; both entities' financial goals will be achieved by the end of spring 2010, enabling the consummation of the contracts and the beginning of development for both closed loop systems.

January 20th, 2010 -- Senior members of the BioCentric Management Team will be arriving in South Carolina to finalize the JV agreements with Renewed World Energies (RWE) which include:

1) The fulfillment of currently open in-house purchase orders.

2) Final Contracting agreements with RWE to build and maintain BioCentric Second Generation Closed Loop Photobioreactor systems.

3) Enhancement of the Harvesting Prototype (R & D version) which is anticipated for completion by the end of the month.

4) Completion of filing Government grant applications through the Department of Energy (DOE) who have significant funds set-aside for companies such as BioCentric for ALGAE research and development processes.

5) Collaborating on consolidated marketing materials for the next generation of BioCentric closed loop photobioreactors.

Projected Generation II Photobioreactor Installation timelines:

For the Generation II install at our Santa Ana Headquarters is as follows:
Ground Preparation work is already completed
Turns: Manufacturing Complete ion scheduled  for January, along with an
estimated delivery by the end of the month
Air Caps: 4th Generation of engineering to be completed and delivered by
end of month
Tubing: In production, estimated delivery end of January
Pump: End of January
Algae Culture: Strains ordered in January
Harvest Unit: End of January


View this release in video format:

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:
    BioCentric Energy Holdings, Inc
    Dennis Fisher