SOURCE: BioCentric Energy Holdings, Inc.

BioCentric Energy Holdings, Inc.

March 11, 2010 12:05 ET

BioCentric Energy Holdings, Inc. Shareholder Update

SANTA ANA, CA--(Marketwire - March 11, 2010) -  BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced Monique Berry, the Company's Executive Vice President has been promoted to President of BioCentric Energy Holdings, Inc. Mr. Fisher will remain present at the company and maintain his position as Chairman of the Board and Executive Vice President of Business Development.

Mr. Fisher stated today, "Ms. Berry has demonstrated exemplary character and work ethics, exceptional leadership qualities and a solid commitment to the Company."

Other News...

All components for Version III of BioCentric Energy's Algae Pro Photobioreactor system have been paid for and the few remaining items for assembly are in route to South Carolina, with an anticipated delivery date of Tuesday, March 16th, 2010. Also, BioCentric Energy anticipates delivery of all outstanding plastic and minor components at their Santa Ana headquarters early next week.

BioCentric's Joint Venture partner, South Carolina-based Renewed World Energies, yesterday announced they are now a publicly traded company and trading on (PINKSHEETS: AVNE).

Algae specialist Domini Maddox is in the process of relocating from Austin, Texas and will arrive at the Company's headquarters on Monday, March 15th to commence working onsite with the BioCentric Energy team. Ms. Maddox and BioCentric Energy's dedicated lab technician Jason Paxton, will be working diligently to inoculate the algae (for Omega3 / EPA) in preparation for cultivation in the Company's commercial closed-loop photobioreactor.

The BioCentric Energy laboratory is currently in the process of being renovated to improve the functionality of the lab and to create a "clean" lab environment. The Company has purchased an autoclave, incubator and a hood system, to ensure that the algal remains free of contamination before it is placed in the commercial closed-loop photobioreactor.

Many shareholders have inquired as to when the BioCentric Energy website will be updated. We are pleased to announce that a new website for the company is under construction and will be a great source of information on the Company's business plan, objectives as well as feature animated renderings of the BioCentric Energy's closed-loop system, PLC and site plan. Thank you in advance for your patience as a new and improved site is developed.

The BioCentric Energy team would like convey their sincere appreciation to the Shareholders who attended the Company's first-annual shareholders meeting. The Company was very pleased with the Shareholders' participation and willingness to voice their comments, questions, concerns and accolades. 

The NAA (National Algae Association) West Coast Workshop, which followed the Shareholders meeting, was an outstanding event that provided a wealth of information from some very engaging speakers. The networking opportunities were very good and BioCentric Energy has received positive feedback on this event. 

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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

  • Monique Berry
    Executive Vice President
    BioCentric Energy
    VP Sales / Marketing
    Office: 714-966-1234 (101)
    Cell: 949-939-4291