SOURCE: BioCentric Energy Holdings, Inc.

BioCentric Energy Holdings, Inc.

August 04, 2009 14:39 ET

BioCentric Energy Holdings Signs LOI to Acquire Corporate Headquarters

SAN JUAN CAPISTRANO, CA--(Marketwire - August 4, 2009) - BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the company has entered into a formal Letter of Intent to acquire the currently leased facility at 3259 Valle Road, San Juan Capistrano, California.

BioCentric President Dennis Fisher today announced the company entered in to the letter of Intent to purchase the entire facility. Mr. Fisher commented, "We started by leasing the top floor and partial parking area of the two storey building earlier this year, and now with the tremendous growth of the company we felt it necessary to expand our corporate facilities and take advantage of the current economic situation by acquiring this facility which will add a substantial asset to the corporation's balance sheet. Upon closing this will enable BioCentric, to facilitate a full size Laboratory for ALGAE research, along with a Freeze dry and storage center for harvested ALGAE and the possibility of a refining center for alternative fuel production products, including Bio-Diesel and Gasoline."

Mr. Fisher further commented, "The 1800 square foot bioreactor is now operating in a totally 'Environmentally Green' process and we expect to harvest the first cultures tomorrow. Production of the second onsite closed loop Photobioreactor system is well under way and production updates on that system should be readily available early next week."

Relevant Links & Articles

http://business2press.com/2009/07/14/exxon-mobil-announces-first-real-clean-energy-investment/

www.nationalalgaeassociation.com

www.biocentricenergy.com

www.biocentricenergyalgae.com

www.emerginggreencompanies.com

About BioCentric Energy Holdings, Inc.

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.

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Contact Information

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