SOURCE: BioCentric Energy Holdings, Inc.

October 21, 2008 08:30 ET

BioCentric Energy Signs an Association Agreement With Zenxin of China to Deliver CO2 Reduction via Profitable Algae Growth to the First of Seven Steel Production Facilities in Wuhan, China

HUNTINGTON BEACH, CA--(Marketwire - October 21, 2008) - BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) has signed an Association Agreement with Zenxin of China today. Specifically, this partnership will result in the formation of BioCentric Energy Algae Hong Kong Ltd (BCEA HK). The first of many projects of this alliance is located in Wuhan, China, which is a coal fired steel generation facility emitting 40,000 tons of CO2 per year. Wuhan has the distinction of emitting 33,000,000 tons per year of CO2 from their coal fired steel factories. BCEA HK will deliver CO2 reduction and profitable Algae growth for production of oil to biodiesel, and gasifying the residue to biogas to produce electricity through jet turbine generators within a closed loop solution.

Dennis Fisher, CEO and President of BioCentric Energy stated today, "My admiration and appreciation goes out to all the city, and state officials in China who understand the ramifications of our success in this initial project." Mr. Fisher went on to say, "I would also like to take this opportunity to give credit to the outstanding efforts of Dennis Shen and Cliff Bream which has made this alliance possible for BioCentric Energy. Their tireless efforts with the people of Zenxin, the City Management of Wuhan, and the Chinese government have made this partnership a reality."

About BioCentric Energy, Incorporated:

BioCentric Energy, Inc. is primarily a research & development holding company, whose principals are involved in seeking innovative green energy solutions for the 21st Century. Our mission is to increase the company's value through the discovery, development, and implementation of renewable energy projects. BioCentric Energy, 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 energy alternatives to the marketplace.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information