SOURCE: BioCentric Energy Holdings, Inc.

September 04, 2009 15:35 ET

BioCentric Signs a Master Services and Teaming Agreement With a California Based Publicly Traded Company

SAN JUAN CAPISTRANO, CA--(Marketwire - September 4, 2009) - BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the following shareholder information:

The company today released the execution of a Master Services and Teaming Agreement between a California based publicly traded "Green" orientated technology company and BioCentric Energy Holdings, Inc. The company who operate a number of "Green" technologies for alternative power and fuels worldwide has requested a non disclosure of the name and ticker symbol until the comprehensive development plan is delivered by BioCentric Energy.

Along with the executed agreement BioCentric Energy has received an earnest money deposit that will be held in escrow until BioCentric delivers an inclusive, and comprehensive Plan of Action for the initial ten acre Algae Pro Photobioreactor in Malaysia. BioCentric will also receive onsite management and VPN management fees as well as a royalty payment for achieved results and a commission in the event of BioCentric securing the offtake agreement, additionally BioCentric shall also retain a small ownership percentage of the facility.

Mr. Dennis Fisher, CEO of BioCentric, stated today, "Now that Mr. Shen has returned from China, it is my primary function within this company to bring all sales in house and develop a VAR Program to solicit business globally. The next steps with this newly contracted company are pivotal in our market to profitability. Our team looks forward to providing a complete education of our products and services with Envirotek and other VAR to adequately capture market share for our niche."

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About BioCentric Energy Holdings

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

  • Investor Relations, Contact:

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

    Roger E. Pawson
    PH: 702-499-1411
    SYPE: XCEO52