SOURCE: BioCentric Energy Holdings, Inc.

September 03, 2009 14:12 ET

BioCentric Signs a Master Services and Teaming Agreement With Gruppo Oil and Energy, LLC

SAN JUAN CAPISTRANO, CA--(Marketwire - September 3, 2009) - BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the following shareholder information:

The company released today the execution of a Master Services and Teaming Agreement between Gruppo Oil and Energy, LLC and BioCentric Energy. BioCentric 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 Inner Mongolia. 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. BioCentric shall also have a small ownership stake in the facility.

Mr. Dennis Fisher, CEO of BioCentric, stated today, "We appreciate the opportunity to deliver our cold weather solution to Inner Mongolia. Being adjacent to the MSW incineration facility will provide both the heat and CO2 source to maintain our solution and the sorghum being provided for our solution will offset the low PAR data. It is our intent at this time to explore several different strains of algae for maximum profitability."

Relevant Links & Articles

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.

VOD Newswire Video Format:



This message may contain confidential, proprietary or legally privileged information and is intended only for the individual named. No confidentiality or privilege is waived or lost by any transmission made in error. If you receive this message in error, please immediately notify the sender, delete it from your system and destroy any hard copies. If you are not the intended recipient, you must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message. Investing In Stock Market, Inc. reserves the right to monitor all e-mail communications through its networks. Any views expressed in this message are those of the individual sender, except where the message states otherwise and the sender is authorized to state them to be the views of any such entity.

Contact Information