SOURCE: BioCentric Energy Holdings, Inc.

BioCentric Energy Holdings, Inc.

March 01, 2010 07:00 ET

Shareholder Update: BioCentric Energy Holdings, Inc.

SANTA ANA, CA--(Marketwire - March 1, 2010) -  BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL)

The first annual BioCentric Energy Holdings annual shareholders Meeting conducted by the current Board of Directors was held on Wednesday, February 24th, 2010 at the Monte Carlo Hotel, Las Vegas, Nevada. The following quote from the meeting was issued by Dennis Fisher, Chairman of the Board of BioCentric Energy.

"I know what we, the Team of BioCentric have created... What we have designed and are implementing... The first of its kind... A remotely operated, completely automated, low cost closed loop Photobioreactor system. We have done this by way of a combination of professionals and an advanced scientific team who think and plan outside of the box. My sincere thanks and gratitude are extended to them and our partners herein. This task was accomplished with major assistance for the Version 3 upgrade to reality, by our friends and Joint Venture associates from South Carolina... Renewed World Energies.

BECO Laboratories has delivered engineering and the manufacture of exclusive components for testing and functionality. Zenxin for multiple design modifications, engineering feasibility reviews, and ongoing further modifications for the next 10,000 turns critical to our exclusive system.

Our thanks further extend to Algae Ventures for their efforts to date for an inexpensive harvesting solution and the trust they bestowed upon us in availing their engineering to our enhancements along with Shannon Plastics who have consistently used conception outside of the box to deliver one off material components.

NAA President - Barry Cohen who referred to our Algae Pro Photobioreactor solution as the 'Wal-Mart' of PhotoBioreactors. Our first client for Omega 3 with EPA, who signed before we were operational. And last but not least, Siemens for the PLC, with training and support globally to monitor and maintain the variables dictated and remotely change to optimize. It is a combination solution that utilizes the talents of many to achieve our desired results. Teamwork... is the ability to work as a group towards a common vision. It is undoubtedly because of this teamwork... here is where we are today."

BioCentric Energy Holdings (PINKSHEETS: BEHL) is a publicly held company that designs, manufactures and sells commercial Closed-Loop Photobioreactor systems and innovative algae culturing equipment. Our Equipment and Monitoring System The BioCentric Energy's commercial Closed-Loop Photobioreactor system is complete with a state of the art, highly intuitive remote, computerized monitoring control system. 

Given the multitude of vital requirements for growing mass quantities of contaminant free algae, only the highest quality and most reliable CPU (Central Processing Unit) and sensors would be acceptable. Each BioCentric Energy Closed-Loop Photobioreactor system utilizes the preprogrammed Siemens (PLC) sensors that receive data from the CPU to adjust the systems temperature, PH levels, growth, nutrients, water, turbidity and several other vital elements. 

BioCenric Energy's Primary Objectives for the Next Ninety Days are:

  1. Website updates
  2. Complete new laboratory in SA
  3. Complete our 6500 sq ft version 3 PBRs in Santa Ana
  4. Complete exact same version, 6500 sq ft version 3 PBRs in SC
  5. Assemble hard asset components to Lone Star College for a small 4300 sq ft PBRs and begin the assembly process
  6. Locate and secure 150 + acres for multiple client farms at one California location
  7. Informing in detail our newly appointed CEO with all major future BioCentric objectives
  8. Completion of the $5M Capital raise
  9. Complete Form 10 filing to OTC: BB requirements
  10. Complete the sale of 3 inoculants reactors
  11. Sell two continuous flow desktop reactors
  12. Submit three provisional patents already proven by the company.
  13. Hire an independent evaluator to ascertain today's perceived value on provisional patents already received by US Patent Office

Achievable goals for the next 6 months

  1. Complete two acres on our 150+ acre site
  2. Sign three clients to our 150 site
  3. Sign one client for a 10 acre build at their location
  4. Solicit and bring in additional omega 3 contracts
  5. Finalize first Solutions 28 contract
  6. Sell 3 innoculant reactors
  7. Sell two continuous flow desktop reactors
  8. Complete Lone Star College 4300 sq ft PBRs and begin the validation process

Projected year 2011 obtainable objectives

  1. Our goal is to have 25 acres up, running, and optimized before the next shareholders meeting
  2. To complete the assembly plant to stencil out our "Two twenty foot containers for each acre" facility
  3. To begin the up listing process to advance to the NASDAQ exchange

Projected year 2012... our achievable goals are as follows...

  1. We are the number one supplier of closed loop Photobioreactors on the planet with over 200 acres installed, operational, and optimized for maximum productivity
  2. We are a NASDAQ company
  3. We are a premiere acquisition target
  4. We all have earned our way to significant profitability"

Additional News... The National Algae Association (NAA) West Coast Chapter Workshop held at the Monte Carlo Hotel and Casino in Las Vegas, February 25th - 26th was an immense success. The comments received to date include "extremely informative," to "the most enlightening and educational algae forum to date," to "a truly edifying experience in my pursuit of knowledge on algae." Monique Barry deserves special recognition for her tireless efforts to deliver a quality, professional and an interesting workshop in which all participants seemed genuinely pleased with the results. Lisa Cohen and Patrick Kuydehal also deserve mention for their participation in accomplishing such a successful interaction.

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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.

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