BioCentric Energy Holdings Provides Important Shareholder Updates
September 15 2010 - 5:00AM
BioCentric Energy Holdings, Inc. (Pink
Sheets:BEHL)
President Monique Berry provided the following
shareholder update:
Ms. Berry stated, "BioCentric Energy and BioCen (Pink
Sheets:BNPD) are finalizing their negotiations this week for the
acquisition of all BEHL assets. The assets include, but are not
limited to, BEHL's intellectual property, all components,
equipment, inventory, PBR systems and client contracts. The
Companies both agree for BEHL to maintain its position as a public
company. Furthermore the parties agree that BEHL will be the
exclusive assembly and installation division for BNPD and will
profit from a cost plus 20% contract share ratio. BEHL shareholders
can preserve their shares and will receive 1 BNPD unrestricted free
trading share for every 10 BEHL shares owned as of the record
date to be announced shortly. The executive team and board
positions are currently being defined and contracts are being
negotiated. The Companies anticipate finalizing and announcing
these positions early next week."
Dennis Fisher, Chairman of the Board for BEHL, stated today, "I
have agreed to be a returning guest on Market Playground with
Demian Russian to answer all questions compiled through his
internet blog. I appreciate Demian taking the time to allow
us to communicate through his forum."
Fisher will be interviewed by Demian Russian and Dennis "Cos"
Costa. Previous episodes of Playground Radio are available for
streaming or download, as an Mp3 file or via iTunes.
Further information about Playground Radio can be found at
the Playground Radio Home
Page: http://satelliteradioplayground.com/playground-radio/
http://www.blogtalkradio.com/playgroundradio/2010/09/18/dennis-fisher-biocentric-energy-behl-chairman-of-the-board
Link for investors to submit questions and suggestions:
http://marketplayground.com/forum/forumdisplay.php?8-Biocentric-Energy-(BEHL)
Ms. Berry further commented, "The BEHL technical team is
providing daily updates and pictures of their progress as they
deploy the Company's first commercial PBR systems in Death Valley
Junction this week. Once the deployment is complete, the team
will transport approximately 1,000 gallons of Haematococcus that
will be inoculated into the system. The anticipated date for
inoculation in Death Valley Junction is October 5th, 2010."
"For several months now, the Company has been testing a
proprietary algae strain in its large commercial demo PBR system
located in Santa Ana, California. The tests are now complete and
the Company is very pleased with the results and high growth rate
of the algae in its PBR system. The team has decided to replace the
plastic tubes in lieu of cleaning and flushing to reduce any risk
of contaminating prior to inoculating the system with the highly
valuable Haematococcus."
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."
The BioCentric Energy Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7468
CONTACT: BioCentric Energy Holdings, Inc.
Monique Berry, President
714-966-1234
www.biocentricenergy.com
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