BioCentric Energy Holdings Provides Important Shareholder Updates
October 05 2010 - 5:00AM
BioCentric Energy Holdings, Inc. (Pink
Sheets:BEHL)
President, Monique Berry provided the
following shareholder update:
The deployment and installation of BEHL'S PBR systems (which
includes, bags, corners, pumps, skids etc.) in Death Valley
Junction, CA, has been in progress now for 3 consecutive
weeks. During this process, the BioCentric Energy Technical
Team has been developing procedures and protocols to improve
productivity for future sites. BEHL Founder and Chairman of
the Board, Dennis Fisher, stated, "We anticipate that each site
will have its own unique challenges. I remain pleased with
the progress being made thus far on this site and believe that DVJ
was the perfect place to start. In fact, Death Valley
Junction is proving to be such an ideal location for our PBR
systems and algae production, that we are beginning the excavation
of the next 4 acres." Fisher further stated, "We would like
to thank the Inyo County officials, many of whom have visited our
DVJ site after receiving calls from BEHL shareholders inquiring
about our progress. Inyo County has been extremely helpful
and supportive in the Company's efforts to complete the Death
Valley Junction site and the restoration of this historic
town." The Company is in the planning stage of allocating
each alga strain to a specific CAB (controlled algae basin) on the
DVJ site. At this time, CAB #1 will be used to cultivate
Haematococcus. In CAB #2 and #3 the Haematococcus will be
stressed in order to produce Astaxanthin. CAB #4 will be
inoculated with a strain containing omega-3 with EPA to begin
fulfilling the Company's contract for omega-3.
The accelerated weather testing on the Company's plastic tubing
is now complete. BEHL's plastic tubes were placed in a
machine that emulated 24 months in high temperatures and direct
sunlight. The plastic did not show any signs of discoloration
or degradation. The Company has decided to continue using
this material for future sites and will utilize the expertise of a
local manufacturer with the ability to increase the tube thickness
by 25%.
Concerning clients and contracts: the Company has received an
additional letter of intent from a Native American Indian Tribe
located in Maricopa County, Arizona. BEHL's Marketing
Director, Marla Kennedy, has contacted twelve elected government
officials and forwarded formal invitations to tour the DVJ facility
in October. The Company's business plan and proposal to the
state of Utah is being forwarded to Utah's Governor for
consideration. Timelines for the Hawaiian project are in
process and components will be ordered in the next couple of
weeks.
Last Thursday, September 30, BEHL President, Monique Berry,
along with Algae Specialist Domini Maddox and Analyst Judy Quang,
traveled to UC Berkeley to meet with Dr. Melis. The meeting
was highly productive and informative. It is the Company's
intention to finalize a statement of work with Dr. Melis and UC
Berkeley this week. Ms. Berry stated, "We will rely upon the
experience and expertise of Dr. Melis and his team to help support
and maximize our commercial production of Haematococcus for the
valuable Astaxanthin."
The search for a seasoned CEO for BioCentric Energy is still in
process. This candidate will have extensive construction
experience and the ability to oversee and manage multi-million
dollar projects.
The BioCentric Energy Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7468
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."
CONTACT: BioCentric Energy Holdings, Inc.
Monique Berry, President
714-966-1234
www.biocentricenergy.com
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