BioCentric Energy Announces Merger Agreement With Reporting Company
September 21 2009 - 1:54PM
Marketwired
BIOCENTRIC ENERGY HOLDINGS, INC. (PINKSHEETS: BEHL) ANNOUNCES: The
company today agreed to the terms of a merger agreement with a
fully reporting company.
BioCentric President Dennis Fisher today commented, "BioCentric
has reached an agreement with a Nevada domiciled fully reporting
company which will enable BioCentric to emerge as a fully reporting
OTC Bulletin Board company.
The basic terms of the merger comprise of:
The OTC:BB company will be named BioCentric Global Solutions,
Incorporated
"BioCentric Global Solutions, Incorporated"
1) Will acquire all of the assets of BioCentric Energy Holdings,
Inc. (BEHL) For a combination of Preferred and Common Shares.
2) Will acquire controlling interest of BioCentric Energy Algae,
Inc. (The subsidiary) For Preferred Shares.
3) Will file an S1 Registration document for approval to issue
One Free Trading Bonus share of common stock to existing BEHL
shareholders for every Ten shares of BEHL shares owned as of a
record date, to be determined.
The merger process has already begun and regular progress
reports will be made available by public notice including the
record date of qualification, the new trading symbol and the bonus
shares distribution date."
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: Dale Baeten BioCentric Investor Relations Office:
920-273-7941
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