BioCentric Energy Signs an Association Agreement With Zenxin of China to Deliver CO2 Reduction via Profitable Algae Growth to th
October 21 2008 - 8:30AM
Marketwired
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) has signed an
Association Agreement with Zenxin of China today. Specifically,
this partnership will result in the formation of BioCentric Energy
Algae Hong Kong Ltd (BCEA HK). The first of many projects of this
alliance is located in Wuhan, China, which is a coal fired steel
generation facility emitting 40,000 tons of CO2 per year. Wuhan has
the distinction of emitting 33,000,000 tons per year of CO2 from
their coal fired steel factories. BCEA HK will deliver CO2
reduction and profitable Algae growth for production of oil to
biodiesel, and gasifying the residue to biogas to produce
electricity through jet turbine generators within a closed loop
solution.
Dennis Fisher, CEO and President of BioCentric Energy stated
today, "My admiration and appreciation goes out to all the city,
and state officials in China who understand the ramifications of
our success in this initial project." Mr. Fisher went on to say, "I
would also like to take this opportunity to give credit to the
outstanding efforts of Dennis Shen and Cliff Bream which has made
this alliance possible for BioCentric Energy. Their tireless
efforts with the people of Zenxin, the City Management of Wuhan,
and the Chinese government have made this partnership a
reality."
About BioCentric Energy, Incorporated:
BioCentric Energy, Inc. is primarily a research &
development holding company, whose principals are involved in
seeking innovative green energy solutions for the 21st Century. Our
mission is to increase the company's value through the discovery,
development, and implementation of renewable energy projects.
BioCentric Energy, 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 energy alternatives to the
marketplace.
Safe Harbor Statement:
Except for historical information contained herein, the matters
set forth above may be forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements. Words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to the Company or its management,
identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well
as assumptions made by and information currently available to
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors such as the level of business and consumer
spending, the amount of sales of the Company's products, the
competitive environment within the industry, the ability of the
Company to continue to expand its operations, the level of costs
incurred in connection with the Company's expansion efforts,
economic conditions in the industry and the financial strength of
the Company's customers and suppliers. The Company does not
undertake any obligation to update such forward-looking statements.
Investors are also directed to consider all other risks and
uncertainties.
Contact: For more information, please contact: Company Contact:
Mr. Dennis Fisher CEO and President BioCentric Energy, Inc. Tel:
714-536-6370 Email: DennisFisher@BioCentricEnergy.com
http://www.BioCentricEnergy.com
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