BioCentric Energy Holdings Signs LOI to Acquire Corporate Headquarters
August 04 2009 - 2:38PM
Marketwired
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced
the company has entered into a formal Letter of Intent to acquire
the currently leased facility at 3259 Valle Road, San Juan
Capistrano, California.
BioCentric President Dennis Fisher today announced the company
entered in to the letter of Intent to purchase the entire facility.
Mr. Fisher commented, "We started by leasing the top floor and
partial parking area of the two storey building earlier this year,
and now with the tremendous growth of the company we felt it
necessary to expand our corporate facilities and take advantage of
the current economic situation by acquiring this facility which
will add a substantial asset to the corporation's balance sheet.
Upon closing this will enable BioCentric, to facilitate a full size
Laboratory for ALGAE research, along with a Freeze dry and storage
center for harvested ALGAE and the possibility of a refining center
for alternative fuel production products, including Bio-Diesel and
Gasoline."
Mr. Fisher further commented, "The 1800 square foot bioreactor
is now operating in a totally 'Environmentally Green' process and
we expect to harvest the first cultures tomorrow. Production of the
second onsite closed loop Photobioreactor system is well under way
and production updates on that system should be readily available
early next week."
Relevant Links & Articles
http://business2press.com/2009/07/14/exxon-mobil-announces-first-real-clean-energy-investment/
www.nationalalgaeassociation.com
www.biocentricenergy.com
www.biocentricenergyalgae.com
www.emerginggreencompanies.com
About BioCentric Energy Holdings, Inc.
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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http://vodnewswire.com/vodnewswire/news/biocentric-energy-20090804b/
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Dale Baeten BioCentric Investor Relations Office:
920-273-7941
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