BioCentric Energy Investor & Shareholder Update
August 17 2009 - 6:00AM
Marketwired
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced
the following shareholder information updates:
BioCentric President Dennis Fisher today commented, "BioCentric
has achieved tremendous growth over the past few months, and is in
the midst of finalizing multiple licensing contracts along with the
production of alternative fuels and animal nutritional food
supplements at the San Juan Capistrano, facility. In an effort to
keep both Investors and shareholders abreast of the current status,
I am issuing this brief update of the current status of
BioCentric's activity and operations."
CORPORATE FACILITY:
The company has signed an LOI and hired a MIA to fully valuate
the San Juan Capistrano facility, at a significant discount to the
original purchase price of the property. Upon completion of the
purchase, the company will be restructuring the facility to include
administrative offices, on site Laboratory for extensive testing,
research and development of multiple ALGAE strains for development
of Alternative clean burning fuel products, animal food
supplements, and nutritional products supplements. The company has
purchased several types of processing and refinery equipment for
the production of alternative fuels and the equipment is expected
to arrive at the facility later this week.
LICENSING:
Company COO Dennis Shen is currently in Asia, in the process of
finalizing negotiations with a large Chinese company for the
exclusive Chinese licensing rights of the company's closed loop
Photobioreactor system. Whilst in China Dennis Shen secured the
manufacturing contract for the company's patent pending 180 degree
curve component of the closed loop system. Dennis Shen will be
returning to the USA at the end of the month.
Earlier this month a senior Korean official visited the
company's facility in California with a view to licensing the
closed loop system for exclusive use in Korea. The negotiations are
currently under way for the exclusive Korean license.
The company has an LOI in place from a large Las Vegas company,
for the license and manufacturing of a multiple acre system in the
Las Vegas area for the production of Bio-Diesel for the company's
fleet of commercial vehicles and heavy plant equipment.
Several LOIs for closed loop system territory licenses are on
file and in the process of being finalized which will result in
revenues, construction profits and residual income for the company
during the 3rd Quarter.
BioCentric expects to have a signed agreement later this week
with a large Publicly Traded southern California development
company for the design, construction and funding of BioCentric's
licensed closed loop systems worldwide.
PRODUCTION UPDATES:
The company earlier this week started harvesting the ALGAE from
the 1800 square feet onsite system which significantly exceeded
production and quality expectations, and with the arrival of the
processing equipment Bio-Diesel fuel production will begin later
this week along with the production of animal nutritional products
ready for distribution. Samples of the animal food supplements have
been submitted to a professional laboratory for analysis and
reports which will enable the company to supply the final products
to retail animal supply stores across the USA.
The growth pattern was enhanced by a nutritional injection into
the ALGAE last week which has improved both production times and
quality and now requiring the system to be in a constant harvesting
mode.
The company is also avidly pursuing raw land for the creation of
ALGAE farms in the San Juan Capistrano region to further expand the
ALGAE production outputs for both alternative fuels and nutritional
supplements.
BROADCAST:
Dennis Fisher conducted an interview on Public Radio earlier
this week on the uses and applications of ALGAE using the closed
loop system, this broadcast can be heard on the following link:
http://diegoradio.com/wp-content/uploads/08-11-09.mp3
INVESTOR INTERESTS:
The company has been reported on the NASDAQ short list report
for six straight days now, which confirms the significant short
position in the company's tradable stock. Legal Council has been
retained for investigation and recourse to pursue the parties
involved and ensure the regulatory authorities pursue the parties
involved.
The company is still moving forward with its plans to advance
the company to the Bulletin Board emerging as a fully reporting
entity in the very near future.
Relevant Links & Articles
www.biocentricenergy.com
www.biocentricenergyalgae.com
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.
VOD Newswire Video Format:
http://vodnewswire.com/vodnewswire/news/biocentric-energy-20090817/
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