BioCentric Signs a Master Services and Teaming Agreement With Gruppo Oil and Energy, LLC
September 03 2009 - 2:11PM
Marketwired
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced
the following shareholder information:
The company released today the execution of a Master Services
and Teaming Agreement between Gruppo Oil and Energy, LLC and
BioCentric Energy. BioCentric has received an earnest money deposit
that will be held in escrow until BioCentric delivers an inclusive,
and comprehensive Plan of Action for the initial ten acre Algae Pro
Photobioreactor in Inner Mongolia. BioCentric will also receive
onsite management and VPN management fees as well as a royalty
payment for achieved results and a commission in the event of
BioCentric securing the offtake agreement. BioCentric shall also
have a small ownership stake in the facility.
Mr. Dennis Fisher, CEO of BioCentric, stated today, "We
appreciate the opportunity to deliver our cold weather solution to
Inner Mongolia. Being adjacent to the MSW incineration facility
will provide both the heat and CO2 source to maintain our solution
and the sorghum being provided for our solution will offset the low
PAR data. It is our intent at this time to explore several
different strains of algae for maximum profitability."
Relevant Links & Articles
www.biocentricenergy.com
www.biocentricenergyalgae.com
www.iimsam.org
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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