BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced
the following corporate updates for Shareholders and Investors.
Santa Ana, California Corporate HQ Location
After numerous attempts to purchase the property in San Juan
Capistrano, it became evident the Institutional owners of the
property had their own agenda which was contrary to our need and
requirements.
The City of Huntington Beach, our first relocation choice,
provided an unprecedented number of additional roadblocks to our
goals which made it impossible for BEHL to accomplish our goals in
the necessary timelines. Unfortunately, considerable time and
expenses were allocated which did not achieve the desired
results.
BioCentric has moved into our new HQ location comprising of 6400
sq ft of administrative and laboratory space at: 2400 South Garnsey
Street, 2nd Floor, in Santa Ana, California. Ground preparations
have been completed for the next generation of 6000 sq ft of the
BioCentric Algae Pro-Photobioreactor onsite. Additional areas are
also in the process of being prepped for R & D of the next
generation Algae Pro Photobioreactors.
Death Valley Junction, California
The average temperature at this location in mid-summer is in the
region of 115 degrees, surface temperature can and does reach above
140 degrees. It is these factual statistics that, up until now,
have provided the roadblock to build our Algae Pro Photobioreactor
in Death Valley Junction. Engineering has devised a simplistic
approach to provide a low-cost cooling solution -- and on
completion of the schematics, a beta unit will be built in Death
Valley Junction to further test this solution.
Las Vegas, Nevada
Management is meeting with the decision makers in Las Vegas this
week and will announce any progress achieved. The primary issue at
this point is the client's ability to deliver the necessary funding
as per the agreement negotiated.
RWE, Georgetown, South Carolina
By the end of January 2010, the BEHL Team will be returning to
South Carolina to assist the RWE Team in building an acre of the
BioCentric Algae Pro Photobioreactor to fulfill the first in-house
purchase order of Omega 3. This collaboration is anticipated to be
the first of many as the people of RWE have shown a tremendous
knowledge base that will benefit BEHL now and into the future.
Lone Star College, Woodlands, Texas
NAA President Barry Cohen has arranged for Lone Star College to
provide land, water, and electricity for a test unit of the
BioCentric Algae Pro Photobioreactor to be assembled at the
College. Once operational, the Photobioreactor will go through a
series of verifications to quantify and ascertain exact results
which, at the third level of testing, will be independently managed
by a third party for unbiased results. Upon completion, the Algae
Pro Photobioreactor will have certification published from the
National Algae Association.
BEHL advancing to OTCBB
BioCentric CFO Frank Rawson has narrowed the field of SEC
Auditors down to three, in the coming weeks BEHL will formally
announce the selection of this crucial element in completing our
Form 10 to uplist to OTCBB. His target date for completion is
February 15th. BioCentric SEC Attorney Kristin Cano has begun the
process of completing the Form 10 registration. Ms. Cano's target
date for completion is February 20th. Additionally Tom Cleveland
has been contracted to author the updated Business Plan for BEHL.
The target date for the updated Business Plan completion is
February 5th.
Delivery Schedule
As of today, the defined timeline has been agreed upon by both
our contracted vendors and in-house personnel:
1) One innoculant "Wall Photobioreactor" is scheduled to be
completed by the third week in January; this Photobioreactor will
generate sufficient mass to seed the 6000 sq ft in Santa Ana
2) 1200 (sufficient for 4 acres) -- 180 degree "corners" will be
shipped to BEHL by the end of this month (the funds for this
purchase have already been placed in escrow for delivery)
3) The specialty designed gasket and clamp have been designed
and will be shipped to BEHL by the end of this month (the funds for
this purchase have already been placed in escrow for delivery)
4) The first mile + of custom tubing will arrive by the third
week of this month (the funds for this purchase have already been
placed in escrow for delivery)
5) The sensors for the Photobioreactor in Santa Ana are
in-house
6) The newly designed harvesting solution will be delivered to
Santa Ana by the end of the month (the funds for this purchase have
already been placed in escrow for delivery)
7) The anticipated completion build date for the 6000 sq ft in
Santa Ana is for the second week in February
8) The company website is being presently updated; anticipated
completion date is January 25th.
Projected Sources of Revenue for 2010
1) 18 "Desktop" Continuous Flow Photobioreactors in year 1
2) 24 "Wall Unit" Photobioreactors in year 1
3) 36 "Culturing Systems" in Year 1
4) 20 Acres of Algae Pro Photobioreactors in year 1
5) Management Contract for 20 Acres of Algae Pro
Photobioreactors in year 1
6) Commission for the sale of production of 20 Acres of Algae
Pro Photobioreactors in year 1
Solutions 28
The final re-write has been completed and the campaign for our
international presence is currently being finalized for execution.
This helping hand to prosperity for the recipients of our 10-acre
algae farming solution can be replicated throughout the world. The
quality and quantities can be managed remotely through a satellite
link and jobs and high value product can be generated to
profit.
Executive Vice President
Monique Barry, our Vice President of Sales and Marketing, has
accepted the additional responsibilities as the Executive Vice
President of BioCentric Energy. Ms. Barry's attributes and talented
grasp of our mission, and the path in which to succeed, make her
the perfect candidate.
VOD Newswire Video Format:
http://vodnewswire.com/vodnewswire/news/biocentric-energy-20100104/
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.
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Contact: For more information, please contact: Investor
Relations: Dale Baeten PH: 920-273-7941 Mr. Dennis Fisher CEO and
Chairman of the Board BioCentric Energy (BEHL) Email:
dennisfisher@biocentricenergy.com
http://www.BioCentricEnergyAlgae.com
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