BioCentric Energy Holdings, Inc. Interim Shareholder & Investor Information Updates
January 12 2010 - 11:10AM
Marketwired
BioCentric Energy Holdings (PINKSHEETS: BEHL) today released the
following Interim Shareholder & Investor Company Information
Updates:
BioCentric President & CEO Dennis Fisher today announced the
company would like to address the subject of the proposed one acre
BioCentric closed loop Photobioreactor systems, in both Leona
Valley, California and North Las Vegas, Nevada. BioCentric would
like to advise shareholders and Investors as per the press release
dated September 25, 2009, the investment groups for both the Leona
Valley, CA project, and the North Las Vegas, NV project have
currently to date been unable to provide sufficient capital to
execute the signed LOI between the companies. After recent
discussions and the start of a new fiscal year, BioCentric is
optimistic; both entities' financial goals will be achieved by the
end of spring 2010, enabling the consummation of the contracts and
the beginning of development for both closed loop systems.
January 20th, 2010 -- Senior members of the BioCentric
Management Team will be arriving in South Carolina to finalize the
JV agreements with Renewed World Energies (RWE) which include:
1) The fulfillment of currently open in-house purchase
orders.
2) Final Contracting agreements with RWE to build and maintain
BioCentric Second Generation Closed Loop Photobioreactor
systems.
3) Enhancement of the Harvesting Prototype (R & D version)
which is anticipated for completion by the end of the month.
4) Completion of filing Government grant applications through
the Department of Energy (DOE) who have significant funds set-aside
for companies such as BioCentric for ALGAE research and development
processes.
5) Collaborating on consolidated marketing materials for the
next generation of BioCentric closed loop photobioreactors.
Projected Generation II Photobioreactor Installation
timelines:
For the Generation II install at our Santa Ana Headquarters is as follows:
Ground Preparation work is already completed
Turns: Manufacturing Complete ion scheduled for January, along with an
estimated delivery by the end of the month
Air Caps: 4th Generation of engineering to be completed and delivered by
end of month
Tubing: In production, estimated delivery end of January
Pump: End of January
Algae Culture: Strains ordered in January
Harvest Unit: End of January
Website: www.biocentricenergy.com
View this release in video format:
http://www.vodnewswire.com/vodnewswire/news/biocentric-energy-20100112/
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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Contact: BioCentric Energy Holdings, Inc Dennis Fisher CEO
949-218-3258
Biocentric Energy (CE) (USOTC:BEHL)
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