Shareholder Update: BioCentric Energy Holdings, Inc.
March 01 2010 - 7:00AM
Marketwired
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL)
The first annual BioCentric Energy
Holdings annual shareholders Meeting conducted by the current
Board of Directors was held on Wednesday, February 24th, 2010 at
the Monte Carlo Hotel, Las Vegas, Nevada. The following quote from
the meeting was issued by Dennis Fisher, Chairman of the Board of
BioCentric Energy.
"I know what we, the Team of BioCentric have created... What we
have designed and are implementing... The first of its kind... A
remotely operated, completely automated, low cost closed loop
Photobioreactor system. We have done this by way of a combination
of professionals and an advanced scientific team who think and plan
outside of the box. My sincere thanks and gratitude are extended to
them and our partners herein. This task was accomplished with major
assistance for the Version 3 upgrade to reality, by our friends and
Joint Venture associates from South Carolina... Renewed World
Energies.
BECO Laboratories has delivered engineering and the manufacture
of exclusive components for testing and functionality. Zenxin for
multiple design modifications, engineering feasibility reviews, and
ongoing further modifications for the next 10,000 turns critical to
our exclusive system.
Our thanks further extend to Algae Ventures for their efforts to
date for an inexpensive harvesting solution and the trust they
bestowed upon us in availing their engineering to our enhancements
along with Shannon Plastics who have consistently used conception
outside of the box to deliver one off material components.
NAA President - Barry Cohen who referred to our Algae Pro
Photobioreactor solution as the 'Wal-Mart' of PhotoBioreactors. Our
first client for Omega 3 with EPA, who signed before we were
operational. And last but not least, Siemens for the PLC, with
training and support globally to monitor and maintain the variables
dictated and remotely change to optimize. It is a combination
solution that utilizes the talents of many to achieve our desired
results. Teamwork... is the ability to work as a group towards a
common vision. It is undoubtedly because of this teamwork... here
is where we are today."
BioCentric Energy Holdings (PINKSHEETS: BEHL) is a publicly held
company that designs, manufactures and sells commercial Closed-Loop
Photobioreactor systems and innovative algae culturing equipment.
Our Equipment and Monitoring System The BioCentric Energy's
commercial Closed-Loop Photobioreactor system is complete with a
state of the art, highly intuitive remote, computerized monitoring
control system.
Given the multitude of vital requirements for growing mass
quantities of contaminant free algae, only the highest quality and
most reliable CPU (Central Processing Unit) and sensors would be
acceptable. Each BioCentric Energy Closed-Loop Photobioreactor
system utilizes the preprogrammed Siemens (PLC) sensors that
receive data from the CPU to adjust the systems temperature, PH
levels, growth, nutrients, water, turbidity and several other vital
elements.
BioCenric Energy's Primary Objectives for the
Next Ninety Days are:
1. Website updates
2. Complete new laboratory in SA
3. Complete our 6500 sq ft version 3 PBRs in Santa Ana
4. Complete exact same version, 6500 sq ft version 3 PBRs in SC
5. Assemble hard asset components to Lone Star College for a small 4300 sq
ft PBRs and begin the assembly process
6. Locate and secure 150 + acres for multiple client farms at one
California location
7. Informing in detail our newly appointed CEO with all major future
BioCentric objectives
8. Completion of the $5M Capital raise
9. Complete Form 10 filing to OTC: BB requirements
10. Complete the sale of 3 inoculants reactors
11. Sell two continuous flow desktop reactors
12. Submit three provisional patents already proven by the company.
13. Hire an independent evaluator to ascertain today's perceived value on
provisional patents already received by US Patent Office
Achievable goals for the next 6 months
1. Complete two acres on our 150+ acre site
2. Sign three clients to our 150 site
3. Sign one client for a 10 acre build at their location
4. Solicit and bring in additional omega 3 contracts
5. Finalize first Solutions 28 contract
6. Sell 3 innoculant reactors
7. Sell two continuous flow desktop reactors
8. Complete Lone Star College 4300 sq ft PBRs and begin the validation
process
Projected year 2011 obtainable
objectives
1. Our goal is to have 25 acres up, running, and optimized before the next
shareholders meeting
2. To complete the assembly plant to stencil out our "Two twenty foot
containers for each acre" facility
3. To begin the up listing process to advance to the NASDAQ exchange
Projected year 2012... our achievable
goals are as follows...
1. We are the number one supplier of closed loop Photobioreactors on the
planet with over 200 acres installed, operational, and optimized for
maximum productivity
2. We are a NASDAQ company
3. We are a premiere acquisition target
4. We all have earned our way to significant profitability"
Additional News... The National Algae
Association (NAA) West Coast Chapter Workshop held at the Monte
Carlo Hotel and Casino in Las Vegas, February 25th - 26th was an
immense success. The comments received to date include "extremely
informative," to "the most enlightening and educational algae forum
to date," to "a truly edifying experience in my pursuit of
knowledge on algae." Monique Barry deserves special recognition for
her tireless efforts to deliver a quality, professional and an
interesting workshop in which all participants seemed genuinely
pleased with the results. Lisa Cohen and Patrick Kuydehal also
deserve mention for their participation in accomplishing such a
successful interaction.
View this release in video format:
http://www.vodnewswire.com/vodnewswire/news/biocentric-energy-20100301/
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: Monique Berry Executive Vice President BioCentric
Energy 714-966-1234 Website: www.Biocentricenergy.com
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