BioCentric Energy President Provides Important Shareholder Update
20 Maio 2010 - 1:40PM
BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) Company
President Monique Berry today stated, "I am pleased to announce the
following updates to our valued shareholders and Investors."
1) The company's first client to purchase the
BioCentric commercial "Algae Pro" closed-loop
Photobioreactor has funded the second installment to BioCentric.
Subsequent installments will be funded in May and June
2010. Due to the very nature of being the first commercial
client BioCentric has consented to a Partnership Agreement to
provide the solution from innoculant to cashing the check from the
buyer of the Omega 3 with EPA. The first southern California
commercial site is moving forward as planned and BioCentric Energy
has executed the necessary agreements to begin excavation early as
next week.
2) BioCentric's "Skunkworks" Department,
operated by Patrick Kuykendall and project managed by Jason Paxton
have re-engineered and built their new prototype "Pig Catcher" (a
"pig" is the terminology used to describe the instrument to remove
oxygen, agitate, and clean the Photobioreactor) to better meet the
needs of the Algae Pro Photobioreactor. When reactivating the
bio-cam, shareholders can see this unique solution that will be
implemented on all future systems.
3) BioCentric CEO, Brian Goodall, along
with his CEO duties will be experimenting with several blow mold
tube enhancements early next week in the secondary CAB (Controlled
Algae Basin) built at the Santa Ana location. If successful in
utilizing this enhanced solution, the cost reduction would be
considerable for all BioCentric future systems.
4) BioCentric Energy has received funding
proposal documents from several companies for the provision of
future capital funding to elevate BioCentric to a further advanced
level of Photobioreactor production. The company has also been
in negotiations with several other clients for the delivery of
multiple "closed-loop systems" in California and several other
states. By the end of this week, the "Management Team"
comprising of Brian Goodall, Monique Berry, Frank Rawson and Dennis
Fisher will decide which course of action we will implement.
5) The re-engineering for the mold has just been approved
for the "U turns" for the Algae Pro Photobioreactor. In less than a
month we will be able to test the new prototypes here in the third,
small CAB (Controlled Algae Basin) which is built at the Santa Ana
location.
6) Sales and Marketing has been working with four
qualified prospects for the implantations of the BEHL Algae Farms
throughout the Southwest. As progress dictates, we will inform
our shareholders with additional updates.
7) BioCentric Energy President Monique Berry reached out
to her former colleagues in the beauty/cosmetic industry and
private label cosmetic manufacturers that utilize Omega-3s in
numerous hair care products, cosmetic formulations and nutritional
products. Just a few examples of some major consumer products
utilizing Omega-3s today can be viewed on the Company website
(www.biocentricenergy.com) under the Omega-3 products tab.
The BioCentric Energy Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7468
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.
CONTACT: BioCentric Energy Holdings, Inc.
Monique Berry, President and Board Member
714-966-1234
www.biocentricenergy.com
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