BEHL Biocentric Energy Holdings Inc (CE)

Company President, Monique Berry, today stated that on June 16, 2010, BioCentric Energy Holdings signed exclusive NCNDA's (non-compete, disclosure agreements) for two potentially large international clients.

Ms. Berry announced that the first client is scheduled to travel from Hong Kong to California to visit the BioCentric Energy headquarters the first week of July. This client is in negotiations with the company to deploy 20 acres of the Company's PBR systems within the United States this year. The capital investment for this client is in the region of $5.5 million for this specific project.

The second client is traveling from Latin America and will visit the Company's Santa Ana, California headquarters in the second week of July. This client is seeking to deploy 10+ acres of PBR systems in the United States this year and subsequently 50+ acres of PBR's throughout Latin America early next year. The JV capital investment for this client is approximately $16 million. BioCentric Energy will provide an update on the international clients following the meetings in July. The Company is still moving forward and working to solidify client contracts through its VAR (value-added reseller) for tribal lands and Northern California Indian Reservation projects.

Monique Berry stated, "The Company has received an overwhelming response to an earlier PR announcing an open house at the BioCentric Energy Santa Ana, California headquarters later this summer. The BioCentric Energy team remains enthusiastic to hold this "All Green" educational event and meet the BEHL shareholders and present the PBR systems and other BioCentric advanced algae reproductive equipment. A scheduled date for this event will be announced later this month."

Ms. Berry further stated, "On Tuesday evening, additional algae inoculum was added to the commercial research PBR system at the BioCentric Energy headquarters in Santa Ana, California. Although the tubes will be upgraded in a few weeks and the system will be inoculated with new algae, the Company will continue to run this system and optimize the PLC and record the growth rates of the algae and other vital information for the continued improvement of our PBR systems."   

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. The BioCentric Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7468

CONTACT:  BioCentric Energy Holdings, Inc.
          Monique Berry, President
          714-966-1234
          www.biocentricenergy.com

Biocentric Energy (CE) (USOTC:BEHL)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Biocentric Energy (CE) (USOTC:BEHL)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024