BioCentric Energy Holdings Announces PBR System Install Negotiations and Joint Venture Opportunities
June 23 2010 - 6:00AM
BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) today announced
the following PBR system install negotiations and joint venture
opportunities.
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
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