BioCentric Energy Shareholder Updates
July 12 2010 - 9:00AM
BioCentric Energy Holdings, Inc.'s (Pink
Sheets:BEHL) Founder and Chairman of the Board, Dennis Fisher,
today announced several qualified candidates were interviewed for
the position of CEO and management has identified a seasoned
Harvard Graduate Business Professional with a proven track record
of success to assume the position with the company.
Final negotiations are scheduled to resume this week and, upon
mutual agreement of terms, the company will publicly announce the
appointment. Dennis Fisher further stated, "I believe this
professional is what BioCentric needs to move the company to the
next level."
Chairman of the Board, Dennis Fisher, today issued the following
statement regarding the U.S. Securities and Exchange Commission's
allegations that PennyStockChaser.com engaged in fraudulent stock
promotional activities. BioCentric was named by the SEC as
being one of several subjects of the PennyStockChaser's promotions:
"BioCentric did not hire, retain or authorize PennyStockChaser to
conduct any promotional activities of any kind on its behalf.
BioCentric does not condone PennyStockChaser's alleged practices as
described in the SEC complaint and supports the SEC in its efforts
to protect the interests of investors. BioCentric, over the
last year, has made extraordinary efforts to provide transparency
to their shareholders via an extensive revision of the website,
providing video cam access to the Santa Ana prototypes, Version
Four, filing all necessary information with PinkSheets to remain in
the 'Current Information' category, and provide germane informative
press releases that inform and update our shareholders." "The
company is in the process of preparing all necessary documentation
for the filing of a 15c-211 and from there to complete all
necessary filings to ultimately become a fully reporting company."
Additional Information BioCentric Energy
has received several confirmations and a good response thus far
from its shareholders regarding the August 21, 2010, open house at
the Company's headquarters in Santa Ana. Also, BioCentric
Energy has received interest from several potential clients and
vendors who anticipate attending this event. This will
provide a great opportunity for Shareholders to interact and meet
those who are helping to grow our operation. To register for
this event, please follow the BioCentric Energy website
www.biocentricenergy.com and click-on the shareholders
button. A valued VAR of the Company, Ms. Venus Brightstar
(mentioned in an earlier press release) informed the Team today
that the tedious project selection has been completed by two of her
clients (Native American tribes) and that BioCentric Energy's
projects have been approved. With extreme enthusiasm, Ms.
Brightstar stated that, "the funding process is now underway."
BioCentric Energy will continue the due diligence for these
projects to bring them to fruition. Following the installation of
the new bags at the Company's headquarters this week, the Team
anticipates traveling to Death Valley Junction to begin the
installation of the corners and bags. Also, construction on
the DVJ modular building will begin and will house the laboratory
and necessary equipment to help run the PBRs. Today, the
Company provided a letter of intent and quote to a potential client
interested in the immediate purchase of 4 acres of PBRs located on
the Death Valley Junction site. 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
714-966-1234
www.biocentricenergy.com
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