Biocentric Energy Holdings, Inc., Corporate Information Statement
January 10 2011 - 9:15AM
Marketwired
BIOCENTRIC ENERGY HOLDINGS, INC (PINKSHEETS:
BEHL)
Corporate Information Statement.
Company President, Michael E. Burton, Stockholm, Sweden today
released the following information statement for Biocentric Energy
Holdings, Inc.
The company recently suffered a dramatic series of events in
which the former board of directors abandoned the company and its
operations, causing a traumatic series of events which led to the
closure of the Santa Ana, California corporate offices.
Council has been retained to address all outstanding State and
Civil disputes along with any debt accrued in California while
under control of the company's previous management.
Professional services have been retained for the "PinkSheets"
company information filings with the intent of providing all
corporate and financial information and the revised business plan
to PinkSheets with the goal of being restored to current
information status.
The Death Valley Junction, California project has been assigned
in its entirety to joint Venture partner Arthur B. Clark III, thus
relieving Biocentric Energy of any future costs attached to
completing and operating the project.
A new qualified Board of Directors will be announced in the very
near future upon completion of all due diligence from the
qualifying candidates.
The company's new corporate facility and testing center is
located in Salt Lake City, UT and will be announced shortly.
The company website is under reconstruction and is expected to
be operational in the very near future.
Company has restored several relationships for "ALGAE" derived
product orders from the former company's operations and is striving
to fulfill the commitments for products to ensure revenues and
products.
Biocentric Energy is diversifying its operations into
Alternative Fuel and Power production operations along with the
continued production and distribution of "Algae" derived
products.
Negotiations are in process with a privately owned company with
multiple subsidiaries operating in the "Green" Energy, Power and
"ALGAE" sectors for several exclusive licensing and distribution
rights. The sectors include but are not limited to conversion of
Landfill waste to Electricity and the treatment of waste liquids
for the production of Natural Gas for both On -Road and Off-Road
fuel products.
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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