SANTA ANA, Calif., Aug. 13, 2010 (GLOBE NEWSWIRE) -- BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) President Monique Berry today provides details on the multi-million dollar contract:
Yesterday, a multi-million dollar contract was signed between Daniel Kennedy, CEO and President of Biocen Natural Development Group (Pink Sheets:BNPD), a Nevada health drink company, and BEHL President, Monique Berry. The Nevada company, BNPD, is a public company consisting of a board of directors, a sales and marketing team and distribution outlets.
BNPD, formerly Bionic Products, Inc., is currently undergoing a formal name change to Biocen Natural Products Development, Inc. All corporate information is currently being updated and the official name change will be announced when approval has been received from the regulatory authorities.
The details of the contract between BNPD and BEHL are as followed, states Ms. Berry, "The first part of the contract is a $600,000 licensing and royalty agreement for representation of BEHL and BEHL clients for specific algaes produced. BNPD has agreed to pay BioCentric Energy in 8 equal installments commencing on September 14, 2010. As the market demand fluctuates for the end products, the licensing fee may be amended annually."
In addition to the licensing agreement, both companies have agreed upon and executed a sole and exclusive sales and marketing contract in which BNPD will purchase from BioCentric Energy and its clients 3 specific algae strains to be used in BNPD's health and nutracuetical products. "While there are thousands of algae strains to consider," stated Ms. Berry, "BNPD is in need of organic US grown strains produced in a clean and sterile environment. The low cost of BioCentric Energy's systems and high production rates will give BNPD a competitive edge with superior products." The first algae strain, Haemaotoccocus, has a current market value of $341 per kilogram. Conservatively, BEHL will produce 15,600 pounds of Haemaotoccocus over the next 12 months for BNPD. The next strain grown by BEHL and/or clients sold to BNPD will be the very popular, robust and fast growing Chlorella. The current market value for Chlorella is $44 per kilogram. BioCentric Energy will deliver to BNPD, 12,000 pounds of Chlorella over the next 12 months. Finally, the highly popular algae known for its antioxidant and anticancer properties, Spirulina, will also be produced and delivered to BNPD. The current market value for Spirulina is $20 per kilogram. BioCentric Energy plans to produce and deliver approximately 22,500 pounds of Spirulina over the next 12 months.
"When calculating the total value of this contract," stated BEHL Founder, Dennis Fisher, "it is astronomical to say the least. A one-acre PBR system alone will produce approximately $5 million worth of Haemaotoccocus in a 12 month period. The market demand for these algae strains has steadily increased over the past 3 years even though they are being imported from oversees and grown in open pond systems. Our ability to quickly deploy our PBRs systems for clients in the USA and begin producing such a valuable commodity in growing market this year should propel BioCentric Energy to the next level."
As per the contract, BNPD and BEHL shall equally fund and equally participate in revenues generated in the laboratory extraction process of Phycocyanin from Spirulina. The exact location of this new laboratory for this specific purpose shall be determined and disclosed when the location has been finalized.
Biocen Natural Development Group plans to launch its dynamic new website early next week.
The entire BioCentric Energy team is looking forward to meeting our shareholders, investors and potential clients next week at the Company's open house on Saturday, August 21st at 12:00pm. Registration is required for the event and can be made through the Company's website (http://www.biocentricenergy.com/">www.biocentricenergy.com)
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.