SANTA ANA, Calif., May 20, 2010 (GLOBE NEWSWIRE) -- BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) Company President Monique Berry today stated, "I am pleased to announce the following updates to our valued shareholders and Investors."
1) The company's first client to purchase the BioCentric commercial "Algae Pro" closed-loop Photobioreactor has funded the second installment to BioCentric. Subsequent installments will be funded in May and June 2010. Due to the very nature of being the first commercial client BioCentric has consented to a Partnership Agreement to provide the solution from innoculant to cashing the check from the buyer of the Omega 3 with EPA. The first southern California commercial site is moving forward as planned and BioCentric Energy has executed the necessary agreements to begin excavation early as next week.
2) BioCentric's "Skunkworks" Department, operated by Patrick Kuykendall and project managed by Jason Paxton have re-engineered and built their new prototype "Pig Catcher" (a "pig" is the terminology used to describe the instrument to remove oxygen, agitate, and clean the Photobioreactor) to better meet the needs of the Algae Pro Photobioreactor. When reactivating the bio-cam, shareholders can see this unique solution that will be implemented on all future systems.
3) BioCentric CEO, Brian Goodall, along with his CEO duties will be experimenting with several blow mold tube enhancements early next week in the secondary CAB (Controlled Algae Basin) built at the Santa Ana location. If successful in utilizing this enhanced solution, the cost reduction would be considerable for all BioCentric future systems.
4) BioCentric Energy has received funding proposal documents from several companies for the provision of future capital funding to elevate BioCentric to a further advanced level of Photobioreactor production. The company has also been in negotiations with several other clients for the delivery of multiple "closed-loop systems" in California and several other states. By the end of this week, the "Management Team" comprising of Brian Goodall, Monique Berry, Frank Rawson and Dennis Fisher will decide which course of action we will implement.
5) The re-engineering for the mold has just been approved for the "U turns" for the Algae Pro Photobioreactor. In less than a month we will be able to test the new prototypes here in the third, small CAB (Controlled Algae Basin) which is built at the Santa Ana location.
6) Sales and Marketing has been working with four qualified prospects for the implantations of the BEHL Algae Farms throughout the Southwest. As progress dictates, we will inform our shareholders with additional updates.
7) BioCentric Energy President Monique Berry reached out to her former colleagues in the beauty/cosmetic industry and private label cosmetic manufacturers that utilize Omega-3s in numerous hair care products, cosmetic formulations and nutritional products. Just a few examples of some major consumer products utilizing Omega-3s today can be viewed on the Company website (www.biocentricenergy.com) under the Omega-3 products tab.
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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.