updated 9/23/2010 1:46:10 PM ET 2010-09-23T17:46:10

SANTA ANA, Calif., Sept. 23, 2010 (GLOBE NEWSWIRE) -- BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) President Monique Berry provided the following shareholder update:

Ms. Berry stated, "The installation of the Company's commercial closed loop photobioreactor systems this week in Death Valley Junction, California is progressing extremely well. The first quarter or CAB (controlled algae basin) is anticipated to be complete today. The team has been digging the necessary trenches for the water lines and tubing, setting guide wire, installing tanks, welding electrical skids for the motors and the PLC.

"Renovations and work on the DVJ building are underway and much progress has been made over the past two weeks. The metal building is being cleaned out this week and minor repairs will commence as early as next week. Once cleaned, this building will be restored to its historical state and will house an on-site laboratory and gift shop. The modular building has been completely stripped and is being remolded to facilitate an onsite office and guest quarters. A satellite and video camera were installed in DVJ last weekend allowing the Company to remotely monitor the entire site from anywhere in the world." 

"Today, Dennis Fisher, Chairman of the Board for BEHL, has traveled out of state to meet with representatives of a very large nutraceutical company interested in utilizing the Company's PBR systems to produce commercial volumes of algae for their nutraceutical products. 'This is a very promising opportunity,' stated Ms. Berry. 'We've had several conference calls with this potential client over the past two weeks and believe that their interest in moving forward is immediate. It could be a very synergistic relationship and I look forward to receiving feedback from Dennis Fisher later today following his meeting.'

"At the BEHL headquarters, R&D manager Helmut Gass has successfully developed a solution for efficiently cleaning and sterilizing the PBR systems without the need of replacing the plastic bags. Helmut's diligence and work to find a solution will significantly reduce time and cost involved in replacing plastic bags in the field.

"The laboratory staff is making significant strides over the past two weeks in scaling up large volumes of Haematococcus in the Company's cubes. This algae will be eventually transported to Death Valley Junction where it will be inoculated into the PBR systems.

"Overall, the BEHL team is very pleased with the progress being made in Death Valley Junction and is eager to move on to the Hawaiian project and others later this year."

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 the forward-looking statements.

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