BioCentric Energy Founder Provides Important Shareholder Updates

/ Source: GlobeNewswire

SANTA ANA, Calif., Aug. 30, 2010 (GLOBE NEWSWIRE) -- BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) Founder and Chairman of the Board, Dennis Fisher, today announced the following information: Mr. Fisher stated, "This week the BioCentric Team here in Santa Ana have assembled most of the first two quarter acre installs for Death Valley Junction and will have everything completed and delivered to DVJ by Wednesday. Six Team Members and myself will be executing the install under the stars to avoid the scorching desert rays ... and we have learned how to do it right the first time from the lessons learned here in Santa Ana. Our target date for the first half acre operational is next Friday. The introduction of the inoculums is scheduled for September 15th."

"Under the supervision of Domini Maddox, our resident Algae Specialist, the full scale Photobioreactor here in Santa Ana will be sterilized this week for the introduction of Haematococcus pluvialis for our first commercialization. The PLC controlled PBR will enable our system to conservatively produce thirty pounds dry weight biomass a week."

"To raise additional capital for the ongoing commercialization of our advanced closed loop Photobioreactor System we have increased our Authorized Shares to two billion to provide options. It is the goal of this organization to earn our way into profit; however, we have already been educated as the difference between intent and ability. As has always been my pledge to our shareholders and supporters of BEHL… I will not take a paycheck nor liquidate a single share from my family's trust until we become profitable, which I believe will be by second quarter 2011. I also wanted to make it clear that I am committed to at least the next two years devoted to my personal participation of the success in BEHL."

"BNPD (Pink Sheets:BNPD) President Dan Kennedy unveiled the first of three products utilizing BEHL's Client Photobioreactor in Death Valley Junction and the working Santa Ana PBR: VITAMIN X with 20 mg of Astaxanthin from Haematococcus pluvialis. The bottling solution will be delivered from a boutique company in Pahrump Nevada with FDA approval and over 150 private label clients."

"The primary candidate for CEO for BEHL has accepted an interim position of Consultant to assist in our efforts towards profitability. This mutually beneficial relationship shall commence upon final signatures of the contract which is anticipated by week's end." 

"The efforts of Monique Berry cannot go without acknowledgement for her contributions to the development of BEHL, and the BioCentric Energy's open house last Saturday, August 21, 2010 at the Company's headquarters in Santa Ana, California. The event was a tremendous success. Potential clients, potential associations, shareholders, and supporters enjoyed a well orchestrated event that Monique and our crew were demonstrating the caliber of themselves. Well done Team."

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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.

CONTACT: BioCentric Energy Holdings, Inc. Dennis Fisher, Founder and Chairman of the Board 714-966-1234