SANTA ANA, Calif., Oct. 5, 2010 (GLOBE NEWSWIRE) -- BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) President, Monique Berry provided the following shareholder update:
The deployment and installation of BEHL'S PBR systems (which includes, bags, corners, pumps, skids etc.) in Death Valley Junction, CA, has been in progress now for 3 consecutive weeks. During this process, the BioCentric Energy Technical Team has been developing procedures and protocols to improve productivity for future sites. BEHL Founder and Chairman of the Board, Dennis Fisher, stated, "We anticipate that each site will have its own unique challenges. I remain pleased with the progress being made thus far on this site and believe that DVJ was the perfect place to start. In fact, Death Valley Junction is proving to be such an ideal location for our PBR systems and algae production, that we are beginning the excavation of the next 4 acres." Fisher further stated, "We would like to thank the Inyo County officials, many of whom have visited our DVJ site after receiving calls from BEHL shareholders inquiring about our progress. Inyo County has been extremely helpful and supportive in the Company's efforts to complete the Death Valley Junction site and the restoration of this historic town." The Company is in the planning stage of allocating each alga strain to a specific CAB (controlled algae basin) on the DVJ site. At this time, CAB #1 will be used to cultivate Haematococcus. In CAB #2 and #3 the Haematococcus will be stressed in order to produce Astaxanthin. CAB #4 will be inoculated with a strain containing omega-3 with EPA to begin fulfilling the Company's contract for omega-3.
The accelerated weather testing on the Company's plastic tubing is now complete. BEHL's plastic tubes were placed in a machine that emulated 24 months in high temperatures and direct sunlight. The plastic did not show any signs of discoloration or degradation. The Company has decided to continue using this material for future sites and will utilize the expertise of a local manufacturer with the ability to increase the tube thickness by 25%.
Concerning clients and contracts: the Company has received an additional letter of intent from a Native American Indian Tribe located in Maricopa County, Arizona. BEHL's Marketing Director, Marla Kennedy, has contacted twelve elected government officials and forwarded formal invitations to tour the DVJ facility in October. The Company's business plan and proposal to the state of Utah is being forwarded to Utah's Governor for consideration. Timelines for the Hawaiian project are in process and components will be ordered in the next couple of weeks.
Last Thursday, September 30, BEHL President, Monique Berry, along with Algae Specialist Domini Maddox and Analyst Judy Quang, traveled to UC Berkeley to meet with Dr. Melis. The meeting was highly productive and informative. It is the Company's intention to finalize a statement of work with Dr. Melis and UC Berkeley this week. Ms. Berry stated, "We will rely upon the experience and expertise of Dr. Melis and his team to help support and maximize our commercial production of Haematococcus for the valuable Astaxanthin."
The search for a seasoned CEO for BioCentric Energy is still in process. This candidate will have extensive construction experience and the ability to oversee and manage multi-million dollar projects.
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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. Monique Berry, President 714-966-1234 www.biocentricenergy.com