BioCentric Energy President Provides Important Shareholder Updates
23 June 2010 - 3:29AM
Monique Berry, President, and Board Member of BioCentric
Energy Holdings, Inc. (Pink Sheets
:BEHL),
today announced the following Important Shareholder and Investor
Updates:
Ms. Berry stated today, "I am pleased to announce the following
updates to our valued shareholders & Investors:
1) Prior to the expiration of the Company's 90-day
mandatory probationary review for all employees, Dr. Brian Goodall
tendered his resignation effective as of June 21st, 2010 as
BioCentric Energy's Chief Executive Officer. In the interim,
Founder and Chairman of the Board, Dennis Fisher will resume the
responsibility as CEO while the Company seeks a qualified candidate
to fill this position.
2) Today, Dennis Fisher, Pat Kuykendall, Brendon Paxton and
several others will be on site and working in Death Valley
Junction. The team will deploy the liners and components of the CAB
(controlled algae basin) that will house the PBR system. The
installation of the 4 liners (encompassing 1 acre) is expected to
be completed by Wednesday, June 23rd.
3) For the past several months, BioCentric Energy has been
growing a multitude of algae strains in the Company's Santa Ana
laboratory. While some algae strains are grown for their Omega- 3
(EPA), others are being grown for their health and beauty
properties. Because several strains are thriving so well in the
laboratory, BioCentric Energy decided to construct a scaled-down
gravity fed PBR system (located next to the commercial demo system
in Santa Ana, CA) to quickly test the growth rate of several
strains in an outdoor closed-loop PBR system."
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.
The BioCentric Energy Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7468
CONTACT: BioCentric Energy Holdings, Inc.
Monique Berry, President and Board Member
714-966-1234
www.biocentricenergy.com
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