Biocentric Energy Holdings, Inc., Corporate Information Statement
25 March 2011 - 2:36AM
Marketwired
BIOCENTRIC ENERGY HOLDINGS, INC (PINKSHEETS:
BEHL)
Corporate Information Statement.
Company President Michael E. Burton today released the following
information statement for Biocentric Energy Holdings, Inc.
Since the previous Press Release on January 10th, 2011 the
company has made the following overall progress:
Biocentric has secured a satellite office location in
Scottsdale, Arizona for the pursuit of Algae derived natural health
bottled water products and for the administrative facility for the
"Waste to Green Power" division.
The company has executed a Memorandum of Understanding (MOU) for
a 2 acre secured land parcel and transfer station in the Scottsdale
area for the creation of landfill and foliage waste to Electricity
on site. Negotiations are in progress for the acquisition of the
equipment, which will process several forms of waste through a
gasification process to "Green" power which will be feed directly
in to the "Power Grid" system, resulting in monthly revenues from
the state's Power Companies. The business model also provides for
revenues from the waste disposal companies as a "tipping charge"
similar to landfill dumping charges. Negotiations are currently in
progress for the use of the technology with several other landfills
in the greater metropolitan area.
Council has been retained to address all outstanding State and
Civil disputes along with and debt accrued in California while
under control of the company's previous management.
The company recently filed the 2010 financials on "Pinksheets"
(OTC Markets) along with relevant legal opinions to restore the
company's status to current Information. The information is being
reviewed by Pinksheets and is anticipated to be at: Current
Information" status in the very near future. Pinksheets did upgrade
Biocentric from a "Stop" sign to "Yield" limited Information status
after receiving the financial information and the annual payment
dues.
Additional qualified members will be appointed to the Board of
Directors in the very near future upon completion of all due
diligence from the qualifying candidates.
The company's new corporate facility and testing center is
located in Salt Lake City, UT and will be announced shortly.
The company website is under reconstruction and is expected to
be operational in the very near future.
Biocentric Energy is diversifying its operations into
Alternative Fuel and Power production operations along with the
continued production and distribution of "Algae" derived
products.
Negotiations are still in process with a privately owned company
with multiple subsidiaries operating in the "Green" Energy, Power
and "ALGAE" sectors for several exclusive licensing and
distribution rights. The sectors include but are not limited to
conversion of Landfill waste to Electricity and the treatment of
waste liquids for the production of Natural Gas for both On-Road
and Off-Road fuel products.
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."
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