SALT LAKE CITY, UT -- (Marketwire) -- 03/24/11 -- 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.'