BEHL - Sitting At Support

BEHL pulled a modest gain out of its hat today and now rests just above some significant support at $.06. Much like our SRSR post yesterday, BEHL needs to remain above $.06 to gain traction for a test of the recent highs.


Today's news release might provide some kindling for the next move higher.


BioCentric Energy Investor & Shareholder Update

SAN JUAN CAPISTRANO, CA, Aug 17, 2009 (MARKETWIRE via COMTEX) -- BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the following shareholder information updates:

BioCentric President Dennis Fisher today commented, "BioCentric has achieved tremendous growth over the past few months, and is in the midst of finalizing multiple licensing contracts along with the production of alternative fuels and animal nutritional food supplements at the San Juan Capistrano, facility. In an effort to keep both Investors and shareholders abreast of the current status, I am issuing this brief update of the current status of BioCentric's activity and operations."

CORPORATE FACILITY:

The company has signed an LOI and hired a MIA to fully valuate the San Juan Capistrano facility, at a significant discount to the original purchase price of the property. Upon completion of the purchase, the company will be restructuring the facility to include administrative offices, on site Laboratory for extensive testing, research and development of multiple ALGAE strains for development of Alternative clean burning fuel products, animal food supplements, and nutritional products supplements. The company has purchased several types of processing and refinery equipment for the production of alternative fuels and the equipment is expected to arrive at the facility later this week.

LICENSING:

Company COO Dennis Shen is currently in Asia, in the process of finalizing negotiations with a large Chinese company for the exclusive Chinese licensing rights of the company's closed loop Photobioreactor system. Whilst in China Dennis Shen secured the manufacturing contract for the company's patent pending 180 degree curve component of the closed loop system. Dennis Shen will be returning to the USA at the end of the month.

Earlier this month a senior Korean official visited the company's facility in California with a view to licensing the closed loop system for exclusive use in Korea. The negotiations are currently under way for the exclusive Korean license.

The company has an LOI in place from a large Las Vegas company, for the license and manufacturing of a multiple acre system in the Las Vegas area for the production of Bio-Diesel for the company's fleet of commercial vehicles and heavy plant equipment.

Several LOIs for closed loop system territory licenses are on file and in the process of being finalized which will result in revenues, construction profits and residual income for the company during the 3rd Quarter.

BioCentric expects to have a signed agreement later this week with a large Publicly Traded southern California development company for the design, construction and funding of BioCentric's licensed closed loop systems worldwide.

PRODUCTION UPDATES:

The company earlier this week started harvesting the ALGAE from the 1800 square feet onsite system which significantly exceeded production and quality expectations, and with the arrival of the processing equipment Bio-Diesel fuel production will begin later this week along with the production of animal nutritional products ready for distribution. Samples of the animal food supplements have been submitted to a professional laboratory for analysis and reports which will enable the company to supply the final products to retail animal supply stores across the USA.

The growth pattern was enhanced by a nutritional injection into the ALGAE last week which has improved both production times and quality and now requiring the system to be in a constant harvesting mode.

The company is also avidly pursuing raw land for the creation of ALGAE farms in the San Juan Capistrano region to further expand the ALGAE production outputs for both alternative fuels and nutritional supplements.

BROADCAST:

Dennis Fisher conducted an interview on Public Radio earlier this week on the uses and applications of ALGAE using the closed loop system, this broadcast can be heard on the following link: http://diegoradio.com/wp-content/uploads/08-11-09.mp3

INVESTOR INTERESTS:

The company has been reported on the NASDAQ short list report for six straight days now, which confirms the significant short position in the company's tradable stock. Legal Council has been retained for investigation and recourse to pursue the parties involved and ensure the regulatory authorities pursue the parties involved.

The company is still moving forward with its plans to advance the company to the Bulletin Board emerging as a fully reporting entity in the very near future.

Relevant Links & Articles

www.biocentricenergy.com

www.biocentricenergyalgae.com

About BioCentric Energy Holdings

Biocentric Energy Holdings, Inc. is dedicated to the development of new technologies as well as acquiring and fostering companies with innovative technologies designed to provide unique and effective green energy solutions for the 21st century. Along with the cultivation of important relationships and partnerships with synergistic entities, BioCentric Energy has devoted substantial time and effort in research and development in order to bring a range of innovative green alternatives to the marketplace.

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.