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BEHL NEWS Just Out!:BioCentric Signs a Master Services and Teaming Agreement With a California Based Publicly Traded Company

BEHL
$0.06
+0.01 +12.9%

Released : Friday, September 04, 2009 3:35 PM

SAN JUAN CAPISTRANO, CA -- (MARKET WIRE) -- 09/04/09 -- BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the following shareholder information:


The company today released the execution of a Master Services and Teaming Agreement between a California based publicly traded "Green" orientated technology company and BioCentric Energy Holdings, Inc. The company who operate a number of "Green" technologies for alternative power and fuels worldwide has requested a non disclosure of the name and ticker symbol until the comprehensive development plan is delivered by BioCentric Energy.


Along with the executed agreement BioCentric Energy has received an earnest money deposit that will be held in escrow until BioCentric delivers an inclusive, and comprehensive Plan of Action for the initial ten acre Algae Pro Photobioreactor in Malaysia. BioCentric will also receive onsite management and VPN management fees as well as a royalty payment for achieved results and a commission in the event of BioCentric securing the offtake agreement, additionally BioCentric shall also retain a small ownership percentage of the facility.


Mr. Dennis Fisher, CEO of BioCentric, stated today, "Now that Mr. Shen has returned from China, it is my primary function within this company to bring all sales in house and develop a VAR Program to solicit business globally. The next steps with this newly contracted company are pivotal in our market to profitability. Our team looks forward to providing a complete education of our products and services with Envirotek and other VAR to adequately capture market share for our niche."


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