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Sunday, October 11, 2009 8:37:44 PM
Biocentric President, Dennis Fisher today commented," Biocentric has reached an agreement with a Nevada domiciled fully reporting company which will enable Biocentric to emerge as a fully reporting OTC Bulletin Board company.
The basic terms of the merger comprise of:
The OTC:BB company will be named BioCentric Global Solutions, Incorporated
" BioCentric Global Solutions, Incorporated "
1) Will acquire all of the assets of Biocentric Energy Holdings, Inc (BEHL) For a combination of Preferred and Common Shares
2) Will acquire controlling interest of Biocentric Energy Algae, Inc (The subsidiary) For Preferred Shares.
3) Will file an S1 Registration document for approval to issue One Free Trading Bonus share of common stock to existing BEHL shareholders for every Ten shares of BEHL shares owned as of a record date, to be determined.
The merger process has already begun and regular progress reports will be made available by public notice including the record date of qualification, the new trading symbol and the bonus shares distribution date.
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