Sunday, November 08, 2009 6:17:58 PM
— 2:18 PM ET 10/14/2009
SAN JUAN CAPISTRANO, CA -- (MARKET WIRE) -- 10/14/09 -- BioCentric Energy Holdings, Inc. (BEHL
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) today confirmed the company received $500,000 Research & Development funding from a private investment group.
Company President Dennis Fisher stated, "The results of the Annual ALGAE Biomass Summit event in San Diego, California last week were just phenomenal. The serious conversations and inquiries concerning BioCentric's closed loop Photobioreactor system stemmed from leading oil companies to competitors striving to achieve similar manufacturing equipment and technological advances. The relationships and alliances established from this show should place BioCentric in a major growth position by the end of the year. The funding we received this week is from an established "Green" orientated investment group who would like to see the company further enhance the ALGAE reproductive systems both in equipment technological advances and enhanced reproductive methods such as the "Lipid Trigger."
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