Thursday, December 24, 2009 9:04:14 AM
BioCentric Energy Holdings, Inc. Shareholder Update
Monday 12/21/2009 6:01 AM ET - Market Wire
"...The company has modified the merger agreement with corporate ally "Renewed World Energies," based in Georgetown, South Carolina to that of a Joint Venture (JV) agreement. Mr. Fisher commented, "The terms of the JV agreement are more realistic to work with from a Geographic standpoint at this time. Simultaneously with the construction of the Santa Ana, California closed loop system, the companies will be constructing a BioCentric second-generation closed loop system at Renewed Energies' Georgetown facility. The simultaneous production and completion of both systems is designed to expedite the scientific research for new ALGAE strains along with the expedited production of the existing orders. Both companies are currently working together to finalize the new Omega 3 with EPA ALGAE strain."
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