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BNPD News -- BioCentric Energy Signs Multi-Million Dollar Contract With Biocen Natural Products Development Group)

Friday, August 13, 2010 9:18 AM

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News for 'BNPD' - (BioCentric Energy Signs Multi-Million Dollar Contract With Biocen Natural Products Development Group)


SANTA ANA, Calif., Aug 13, 2010 (GlobeNewswire via COMTEX) -- BioCentric Energy
Holdings, Inc. (Pink Sheets:BEHL) President Monique Berry today provides details
on the multi-million dollar contract:

Yesterday, a multi-million dollar contract was signed between Daniel Kennedy,
CEO and President of Biocen Natural Development Group (Pink Sheets:BNPD), a
Nevada health drink company, and BEHL President, Monique Berry. The Nevada
company, BNPD, is a public company consisting of a board of directors, a sales
and marketing team and distribution outlets.

BNPD, formerly Bionic Products, Inc., is currently undergoing a formal name
change to Biocen Natural Products Development, Inc. All corporate information is
currently being updated and the official name change will be announced when
approval has been received from the regulatory authorities.

The details of the contract between BNPD and BEHL are as followed, states Ms.
Berry, "The first part of the contract is a $600,000 licensing and royalty
agreement for representation of BEHL and BEHL clients for specific algaes
produced. BNPD has agreed to pay BioCentric Energy in 8 equal installments
commencing on September 14, 2010. As the market demand fluctuates for the end
products, the licensing fee may be amended annually."

In addition to the licensing agreement, both companies have agreed upon and
executed a sole and exclusive sales and marketing contract in which BNPD will
purchase from BioCentric Energy and its clients 3 specific algae strains to be
used in BNPD's health and nutracuetical products. "While there are thousands of
algae strains to consider," stated Ms. Berry, "BNPD is in need of organic US
grown strains produced in a clean and sterile environment. The low cost of
BioCentric Energy's systems and high production rates will give BNPD a
competitive edge with superior products." The first algae strain,
Haemaotoccocus, has a current market value of $341 per kilogram. Conservatively,
BEHL will produce 15,600 pounds of Haemaotoccocus over the next 12 months for
BNPD. The next strain grown by BEHL and/or clients sold to BNPD will be the very
popular, robust and fast growing Chlorella. The current market value for
Chlorella is $44 per kilogram. BioCentric Energy will deliver to BNPD, 12,000
pounds of Chlorella over the next 12 months. Finally, the highly popular algae
known for its antioxidant and anticancer properties, Spirulina, will also be
produced and delivered to BNPD. The current market value for Spirulina is $20
per kilogram. BioCentric Energy plans to produce and deliver approximately
22,500 pounds of Spirulina over the next 12 months.

"When calculating the total value of this contract," stated BEHL Founder, Dennis
Fisher, "it is astronomical to say the least. A one-acre PBR system alone will
produce approximately $5 million worth of Haemaotoccocus in a 12 month period.
The market demand for these algae strains has steadily increased over the past 3
years even though they are being imported from oversees and grown in open pond
systems. Our ability to quickly deploy our PBRs systems for clients in the USA
and begin producing such a valuable commodity in growing market this year should
propel BioCentric Energy to the next level."

As per the contract, BNPD and BEHL shall equally fund and equally participate in
revenues generated in the laboratory extraction process of Phycocyanin from
Spirulina. The exact location of this new laboratory for this specific purpose
shall be determined and disclosed when the location has been finalized.

Biocen Natural Development Group plans to launch its dynamic new website early
next week.

The entire BioCentric Energy team is looking forward to meeting our
shareholders, investors and potential clients next week at the Company's open
house on Saturday, August 21st at 12:00pm. Registration is required for the
event and can be made through the Company's website (www.biocentricenergy.com)

The BioCentric Energy Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7468

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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: BioCentric Energy Holdings, Inc.


By Staff

CONTACT: CONTACT: BioCentric Energy Holdings, Inc.

Monique Berry, President

714-966-1234

www.biocentricenergy.com




(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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INDUSTRY KEYWORD: Biotechnology

SUBJECT CODE: ENERGY

CONTRACTS

Business Contracts

Source: Comtex Wall Street News