BioCentric Energy Announces Multi-Million Dollar Contract Has Been Signed

August 1, 2010 5:45 AM ET

SANTA ANA, Calif., July 30, 2010 (GLOBE NEWSWIRE) -- BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL): Dennis Fisher, Founder and Chairman of the Board today announced contracts for algae derived products have been finalized.

There is a correction for the time previously announced for Mr. Dennis Fisher's interview today. Today at 8:00 pm eastern daylight time, Mr. Dennis Fisher will be interviewed by Demian Russian and Dennis "Cos" Costa of Market Playground. The one-hour Blogtalk radio show can be heard live at the link below, as well as streamed or downloaded as an Mp3 after the show airs live.

http://www.blogtalkradio.com/playgroundradio/2010/07/31/playground-radio-show-11

The show will also be available on iTunes for download after the show airs live here.

http://itunes.apple.com/us/podcast/playground-radio-blog-talk/id376329230

Mr. Fisher stated, "I am pleased to announce the following updates to our valued shareholders and Investors:

"Today, President, Monique Berry signed a multi-million dollar LOI with a Nevada based public health and nutraceutical company. Due to the terms of the agreement and NDA, the company name remains confidential at this time but will be announced shortly. "The BEHL team is very pleased with the contract," states Ms. Berry. "Our buyer is not only eager to purchase commercial volumes of organic algae from BEHL and our clients, but they are thrilled to be supporting our economy and rely upon goods produced within the United States."

The BioFuels Program Director from Santa Fe New Mexico Community College, Mr. Charles Bensinger, will be visiting the BioCentric Energy headquarters next week to begin the work training program for the Company's commercial sites. BioCentric Energy is looking forward to Mr. Bensinger's arrival and believes his commitment, work and research in the algae and BioFuels industry is extremely valuable to both BEHL and the algae industry overall.

The camera for the gravity fed PBR system located at the Company's headquarters in Santa Ana, California will be turned on next week and accessible through the BioCentric Energy website. This second commercial demo system will be used to test the growth rates of varies algae strains.

Many BEHL shareholders attending the open house on Saturday, August 21st, have inquired about the agenda for this event. Attendees will have the opportunity to see the PBRs and algae equipment, review the PLC and monitoring systems, see an algae harvesting, dewatering and extraction demonstration and meet the BioCentric Energy team members at their leisure. This open forum will allow flexibility for those traveling from afar and with time constraints. Discounted hotel rates and shuttles will be available for those staying at the Hampton Inn located at 2720 Hotel Terrace Drive, Santa Ana, California, 92705, Tel: (714) 556-3838.

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.

CONTACT:  BioCentric Energy Holdings, Inc.
          Monique Berry, President
          714-966-1234 
          www.biocentricenergy.com