SANTA ANA, Calif., Oct. 19, 2010 (GLOBE NEWSWIRE) -- BioCentric Energy Holdings, Inc. (Pink Sheets: BEHL) COB, Dennis Fisher provided the following Projected Revenues for the Company's Five Acre Site in Death Valley Junction, California.
Management has released the following projections: The following calculations relate to the Company's specific location at DVJ, in Southern California.
| Projected Production Value of Astaxanthin per week: | |
| Gallons of Water per One (1) Acre PBR | 148,900 |
| Ounces of Algae Extracted per Gallon of Water in a one week period | X 0.03128 |
| Total System Capacity of Ounces of Algae Extraction per week | 4,658 |
| Number of Ounces in One (1) Pound | / 16 |
| Total Algae Biomass Weight in Pounds per week | 291.10 |
| Pounds in Kilograms | / 2.2 |
| Value of Biomass per Kilogram | X 341.00 |
| Total Production Value of Biomass per Week | $45,120.42 |
| PROJECTED NET REVENUE FROM PBR SYSTEMS : | |
| Number of Operating Acres (5 Acre Increments) | 5 |
| Operating Days per Year | 330 |
| Operation in weeks | 46.42 |
| Gross Projected Yearly Revenue | $10,472,450. |
| Projected Fixed and Variable Costs @ 60% = | $6,283,470. |
| Projected First Net Revenue from 5 acres in one year = | $4,188,980. |
Today the Santa Ana Algae Team prepared and forwarded two BioCentric Haematococcus product samples (one stressed, and one in replication phase) to the University of Utah for third party analysis. The results will be shared with Dr. Melis at UC Berkley for review and possible enhancement procedures. The Algae Team has also been constructing the inoculant for transport to Death Valley and simultaneously has begun the water refinement process for Number One CAB (Control Algae Basin) in Death Valley. Next week the Team will introduce the entire nutrient base and then hourly monitor for contamination. Optimum performance of no contamination will result in the introduction of the inoculant by the end of next week. The Algae Ventures Extractor is being transported to Death Valley for hook up also by the end of next week.
Founder and Chairman of the Board, Dennis Fisher, stated, "I am personally indebted to all the government agencies, both in Victorville and Independence, for their contributions to our site. Their assistance has been nothing short of remarkable. In this day and age of government problematic intervention, these officials have addressed any issues we may have had and assisted us in rectifying them to above California standards with empathy and a compassion, to create green jobs in the desert. If I had not been a participant with all the communications, I too would have had a hard time believing what true benefit these individuals have contributed to our efforts. Death Valley Junction, with its own unique challenges, with these officials, is truly a group effort for common purpose. Thank you."
Beta samples of "Vitamin X" have been delivered to Santa Ana for several qualified national distributors. The all natural product is slated for mass production by years end.
The target date for dividend distribution to all shareholders of BEHL is December 17th, 2010 for the acquisition of BEHL assets by BNPD (Pink Sheets: BNPD).
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.
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