; charset=UTF-8" /> Algae Fuel Company BioCentric Announces Shareholder Information Updates | Oilgae Blog

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Algae Fuel Company BioCentric Announces Shareholder Information Updates

September 2nd, 2009 | No Comments | Posted in Algae-Energy-Companies

You are at: Oilgae Blog.

Press Release

BioCentric Energy Holdings, Inc. today announced the following shareholder information updates:

The company released this week the harvesting video which showed the final dried ALGAE product which is now ready for conversion to Bio-Diesel fuel and animal nutritional products. The harvest is now a daily event at the San Juan Capistrano facility. Additional equipment has been purchased to accelerate the conversion of raw materials to dried ALGAE.

Dennis Fisher, President of BioCentric, today commented, “I would like to clarify that the San Juan facility is primarily our corporate headquarters and testing facility; the closed loop photobioreactor systems we are manufacturing on site are in fact test units for the 10 acre full scale systems the company is planning to build and operate later this year.

“The ALGAE products produced at the San Juan facility are being developed for Lab analysis and not for resale; this process will ensure the full scale systems produce the highest quality ALGAE for conversion to many all natural products.”

OTHER UPDATES:

The company is expected to finalize the agreement this week with the publicly traded development company.

Contract and licensing talks with Korean municipalities are still moving forward; announcements are expected shortly.

Contract and Licensing talks with China and surrounding areas are at LOI stage and are expected to be finalized next month.

The company has made an offer to purchase the San Juan Capistrano facility from Zion Bank; an announcement is expected later this month.

Discussions with one of the largest poultry companies in the US are moving forward as BioCentric has developed an enhanced cost effective ALGAE strain for poultry foods.

The company has finalized the agreement for the production of a company owned and operated 10 acre closed loop ALGAE Farm in Death Valley, Nevada. Production is expected to start later this year.

The company is currently in the process of negotiating for a 10 acre land parcel within the San Juan Capistrano area for the production of a company owned and operated ALGAE farm.

An announcement is imminent with the Las Vegas based development company for a multiple acre licensing agreement for BioCentric’s closed loop ALGAE photobioreactor system.

The company announced the Annual shareholder meeting will be held on February 24th, 2010 at the Monte Carlo Hotel, in Las Vegas. The meeting will run concurrently with the annual meeting of the National Algae Association at the same facility on February 25th and 26th, 2010.

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