BioCentric and RWE Announce Algae Products P.O. in Excess of $6 Million
SAN JUAN CAPISTRANO, CA and GEORGETOWN, SC — (Marketwire) — 11/03/09 — BioCentric Energy Holdings, Inc. and Renewed World Energies (PINKSHEETS: BEHL) today confirmed the companies are in receipt of combined purchase orders for both ALGAE Bio Mass and ALGAE Oil products totaling in excess of Six Million Dollars.
The newly combined companies today made the announcement confirming the first one-acre-sized combined closed loop photobioreactor systems which will be based at the Georgetown, SC facility to accommodate and start the purchase order production. The company will increase the acreage in modular increments to facilitate the completion of the purchase orders. RWE has expansion access to adjacent properties of over 20 acres for ALGAE farm productivity with a possible additional 300 acres when required. The terms of the current purchase orders in hand are for full completion by December 2010. The first modular combined closed loop systems are expected to be operational by the end of this year.
Dennis Fisher and his executive staff are today meeting at the Georgetown, South Carolina location with RWE’s Richard Armstrong and his executive team to finalize the terms of the consolidated business and marketing plan for the newly structured company. Today’s meeting should also result in new appointments to the Board of Directors.
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