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BioCentric Energy Announces Engagement of Independent Auditors as the First Step in Achieving Bulletin Board Listing

^{Published on 2010-05-13 03:22:00 - Market Wire}
 

SANTA ANA, CA--(Marketwire - May 13, 2010) - BioCentric Energy Holdings, Inc. (PINKSHEETS: [ BEHL ]) is pleased to announce that the Company has engaged a CPA firm who will provide an independent audit of the BEHL 2008 and 2009 year-end financial statements. The CPA firm is registered with the Public Company Accounting Oversight Board so the statements will comply with all current Securities and Exchange Commission requirements. The Company anticipates the auditors commencing work approximately May 31st, 2010 at the Company's headquarters in Santa Ana, CA. BioCentric Energy CFO Frank Rawson stated, "BioCentric Energy is working diligently to progress to an OTCBB (Over-The-Counter, Bulletin Board) stock listing and the audit is simply the first necessary step in reaching this status. This will also allow BEHL more flexibility in obtaining financing for future growth."

Yesterday, a select group from BioCentric Energy (Dennis Fisher, Chairman of the Board, Dr. Brian Goodall, CEO, Pat Kuykendall, Site Supervisor and a contracted electrician), spent the day at its first commercial site in Southern California working with two excavating companies in developing and preparing the land and assessing the available power and water resources in preparation of deployment of the Company's commercial systems.

Biocentric Energy is in advanced stage discussions with a California-based renewable energy company for the rapid deployment of its 10-acre commercial PBR systems. The anticipated deployment date of these commercial systems is 3^rd quarter 2010. Following the successful implementation of the initial 10 acres, the renewable energy company and BioCentric Energy expect to add additional PBR units on the same site and throughout California.

"The special edition of the Company's In Touch Tuesday Newsletter was so well received," stated President Monique Berry, "we have decided to post it on the BioCentric Energy website on Friday, May 14^th, 2010." Many BioCentric Energy shareholders have requested the full presentation mentioned in the newsletter and the Company will distribute the document on the same date."