Dennis Fisher, CEO of BioCentric (BEHL) stated, "After extensive talks, and comparative data exchanges between the two companies it became apparent that major synergetic opportunities would evolve if both companies were to combine efforts to advance photo-bioreactor closed loop technology and algae reproductive systems with the advanced capability of producing power in the form of electricity, passing directly in to the 'Grid" system".

Mr. Fisher further commented," The basic agreement outlines the two companies will merge all assets and Biocentric Energy Holdings, the publicly traded company will be the surviving entity, Biocentric's name will be changed to a mutually agreeable new name, along with the filing of SEC form 10 registration document to become a reporting entity along with a form 15c-211 filing to enable the company to emerge as a fully reporting Bulletin Board company.

"The draft logistical plan for the facilities is, the Huntington Beach, California facility will be the designated Corporate Headquarters with the Research and Development arm located in Prague, Chez Republic and the Georgetown, South Carolina location will be the heavy engineering equipment manufacturing and ALGAE production unit of the consolidated companies".

Richard Armstrong President and CEO of Renewed World Energies stated," With the combined resources of RWE's heavy engineering background and experience, along with Biocentric's scientific and marketing expertise we at RWE strongly believe this can be only a win-win situation with limitless possibilities in the fields of closed loop reproductive equipment and ALGAE strain research and productivity, which we believe will ultimately lead to significant revenues and profitability for both the company and shareholders alike".

BioCentric Energy Holdings, Inc. and Renewed World Energies also announced the companies are in receipt of combined purchase orders for both algae biomass and algae oil products totaling in excess of Six Million Dollars.

The newly combined companies made the announcement confirming the first one acre sized combined closed loop photo-bioreactor 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 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. The meeting should also result in new appointments to the Board of Directors.

Biocentric Energy confirmed the Shareholder Conference call scheduled for Friday November 6th, 2009 at 9:00am PST. The conference call dial and questionnaire information will be available on the company's website on Wednesday, November 4th, or by e-mail from Danielle Petty.

Petty was recently appointed Vice President of Investor Relations for the consolidated companies and will be providing updated information via the company's websites and by way of public announcements.

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