BioCentric Energy Awarded Initial Crude Palm Oil Contracts.Company to Recognize Revenue in the 4(th) Quarter TAMPA, Fla. -- BioCentric Energy, Inc. (Pink Sheets:NCSH) ("BCEI" or "the Company"), formally Nano Chemical Systems Holding, Inc., announces the approval by the Company's Board of Directors of two Bio-feedstock contracts. The following is a brief description of the combined contracts: BCEI has executed two 12-month Crude Palm Oil (CPO (Chief Privacy Officer) An individual who manages the privacy issues within an organization. Arising out of the privacy regulations in finance and health care in the late 1990s, the CPO position eventually crossed over to all industries. ) contracts with combined value to the energy market of US$828,800,000. The Company anticipates the potential for revenue recognition in excess of $6,000,000 during the duration of the contract. Shipments will commence in November November: see month. 2007. The first shipment will be 85,000 Metric Tons (MT) of CPO. The remaining 11 monthly shipments will be 110,000 MT per month. BCEI's CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Firm will serve as paymaster with regards to the complete transaction. Mr. Dennis Fisher, Executive Vice President for BCEI stated, "Our BioCentric Energy Consortium, which represents a leading group of Bio-Diesel producers, was able to quickly and efficiently capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this opportunity. Because of BCEI's purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. and the Consortium's 'Worldwide Sourcing Network' these contracts have been executed and are in the implementation phase." Forward Looking Statements: Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. |
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