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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001263279-08-000034.txt : 20080206
<SEC-HEADER>0001263279-08-000034.hdr.sgml : 20080206
<ACCEPTANCE-DATETIME>20080206165000
ACCESSION NUMBER:		0001263279-08-000034
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080206
DATE AS OF CHANGE:		20080206

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BION ENVIRONMENTAL TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000875729
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE CHEMICALS [2870]
		IRS NUMBER:				841176672
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-58927
		FILM NUMBER:		08581934

	BUSINESS ADDRESS:	
		STREET 1:		641 LEXINGTON AVENUE
		STREET 2:		17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(212) 758-6622

	MAIL ADDRESS:	
		STREET 1:		641 LEXINGTON AVENUE
		STREET 2:		17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RSTS CORP
		DATE OF NAME CHANGE:	19930328

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTERPOINT CORP
		CENTRAL INDEX KEY:			0001004650
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTORCYCLES, BICYCLES & PARTS [3751]
		IRS NUMBER:				133853272
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		299 PARK AVE
		STREET 2:		16TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171
		BUSINESS PHONE:		2124864444

	MAIL ADDRESS:	
		STREET 1:		375 PARK AVE
		STREET 2:		STE 1606
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MOTO GUZZI CORP /DE/
		DATE OF NAME CHANGE:	19990611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTH ATLANTIC ACQUISITION CORP
		DATE OF NAME CHANGE:	19970515

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ORION ACQUISITION CORP I
		DATE OF NAME CHANGE:	19951221
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>centerpoint.txt
<DESCRIPTION>BION ENVIRONMENTAL TECH / CENTERPOINT CORP 13G
<TEXT>
                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                 SCHEDULE 13G
                                (Rule 13d-102)

                   Under the Securities Exchange Act of 1934

                      BION ENVIRONMENTAL TECHNOLOGIES, INC.
                      -------------------------------------
                                (Name of Issuer)


                          Common Stock, $.0001 Par Value
                          ------------------------------
                          (Title of Class of Securities)


                                    09061Q307
                                  --------------
                                  (CUSIP Number)


                                 December 31, 2007
            -------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

      [ ]  Rule 13d-1(b)
      [ ]  Rule 13d-1(c)
      [X]  Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).












                              SCHEDULE 13G

     CUSIP No.  09061Q307

1   NAME OF REPORTING PERSON

        Centerpoint Corporation

2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                              (a) ---
        Not applicable                                        (b) ---

3   SEC USE ONLY




4   CITIZENSHIP OR PLACE OF ORGANIZATION

        USA

Number of Shares Beneficially Owned by Each Reporting Person With

5   SOLE VOTING POWER

        693,799

6   SHARED VOTING POWER

        0

7   SOLE DISPOSITIVE POWER

        693,799

8   SHARED DISPOSITIVE POWER

        0

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        693,799

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
    (See Instructions)

        Not applicable

11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

        7.7%

12  TYPE OF REPORTING PERSON (See Instructions)

        CORP


                                      2





Item 1.

     (a)  Name of Issuer:  Bion Environmental Technologies, Inc.

     (b)  Address of Issuer's Principal Executive Offices:

               641 Lexington Avenue, 17th Floor
               New York, NY  10022

Item 2.

     (a)  Name of Person Filing:  Centerpoint Corporation

     (b)  Address of Principal Business Office or, if none, residence:

               641 Lexington Avenue, 17th Floor
               New York, NY  10022

     (c)  Citizenship:  USA

     (d)  Title of Class of Securities:  Common Stock, $.0001 par value

     (e)  CUSIP No.: 09061Q307

Item 3.  If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b),
         check whether the person filing is a:

         Not applicable.

Item 4.  Ownership.

     (a)  Amount Beneficially Owned:  693,799

     (b)  Percent of Class:  7.7%

     (c)  Number of shares as to which such person has:

          (i)  sole power to vote or to direct the vote:        693,799 (1)
         (ii)  shared power to vote or to direct the vote:            0
        (iii)  sole power to dispose or to direct the
               disposition of:                                  693,799 (1)
        (iv)   shared power to dispose or to direct the
               disposition of:                                        0
______________

(1)  Centerpoint Corporation is currently majority owned by Bion Environmental
Technologies, Inc.  Under Colorado law, Centerpoint Corporation is not
entitled to vote these shares unless otherwise ordered by a court.  These
shares of common stock may be distributed to the shareholders of Centerpoint
Corporation at a future date pursuant to a dividend declared during July 2004.
The shares distributed to Bion, if any, will be cancelled immediately upon
receipt.

Item 5.  Ownership of Five Percent or Less of a Class.

         Not applicable.

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

         Not applicable.
                                     3



Item 7.  Identification and Classification of the Subsidiary Which Acquired
         the Security Being Reported on by the Parent Holding Company.

         Not applicable.

Item 8.  Identification and Classification of Members of the Group.

         Not applicable.

Item 9.  Notice of Dissolution of Group.

         Not applicable.

Item 10. Certification.

         Not applicable.


                                  SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


Date:  February 6, 2008              CENTERPOINT CORPORATION


                                     By: /s/ Mark A. Smith
                                         Mark A. Smith, President






















                                       4


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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