BioElectronics Receives Working Capital Infusion
Ex-Im Bank Provides Export Financing Support
PR Newswire
FREDERICK, Md., May 29, 2013
FREDERICK, Md., May 29, 2013 /PRNewswire/ -- BioElectronics
Corporation (OTC Pink: BIEL), the maker of advanced consumer
medical devices, is pleased to announce it has been issued a
$500,000 Line of Credit from Ex-Im
Bank to create jobs and assist with export working
capital.
The funding will enable BioElectronics to increase production of
its existing products and expand export sales
worldwide. The Company has established distribution
agreements with more than 20 distributors in over 30 countries in
Asia, Europe, Canada and Central and South
America.
"Our products have been awarded innovation awards from The Wall
Street Journal and the prestigious OTC Bulletin drugstore trade
journal and we very much appreciate the Ex-Im Bank's loan and
international accounts receivable insurance coverage," said
Andrew J. Whelan, President,
BioElectronics.
About BioElectronics Corporation
BioElectronics (www.bielcorp.com) is an award winning developer
and manufacturer of advanced medical devices. Its products are
ActiPatch® Therapy, for over-the-counter treatment of back pain and
other musculoskeletal ailments, the Allay™ Menstrual Cycle Pain
Therapy, and RecoveryRx™ for surgical procedures and wound
care.
Contact:
Paul Knopick
940.262.3584
pknopick@eandecommunications.com
SOURCE BioElectronics Corporation