Daily News: May 29, 2013

Ex-Im Bank Provides BioElectronics Export Financing Support

BioElectronics Corporation, the maker of advanced consumer medical devices, announced it was 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 more than 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.

BioElectronics is a developer and manufacturer of advanced medical devices.