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BioElectronics Corporation Enters Into a Distribution Agreement For RecoveryRx in Spain With PRIM Group

FREDERICK, MD - (NewMediaWire) - April 06, 2022 - BioElectronics Corporation (https://www.bielcorp.com/ OTC: BIEL a developer of medical technology products, today announced that the Company has entered into a distribution agreement with Madrid / Spain based PRIM Group (www.prim.es) for the distribution of its RecoveryRx device throughout Spain.  

 

"PRIM Group in Spain serves as a perfect call point fit to provide a successful distribution of RecoveryRx in an important market in Europe,” said Kelly Whelan, President of BioElectronics.  

“Our goal is to continue expanding our network of qualified distributors with knowledgeable sales and support personnel, and in close proximity to our customers,” added Erin Sanders, Manager of International Sales for BioElectronics Corporation. 

PRIM Group is expected to provide sales, marketing, and distribution services throughout Spain for RecoveryRx.   The RecoveryRx medical device is designed to provide drug-free relief of post-surgical pain.  RecoveryRx is a single use device designed to provide 720 hours of therapy.   RecoveryRx is both US FDA cleared, and CE marked.  

About PRIM Group: PRIM is a Spanish public company that has been listed on the Stock Exchange since 1985 and adds value to the healthcare system. PRIM designs, manufactures, commercializes, installs and keeps products and equipment providing advanced solutions. PRIM provides comprehensive continuous service via its headquarter offices, two plants, seven regional offices, four warehouses and six orthopedic clinics. It develops its main activity in Hospitals, Clinics, Healthcare Centers, Health Insurances, Orthopedics, Individuals, Chiropody Centers, Chemist's, and Medical Societies.

About BioElectronics: BioElectronics Corporation is a leader in non-invasive electroceuticals and the manufacturer of industry leading disposable, drug-free, pain therapy devices for the over-the-counter treatment of back pain and other musculoskeletal complaints; RecoveryRx® Devices for post-operative pain and wound care.  For more information, visit www.bielcorp.com  

Certain information set forth in this email contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company’s current customer, supplier and other material agreements; and (viii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. 

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. 

Although forward-looking statements contained in this email are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. 

Contact:  Paul Knopick 

pknopick@eandecommunications.com 

949.697.1323