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BioElectronics Corporation - Substantial International Expansion Producing Sustained Revenue Growth-Company Reaches Monthly Break Even
Date:5/22/2008

many things internally within BioElectronics -- we have developed new and exciting products, hired additional sales staff that has resulted in significantly more user acceptance within the plastic surgery market -- these developments pale in comparison to what is happening internationally. Below is a summary of the current state of our international distribution:

First of all, we believe it is important to point out to our investors that we have taken considerable care in selecting our international distribution partners. These partners have substantial contacts in the countries where they do business and all are established operators. Most importantly, however, is that all of these partners have a lot on the line with BioElectronics and real money in the balance. We have been careful not to sign any international distributor that could not afford to carry our products and to purchase inventory in advance. We believe this should allow us to distribute our products into these countries with only a minimal amount of our own working capital at risk. We believe this is the best methodology to follow and it certainly appears it is one that is starting to pay exciting dividends for the company.

Canada -- As many of our investors know, BioElectronics received full Health Canada certification for muscular skeletal complaints, which allows us to market our products over the counter throughout Canada. We feel this is a very exciting development for BioElectronics and we took advantage of this development by signing a deal with one of the leading distributors of healthcare products in Canada, Locin Industries Ltd. We announced last week that Locin will be placing many of our products in stores across Canada this summer. We are happy to say the first shipment, of what we hope to be many shipments, has already left our loading dock and is currently on the way to Canada.

Italy -- We also recently announced that we had received a major order from our Italian d
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