FREDERICK, Md., Oct. 30 /PRNewswire-FirstCall/ -- BioElectronics Corporation, (Pink Sheets: BIEL), announced today that it has received the 2007 Economic Development Innovator of the Year Award. The award was bestowed by the Frederick County Office of Economic Development at the annual Economic Development Business reception. During the presentation a short film was played to introduce the audience to BioElectronics and its product, ActiPatch(TM).
"We were surprised and very delighted to be so honored by the Office of Economic Development. It is humbling to be recognized with such a prestigious award", said Andrew Whelan, President of BioElectronics.
The Company was also recognized as one of two graduates from the Frederick Innovative Technology Center, Inc. (FITCI), a business incubator with two locations in Frederick.
Mike Dailey, President of FITCI said, "Each of these two companies is a poster child of what a business incubator graduate is supposed to look like."
Mr. Whelan said, "We also hold FITCI in high regard. They gave us great support when we needed it and have given us encouragement as we have grown. We are proud to have been associated with the business development center."
ActiPatch(TM) is a drug-free anti-inflammatory patch with an embedded battery operated microchip that delivers weeks of continuous pulsed therapy for less than a dollar a day. The unique ActiPatch delivery system, using patented technology, provides a cost-effective, patient friendly method to reduce soft tissue pain and swelling.
For more information visit http://www.bioelectronicscorp.com
Safe Harbor Statement:
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of both companies in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
Andrew J. Whelan, President & CEO
|SOURCE BioElectronics Corporation|
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