Bioelectronics Corp (BIEL)

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STADA a $3.5 billion company in business for 125 years did their DD on ActiPatch

STADA decided to move forward with distribution in 2 small markets, Saudi Arabia and Bahrain. This was most likely a Test Market for STADA to gauge consumer interest in ActiPatch.

5 months later STADA has signd a new distribution agreement with BIEL. No specifics on what countries are involved yet, STADA sells in 120 countries, but BIEL states, "We are now in the process of meeting the demand for their first order."

BIEL and ActiPatch have value and STADA's distribution agreement with them proves that fact.