Bioelectronics Corp (BIEL)

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Adcock Ingram, Patience is Rewarded

Adcock Ingram first showed up on the BIEL radar in a November 2020 Chairman Letter.

"Two other firms have also placed orders to sell our device in the domestic OTC market. However, they have yet to distribute their products into retail and thus we are not able to identify them. With this noted, both will be receiving delivery of units in December and thus we anticipate booking sales to these customers in fourth quarter 2020. (These two customers anticipate selling into their retail markets in first quarter 2021.) Internationally, we landed a contract with Adcock, a large firm in South Africa. Adcock is now in the process of registering the product and first sales to them should occur in early 2021."

It took 2 and a half years for Adcock to fully engage in ActiPatch promotions but we now have South African TV commercials touting the advantages of ActiPatch.

There was a once in one hundred years, worldwide pandemic during this period but nobody likes excuses, right.

The next time complaints are voiced about how long Synergy or SAI have been in a holding pattern remember the Adcock Ingram story.