Bioelectronics Corp (BIEL)

[kidnova]

If the PR is accurate, then this arrangement is different than the one previously entered into with EX-IM. In 2009 it was simply a guaranty and insurance arrangement, whereas this was specifically PR'd as a Line of Credit meaning they would be be receiving direct funding as opposed to guaranties. So, you're right that they have had a relationship with the EX-IM bank for some time, but it appears to have expanded.

I still wonder how much of that $500K is actually available for use, but there's no way to know that unless they disclose it in the financials later.