BioElectronics Corporation Retains Scarsdale Equities LLC to Explore Strategic Alternatives

FREDERICK, MD--(Marketwire - February 01, 2011) - BioElectronics Corp. (PINKSHEETS: BIEL), the maker of inexpensive, disposable drug-free anti-inflammatory devices, is pleased to announce it has retained Scarsdale Equities LLC as its financial advisor to explore various strategic alternatives.

"We have built a unique broad portfolio of medical products. Our Board of Directors believes the timing is optimal for us to fully analyze all of our strategic options," commented Andrew Whelan, CEO of BioElectronics. "We are very pleased to have retained Scarsdale Equities as our advisory firm."

About Scarsdale Equities LLC

Scarsdale Equities LLC is an institutional broker/dealer located in New York City. The firm's services include investment banking, institutional equity brokerage, discretionary account management, and start-up consulting and advisory services for money managers. Special investment banking focus is devoted to: 1) extractive industries, including oil and gas, energy services, and mining of precious metals, base metals, and fertilizers, 2) healthcare financing, in which Scarsdale has built a healthcare group staffed by professionals with extensive formal education and experience in the medical devices, diagnostics and therapeutics fields, 3) specialty real estate, and 4) alternative energy. The firm is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corp. (SIPC). The firm's website is located at www.scarsdale-equities.com.

About BioElectronics Corporation

BioElectronics Corporation is an award winning medical device developer and manufacturer of advanced medical devices. The Company's product offering includes ActiPatch® Therapy for over-the-counter treatment of back pain and other musculoskeletal conditions; the Allay™ menstrual cycle pain therapy for pain relief; and RecoveryRx for surgical procedure healing and wound care. The Company's unique therapy delivery system uses BioElectronics' patented technology to provide a cost-effective medical and home care solution that reduces soft tissue pain and swelling. For more information on the Company and its product line, please visit www.bielcorp.com.