As previously reported, ERBA Diagnostics, Inc. has a secured, revolving credit facility of up to $5,000,000 from Citibank, N.A. (Citibank). On February 17, 2016, the company entered into a change in terms agreement (the amendment) with Citibank, such that the maturity date of such credit facility has been extended from February 29, 2016 to June 30, 2016. Other than the extension in the maturity date of the credit facility, the terms and conditions of the credit facility remain the same.

All other agreements associated with the credit facility remain unchanged and outstanding.