Effective as of November 13, 2009, Allied Healthcare Products Inc. has terminated its revolving credit facility arrangement with Bank of America, N.A., as successor to LaSalle Bank National Association. The old credit agreement provided for borrowings of up to $10,000,000 and was available through September 1, 2010. No loans were outstanding under the old credit agreement as of November 13, 2009. On November 17, 2009, in order to obtain long term financing, the company entered into that certain loan and security agreement by and between Enterprise Bank & Trust and the Company pursuant to which the company obtained a secured revolving credit facility with borrowing availability of up to $7,500,000. The company's obligations under the new credit facility are secured by certain assets of the company pursuant to the terms and subject to the conditions set forth in the new credit agreement. The company also paid a closing fee of $20,000 in order to obtain the new credit facility. The new credit facility will be available on a revolving basis until it expires on November 17, 2010, at which time all amounts outstanding under the new credit facility will be due and payable. Advances under the new credit facility will be made pursuant to that certain revolving credit note executed by the company in favor of Enterprise Bank & Trust. Such advances will bear interest at a rate equal to 0.50% in excess of Enterprise Bank & Trust's prime-rate based interest rate for commercial loans, subject to a minimum annual interest rate of 4.50%. Interest is computed based on the actual number of days elapsed over a year of 360 days. Advances may be prepaid in whole or in part without premium or penalty. Under the new credit agreement, advances are generally subject to customary borrowing conditions. The new credit agreement also contains covenants with which the company must comply during the term of the new credit facility.

Allied Healthcare Products Inc. reported unaudited consolidated results for the first quarter ended September 30, 2009. For the quarter, the company reported loss from operations of $1,188,900, loss before provision for benefit from income taxes of $1,201,343, net loss of $744,938 or $0.09 per diluted share on net sales of $11,323,676 compared to income from operations of $317,467, income before provision for benefit from income taxes of $336,059, net income of $208,357 or $0.03 per diluted share on net sales of $14,441,011 for the same period a year ago.

Allied Healthcare Products Inc., Annual General Meeting, Nov 13, 2009, at 09:00 US Central Time. Location: Corporate Headquarters of Allied Healthcare Products Inc., 1720 Sublette, St. Louis, MO 63110,United States. Agenda: To elect five directors to serve until the next Annual Meeting of stockholders or until their successors are elected and qualified; to ratify the adoption of the Allied Healthcare Products 2009 Incentive Stock Plan for employees; and to transact such other business as may properly come before the meeting or any adjournment thereof.