OPTEC INTERNATIONAL INC - OPTI STOCK NEWS

OPTEC International, Inc. (OTC PINK:OPTI) reported a significant 28% increase in the value of its Rancho Santa Fe property, purchased for $2,500,000 in June 2021. The current market value exceeds $3,200,000, reflecting an appreciation of $700,000 in less than nine months. The property generates $10,000 monthly in rental income, with multiple purchase offers received at current value. This development enhances OPTEC's asset value and profitability, signaling positive outcomes for investors and shareholders.

OPTEC International, Inc. (OTC PINK:OPTI) has launched www.Optec.io, a new online marketplace aimed at providing medical products and protective gear. This platform will replace OPTEC's existing online store and is designed to expand its offerings in the future to include various consumer and business products. The marketplace will facilitate same-day delivery in the San Diego area, with plans for national and global expansion. The U.S. medical device market, valued at $156 billion, is projected to reach $208 billion by 2023, aligning with OPTEC's growth strategy.

OPTEC International, Inc. (OTC PINK:OPTI) is set to unveil prototype versions of its patented Digital Temperature Scanning technology for smartphones and tablets in March 2022. After filing original patent applications in 2020 and utility patents in 2021, the company aims to enhance pandemic safety by enabling quick temperature checks through mobile devices. The technology allows for real-time data recording in medical and various industries, potentially transforming how temperature data is collected. OPTEC also plans to license this technology to manufacturers worldwide.

OPTEC International has announced a settlement with We Shield to resolve ongoing legal disputes, resulting in the dismissal of lawsuits between the two entities. The agreement allows OPTEC to work with We Shield within its PPE division without any outstanding debts. As part of the settlement, OPTEC has canceled the remaining debt owed to We Shield. Additionally, We Shield will supply PPE products, particularly at-home rapid test kits, to OPTEC, which has seen increased market traffic due to the Omicron variant. The terms of the settlement remain confidential.

OPTEC International, Inc. (OTC PINK:OPTI) has reported a surge in demand for its Personal Protective Equipment (PPE) due to the ongoing pandemic. The company’s inventory of Medical and Respirator masks is now shipping daily to distributors and healthcare facilities. Additionally, Antigen Rapid Test kits sold out within 24 hours, prompting a significant influx of new orders. OPTEC is also launching a new e-commerce website for PPE sales, expanding its market presence. Furthermore, rising fuel prices have increased distributor inquiries for its Fuel Maximizer products.

OPTEC International, Inc. (OTC PINK:OPTI) announced the cancellation of 30,000 Preferred shares previously issued to Amazon Management LLC for the Z2O technology acquisition. This move results in a 31.5% reduction of the company's issued and outstanding Preferred shares. Although this cancellation does not finalize negotiations with Amazon, it facilitates further discussions for an amicable settlement regarding the remaining 72% of the acquisition payment. OPTEC will continue to update stakeholders on the status of negotiations.

On November 29, 2021, OPTEC International, Inc. (OTC PINK: OPTI) reiterated its intention to resolve outstanding legal issues before the CEO's retirement. However, reports indicate that OPTEC has not initiated settlement discussions with WeShield or its CEO, Michael Sinensky, concerning the ongoing litigation. As of now, no contact has been made by OPTEC, leading WeShield to declare its commitment to defend against OPTEC's claims. The situation remains unresolved, with rumors of an imminent settlement being denied.

OPTEC International (OTC PINK:OPTI) announced that CEO Roger Pawson will retire from the Board of Directors in early 2022 due to health issues. Pawson expressed hopes to resolve all outstanding legal matters, particularly the WeShield legal action, before his departure. OPTEC will continue to provide updates on operations and negotiations. The company specializes in developing products for fuel maximization, electronic LEDs, UV safety technologies, and PPE, amid heightened concerns regarding safety during the ongoing pandemic.

VISTA, CA / ACCESSWIRE / November 3, 2021 / OPTEC International, Inc. (OTC Ticker:OPTI) announced a change in OTC Markets status to 'Yield' after filing a 10K Annual Report for the fiscal year ending June 30, 2021. The classification resulted from a misunderstanding regarding required reporting formats. OPTEC switched its fiscal year-end from June to December, necessitating a pre-December annual filing. The company is seeking clarification from OTC Markets regarding its status, which they found was marked as 'Dark or Defunct.' Further updates will follow.