Inc. 5000 Names WeShield, an Optec International Subsidiary, as the 53rd Fastest-Growing Company in America

Rhea-AI Summary

WeShield, a subsidiary of Optec International (OTC: OPTI), ranked 53rd on the 2021 Inc. 5000 list of fastest-growing companies, achieving nearly $100 million in revenue. The company recorded a staggering 10,000% annual growth fueled by increased demand for personal protective equipment due to the Covid-19 pandemic. WeShield's robust client base includes major retailers and government agencies, supporting the projected growth of the PPE industry, expected to exceed $100 billion globally in five years. WeShield aims to maintain its growth trajectory as it expands its market presence.

Positive

• Ranked 53rd on the 2021 Inc. 5000 list of fastest-growing companies.
• Reported nearly $100 million in revenue, highlighting significant growth.
• Achieved 10,000% annual growth, showcasing remarkable demand for PPE.
• Expanded client base includes major organizations, indicating strong market penetration.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / August 17, 2021 / WeShield - a subsidiary of Optec International OTC Markets OPTI has been ranked 53rd of 5000 on the annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing companies. The list represents a unique look at the most successful organizations within the American economy's most dynamic segment- independent small businesses.

With close to $100 million in revenue, WeShield saw exponential growth over the past year and a half due to unprecedented demand for personal protective equipment. The company expects to continue on this trajectory to keep up with the evolving global needs for PPE and medical supplies. While the company was initially founded to assist organizations in gaining access to much-needed safe and effective PPE materials while helping to avoid price-gouging and fraud, WeShield's use of a proprietary AI-powered sales and marketing engine engaged long-term clients within national hospital networks, government agencies, retailers and hospitality groups. This vast customer base across several verticals led to its impressive 10,000% annual gains, pushing it to number 53 on Inc. 5000 list for 2021.

"Demand for PPE has always been high in certain sectors, but due to the Covid-19 pandemic, it has exploded and is on pace to grow to over a hundred billion dollar industry globally within the next five years. With our ability to move quickly, WeShield became a lifeline to many organizations navigating safety protocols," comments Roman Vinfield, co-founder and Chief Revenue Officer at WeShield. "We've seen tremendous growth and are honored to be recognized as no. 53 in this year's Inc. 5000 list. We're laser-focused on continuing to grow and support businesses nationwide and look forward to what our company's future has in store."

WeShield is in good company with this year's other winners. Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year's list also proved exceptionally resilient and flexible given 2020's unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000 . The top 500 companies are featured in the September issue of Inc. , which will be available on newsstands on August 20.

"The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled," says Scott Omelianuk, editor-in-chief of Inc. "Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we've lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people."

Methodology

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year's Inc. 5000. Companies on the Inc. 500 are featured in Inc. 's September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000 .

About Inc. Media

The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing businesses in the United States. The global recognition of inclusion in the 5000 allows the founders of the best companies to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/.

About OPTEC International, Inc.

With Locations in Carlsbad and Vista, California, OPTEC International is a developer and manufacturer of electronic LED, Ultraviolet (UV) & UV-C safety products and related advanced technologies, fuel maximizing, and solar energy and PPE (Personal Protection Equipment) products. The Company's Safe-Scan product line is launching when HR directors and facilities managers are experiencing an extreme concern for keeping environments safe during the global pandemic crisis and the safe reopening of the US economy. For more information, visit www.optecintl.com.

About WeShield

WeShield, a wholly-owned subsidiary of OPTEC International, Inc. (OTC PINK: OPTI), posting Q1 & Q2 total revenues of $40 million with EBITDA of $6.7 million, or 17% of revenue.

Audited financials in 2020 for WeShield were recently released, showing the Company generated $59 million in revenue with an EBITDA of $5.6 million or about 10%. The Company reports heavy growth in both the PPE and medical supply sectors.

WeShield.us is deeply ingrained in the wholesale medical industry, supplying PPE safety products to customers, including GAP, Caesars Entertainment, Hard Rock, Defense Logistics Agency (DLA), NYC Housing Authority (NYCHA), Concordance, Henry Schein, Medline, and more.

Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Opti, OPTEC or its management 'believes,' 'expects,' 'anticipates,' 'foresees,' 'forecasts,' 'estimates,' or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

CONTACT:

Steph Rosenblum Hadas
weshield@5wpr.com
(212) 999-5585

Michael Sinensky, CEO WeShield | an Assure Global Co DUNS #: 079774072 | CAGE: 8NEB5 646.533.2360 | Michael@weshield.us

Learn More About WeShield

WeShield is a wholly owned subsidiary of OPTEC international, a publicly traded company (OTC symbol: OPTI)

Legal disclaimer: This e-mail communication is intended for recipient(s) of whom this communication is addressed to (hereinafter "Confidant") and any or all of its content (hereinafter "letter") may contain confidential and privileged material for the sole use of the Confidant. Optic International, Inc. (hereinafter "Company") is not a Bank or a Securities Broker Dealer or a Registered Investment Adviser. No information provided by the Company shall be considered a solicitation for any purpose in any form or content, nor an offer to sell and/or buy securities. Merely describing the details of an existing private placement program does not constitute an offer or solicitation of any kind and, if presented, is done so on an informational basis only.

SOURCE: Optec International, Inc.

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FAQ

What is WeShield's ranking on the Inc. 5000 list for 2021?

WeShield is ranked 53rd on the 2021 Inc. 5000 list of fastest-growing companies.

What was WeShield's revenue for the most recent fiscal year?

WeShield reported nearly $100 million in revenue.

How much annual growth did WeShield achieve?

WeShield achieved an impressive annual growth rate of 10,000%.

What market trends are driving WeShield's growth?

The demand for personal protective equipment, driven by the Covid-19 pandemic, is a major factor in WeShield's growth.

What is the projected size of the global PPE industry?

The global PPE industry is expected to exceed $100 billion within the next five years.