OPTEC International, CEO Clarifies Stock Structure Changes On Money TV Interview

Rhea-AI Summary

OPTEC International, Inc. (OTC PINK:OPTI) announced significant changes to its stock structure, including an increase in authorized common shares and modifications to the preferred share framework. The company, based in California, specializes in developing the OPTEC Fuel Maximizer and safety products, including PPE. The updates aim to support the company’s strategy amid ongoing concerns regarding safety in the workplace during the pandemic. This corporate update comes as OPTEC prepares to enhance its product offerings and address market needs.

Positive

• Increased authorized common shares may offer strategic financial flexibility.
• Modification of preferred shares could attract future investments.

Negative

• Changes to share structure could lead to shareholder dilution if not managed carefully.

CARLSBAD, CA / ACCESSWIRE / May 21, 2021 / OPTEC International, Inc. (OTC PINK:OPTI), a developer the OPTEC Fuel Maximizer products alongside the company's UV and UV-C safety products using related advanced technologies specific to Personal Protection Equipment (PPE), and supplier of wholesale Medical PPE today released the following corporate update regarding the increase in authorized common shares and changes to the preferred share structure.

www.moneytv.net

About OPTEC International, Inc.

With Locations in Carlsbad and Vista, California, OPTEC International is a developer and manufacturer of the OPTEC Fuel Maximizer products along with electronic LED, Ultraviolet (UV) & UV-C safety products and related advanced technologies and PPE (Personal Protection Equipment) products. The company's Temperature Scanning product line is being launched at a time when HR directors and facilities managers are experiencing extreme concern with respect to keeping environments safe during the global pandemic crisis and the safe reopening of the U.S. economy. For more information, visit: www.optecintl.com

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. OPTEC International Inc.

Investor Relations Contact:
Michael Iorlano
(760) 621-0062
Mike@MountaintopMedia.net

SOURCE: Optec International, Inc.

View source version on accesswire.com:
https://www.accesswire.com/648497/OPTEC-International-CEO-Clarifies-Stock-Structure-Changes-On-Money-TV-Interview

FAQ

What recent changes did OPTEC International announce regarding stock structure?

OPTEC announced an increase in authorized common shares and modifications to its preferred share structure.

How does the increase in authorized shares affect OPTEC's investors?

The increase may provide OPTEC with financial flexibility but could also lead to potential shareholder dilution.

What products does OPTEC International focus on?

OPTEC develops the OPTEC Fuel Maximizer products and various safety products, including PPE.

What is the ticker symbol for OPTEC International?

The ticker symbol for OPTEC International is OPTI.

When was OPTEC's stock structure update announced?

The announcement regarding the stock structure update was made on May 21, 2021.