OPTEC INTERNATIONAL Inc OPTEC CEO To Retire from Board of Directors
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.
- Leadership transition provides opportunity for new strategic direction.
- Continued focus on resolving legal issues may stabilize company operations.
- Retirement of the CEO raises concerns about leadership continuity.
- Uncertainty regarding pending legal matters may affect investor confidence.
VISTA, CA / ACCESSWIRE / November 17, 2021 / OPTEC International, Inc. (OTC PINK:OPTI) today announced CEO Roger Pawson will be retiring from the company's Board of Directors in early 2022 due to ongoing health issues.
The company's CEO commented " We hope to have all outstanding legal and remaining issues resolved prior to my retirement from the Board of Directors, including a resolution with the WeShield legal action."
The company will continue Corporate updates as to the status of Operations and negotiations.
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 (U.V.) & 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 H.R. 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.
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FAQ
Why is OPTEC's CEO Roger Pawson retiring?
What will happen to OPTEC after the CEO's retirement?
What legal issues is OPTEC facing before the CEO's retirement?
How might the CEO's retirement affect OPTEC's business?
