OPTEC INTERNATIONAL INTRODUCES Company’s New Marketplace Website

Rhea-AI Summary

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.

Positive

• Launch of www.Optec.io, a new online marketplace targeting medical and protective products.
• Plans for same-day delivery service in San Diego, expanding nationwide and globally.
• Potential to partner with more manufacturers and expand product offerings.

Negative

• None.

VISTA, CA / ACCESSWIRE / March 1, 2022 / OPTEC International, Inc. (OTC PINK:OPTI) today announced the introduction of www.Optec.io the company's new Marketplace website. The new portal will be replacing OPTEC's online website store in the near future.

Optec.io is an open marketplace initially for medical, medical protective, medical equipment and protective products and supplies, featuring OPTEC brand products with the future goal of adding multiple additional product lines and merchandise from other manufacturers and distributors. The portal can ultimately be expanded to include most types of merchandise for both consumer and business needs.

OPTEC.io will be partnering with UPS, USPS and FedEx to fulfill product deliveries and in the future, plans to have the ability to fulfill same day and next day deliveries in the local areas. The company has started building its infrastructure to bring the same day deliveries to the market using its own existing technologies. The marketplace same day service will initially soon be open and available for San Diego local areas and shortly thereafter expand by territory for nationwide service, with the long-term goal of expanding as a global marketplace.

Optec continues to be contacted by manufactures and product producers both in the US and Overseas looking to partner with OPTEC for the sale and distribution of their products, now, with the introduction of marketplace, OPTEC will be able to partner with more companies, to promote and sell their products on the marketplace portal and create a new market and distribution network for such products and services.

The Medical market product overview.

The United States remains the largest medical device market in the world: $156 billion (40 percent of the global medical device market ). By 2023, it is expected to grow to $208 billion.

Marketplace Website: www.optec.io

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

What is OPTEC International's new marketplace website?

OPTEC International has launched www.Optec.io, a new online marketplace for medical and protective products.

When will OPTEC's new marketplace be available?

The marketplace is currently launched and will replace OPTEC's existing online store in the near future.

What delivery options will OPTEC's marketplace provide?

The marketplace will initially offer same-day delivery in the San Diego area, with plans to expand to nationwide and global service.

What market is OPTEC targeting with their new website?

OPTEC is targeting the medical device market, which is expected to grow from $156 billion to $208 billion by 2023.

What types of products will be sold on www.Optec.io?

The marketplace will initially focus on medical, medical protective, equipment, and supplies, with plans to expand to various product lines.