Optec International Share Issuance Correction
OPTEC International, Inc. (OTC PINK:OPTI) clarified a significant reporting error regarding its outstanding shares. Instead of issuing 200,000,000 restricted shares to CEO Roger Pawson, the correct figure is 200,000 restricted shares. This miscommunication was addressed promptly with the transfer agent, who has been authorized to amend the records. CEO Pawson expressed regret over the incident and assured shareholders that this was purely an unintentional mistake. The firm continues to focus on developing innovative safety products amid pandemic concerns.
- Correction of share issuance helps maintain investor trust.
- Quick resolution of the error minimizes potential market disruption.
- Initial erroneous reporting of share issuance could lead to investor confusion.
- Potential for reputational damage due to the miscommunication.
CARLSBAD, CA / ACCESSWIRE / September 2, 2021 / OPTEC International, Inc. (OTC PINK:OPTI).
OPTEC International today announced the company is clarifying the incorrect information published yesterday in the company's issued and outstanding shares numbers published on OTC Markets.
The information published showed an issuance of 200,000,000 restricted shares to company CEO Roger Pawson, the information was incorrectly requested by the company to the transfer agent and should have read 200,000 restricted shares. The company's transfer agent has been notified of the error and authorized to correct the issuance to 200,000 restricted shares and cancel the published 200 Million share issuance.
Company CEO Roger Pawson today stated, "We apologize for the error in the publication and assure shareholders this was an accidental error in the information provided by the company to the Transfer Agent who has now been authorized to update to the correct information to 200,000 shares as stated herein."
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.
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