OPTEC INTERNATIONAL INC - OPTI STOCK NEWS

Optec International has successfully acquired WeShield, an AI-driven MedTech company specializing in PPE, for $70 million. This includes $30 million in cash over nine months and $40 million in preferred restricted stock. WeShield, which reported over $55 million in revenues for 2020, is expected to grow revenues to over $100 million in 2021. The acquisition is anticipated to yield immediate synergies in sales and marketing, alongside operational savings in various departments by the end of Q3.

OPTEC International, Inc. (OTC PINK:OPTI) has engaged a Florida-based accounting firm to prepare for a PCAOB audit, set to conclude by September 2021. This engagement aims to facilitate the company's goal of restoring its OTC:QB status and potentially uplisting to the NASDAQ exchange. OPTEC specializes in developing products such as the OPTEC Fuel Maximizer and temperature scanning solutions, crucial for safety amid the ongoing pandemic.

OPTEC International, Inc. (OTC PINK:OPTI) has filed a corporate update announcing the transition of its UVC-LED technology patent from provisional to utility patent pending with the USPTO. This proprietary technology integrates UVC sterilization into cellphones and tablets. With pending approval, OPTEC aims to engage in licensing discussions with manufacturers. The company specializes in fuel maximization products and PPE, addressing safety concerns during the pandemic. For more information, visit www.optecintl.com.

OPTEC International (OTC PINK:OPTI) has announced a 100% acquisition of WeShield for $70 million, combining cash and preferred shares. WeShield, an AI-driven MedTech firm based in New York, reported revenues exceeding $55 million in 2020 and is projected to surpass $100 million in 2021. The acquisition aims to enhance OPTEC's market strength and profitability. A shareholder Zoom call is scheduled for June 10, 2021, to discuss the acquisition details. OPTEC's CEO expressed confidence in immediate benefits from this strategic move.

OPTEC International, Inc. (OTC PINK:OPTI) announced a shareholder update call scheduled for June 10, 2021, featuring CEO Roger Pawson and WeShield executives. The call, which will be pre-recorded on June 9, will cover OPTEC's acquisition of WeShield, a New York-based MedTech company with 2020 revenues exceeding $55M and projected revenues of over $100M for 2021. Shareholders can submit questions by June 8, prior to the call. OPTEC, which develops UV safety products and PPE, aims to ensure safe environments amid the ongoing pandemic.

OPTEC International, Inc. (OTC PINK:OPTI) announced an increase in authorized shares and changes in preferred share structure, alongside securing a One Year Bridge loan to finalize the acquisition of WeShield. This acquisition is projected to significantly boost OPTEC's revenues, with combined revenues expected to exceed $170 million for 2021. WeShield, a New York-based AI-driven MedTech firm, recorded over $55 million in revenues for 2020 and anticipates surpassing $100 million in 2021. Full financial details will be disclosed post-transaction closure.

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.

OPTEC International (OTC PINK:OPTI) announced on May 17, 2021, it will revive production of its Fuel Maximizer product line due to a surge in orders linked to rising national fuel prices. The company holds ample components to commence assembly immediately. The Fuel Maximizer products are designed to save fuel, reduce emissions, and enhance engine performance for gasoline and diesel engines. OPTEC also develops UV and UV-C safety products amid heightened demand for Personal Protection Equipment (PPE). For more details, visit www.optecintl.com.

OPTEC International (OTC PINK:OPTI) announced a significant correction regarding its CEO's common stock ownership. Initially reported as 442,238,951 shares, the actual ownership is only 100,094 shares due to a discrepancy from the transfer agent's data. The over 442 million shares were canceled and returned to the company treasury between September and December 2020. This finding arose during due diligence for the We Shield acquisition, prompting OPTEC to pursue updated reports from the transfer agent to rectify its quarterly filings.