OPTEC International Publishes Dec 31st, 2020 Quarterly Financial Report Exceeding Expectations Showing Revenue Increase of 10...
February 17 2021 - 11:23AM
InvestorsHub NewsWire
OPTEC International Publishes Dec 31st,
2020 Quarterly Financial Report Exceeding Expectations Showing
Revenue Increase of 1000% From Previous
Quarter.
CARLSBAD, CA --
February 17, 2021 -- InvestorsHub NewsWire -- OPTEC International,
Inc. (OTC
Pink: OPTI),
a developer of UV
and UV-C safety products using related advanced technologies
specific to Personal Protection Equipment (PPE), today announced
the company's December 31st, 2020 Quarterly
Financial Report with over 1000% increase in revenue from the
previous quarter. This was achieved by strong and larger
transaction volumes during the significant reported increase in
Pandemic cases
globally.
The significant increase in revenues exceeded
$11M for this period generated a net income of approximately
$7.38M increasing shareholder equity to
$17M.
Company CEO Roger Pawson commented "As a
result of the growth the company has acquired an additional 17,298
sq. feet warehouse and distribution center within close proximity
to the company's existing two facilities. OPTEC takes possession of
the new facility March 1st,
2021".
Mr. Pawson further stated, "Upon full
completion of the company's $2B+ PPE and Medical supply
contract , the company intends to use the profits to launch a stock
buyback program and continue the goal of up listing to the NASDAQ
Exchange".
Dec
31st 2020, Financial Report Link: https://backend.otcmarkets.com/otcapi/company/financial-report/271185/content
Recent Company
Announcement:
OPTEC
announced the addition of
Antigen & Antibody Rapid-Test
Kits with 10 Minute Results to the company's PPE Inventory for
global distribution. The Rapid-Test Kits are manufactured in the
USA and comply with the specific requirements for Rapid-Testing
within the current FDA and CDC
guidelines.
OPTEC Acquires Z2O
the "Uber of Cleaning & Sterilization
APP". www.Z2O.com
OPTEC Appointments
Kyle McGowan Former CDC Chief of Staff and Amanda Campbell Former
Deputy CDC Chief of Staff to the company's Advisory
Board.
About OPTEC
International,
Inc.
With Locations in
Carlsbad and Vista, California, OPTECInternational is a developer
and manufacturer of electronic LED, Ultraviolet (UV) & UV-C
safety products and related advanced technologies and PPE (Personal
Protection Equipment) products. The company's Safe-Scan 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
OPTEC International, Inc. investor relations
at: www.optecintl.com/investor
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.
OPTEC
International,
Inc.
Investor Relations
Contact:
Andrew
Barwicki
516-662-9461
/ Andrew@barwicki.com
SOURCE: Optec International,
Inc.
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