OPTEC INTERNATIONAL'S RECENT ACQUISITION OF ARTIFICIAL INTELLIGENCE DRIVEN MEDTECH COMPANY WITH SALES OF $59 MILLION...
July 08 2021 - 7:30AM
InvestorsHub NewsWire
OPTEC INTERNATIONAL'S RECENT ACQUISITION
OF ARTIFICIAL INTELLIGENCE DRIVEN MEDTECH COMPANY WITH SALES OF $59
MILLION AUDITED FINANCIALS RELEASED
CARLSBAD, CA -- July 8, 2021 -- InvestorsHub NewsWire -- OPTEC
International, Inc. (OTC Ticker: OPTI) released 2020 audited
financials of newly acquired subsidiary We Shield artificial
Intelligence Driven Medtech company which can be viewed on OPTEC's
website. https://optecintl.com/news/
The report shows that We Shield, a New York based AI (Artificial
Intelligence) driven MedTech company in the PPE space, generated
over $59 million in sales with EBIDTA of over $5.6 million.
The audit was conducted by SAX LLP, a Top 100 accounting, tax
and advisory firm and was managed by Wiss & Company LLP
alongside We Shield's CFO Katharine Harris.
We Shield recently received the following award,(https://www.analyticsinsight.net/company-of-the-month-weshield-embracing-ai-to-streamline-high-quality-ppe-and-safety-supplies/)
and is extremely well engrained in the Wholesale Medical sector
supplying PPE safety products to customers including: GAP, Caesars
Entertainment, Hard Rock, Defense Logistics Agency (DLA), NYC
Housing Authority (NYCHA), Concordance, Henry Schein, Medline, and
more. The company has a very strong and well-structured management
team and uses advanced marketing technology to fuel both the
company's operations and continuous growth.
OPTEC management is confident this acquisition will generate
additional market strength, profits and shareholder value for OPTEC
while simultaneously adding additional strength to OPTEC's
management team.
OPTEC also recently announced their plans to complete audited
financials in order to become fully reporting and up-list to OTCQB.
(https://finance.yahoo.com › news Web results OPTEC
International Retains Florida Professional ... - Yahoo
Finance)
We Shield's CEO Michael Sinensky commented, "We look forward to
OPTEC's return to OTCQB and broadening our investor base as they
work on up-listing and beyond."
OPTEC's CEO Roger Pawson commented, "We Shield's audit showed
more revenues and profits than anticipated and we expect to see
accelerated growth of OPTEC's product sales now that We Shield is
integrating OPTEC products and services into their AI driven sales
and marketing platforms. With year-end and then audited financials
both approaching followed by plans to up-list to OTCQB & then
ultimately NASDAQ, the future for OPTEC looks extremely
bright."
About We Shield
We Shield is deeply ingrained in the Wholesale Medical sector
supplying PPE safety products to customers including GAP, Caesars
Entertainment, Hard Rock, Defense Logistics Agency (DLA), NYC
Housing Authority (NYCHA), Concordance, Henry Schein, Medline, and
more. This AI driven MedTech company is on track for substantial
growth. www.weshield.us
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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