Information statement on the annual report of OPTEC INTERNATIONAL Inc
VISTA, CA / ACCESSWIRE / October 22, 2021 / OPTEC International, Inc. (OTC: OPTI) today announced an annual summary review for the July 1 filing periodst, 2020 – June 30e, 2021.
The period reflected from July 1st, 2020, as of June 30, 2021, represents the previous fiscal year of the company, the fiscal year end has since changed to December 31st for all subsequent years. The company’s next quarterly report for the period ending September 30, 2021, due on or before November 15, 2021 (formerly Q1) will now be recognized as Q3 and December 31st, 2021, the deposit will be the updated annual 10K.
The change puts the company’s quarterly reports in a more sequential ranking order, as most publicly traded companies recognize.
Prior to the pandemic, the company was producing a series of high-quality off-grid solar LED commercial and security lighting products and planned to produce a new series of trailer-mounted solar power generators primarily designed to facilitate the power on demand in case of emergency. situations such as disaster relief, power outages and back-up generator systems for health care, schools and senior centers. The company also produced the recognized patented products Fuel Maximizer, one of the few US-made automotive emission reduction, fuel economy and performance products to receive multiple executive orders from the California Air Resource Board (CARB). .
For the quarter ending September 30, 2020, the pandemic started to reach astronomical levels around the world, and as OPTEC began to expand its UV and UVC product lines for non-toxic sterilization and disinfection solutions, in particular the “OPTEC iWand”, the expansion into the rapidly growing PPE market has become more aggressive. This growth created a demand for larger facilities and distribution and increased the company’s revenue and profitability. This has created additional levels of opportunity in the PPE market, including the order from the $ 2 billion consortium and the introduction of the OPTEC Shield, non-toxic wipe products, OPTEC Bio-Mask, another highly protective form of face coverings, often commissioned today across the country. The company acquired 72% of Z2O’s “Uber of Cleaning” technology from Amazon Management, LLC. The company has added the 20,000 square foot Scott Street distribution center to the real estate portfolio. The company has finalized payments in full on the toxic convertible notes inherited from previous management. The company has filed 2 patents with the USPTO for the integration of UVC LEDs in cell phones and tablets, and the integration of digital thermal temperature scanning technology also built into cell phones and tablets. Both patents are currently being filed in the utility application process. The company reported revenues of $ 6,284,609 for this period.
For the quarter ending December 31st, 2020, the company continued the growth and expansion of the PPE market and introduced the air purification and surface disinfection products “HYDROXYL” using UV-C and hydroxyl to effectively clean the air. breathable air and simultaneously disinfect surfaces. During this time, the company began discussions to expand to an additional nearly 20,000 square foot distribution center on Keystone Way, Vista, CA. The company’s main revenue during this period was PPE products due to nationwide closures of non-core business operations. The company reported revenue of $ 11,079,146. During this period.
For the quarter ending March 31st, 2021, the company remained in the PPE growth business by adding FDA-approved rapid (15 minute) pandemic test kits to the PPE inventory. The kits have become one of the company’s primary sellers of PPE in the retail market. The company identified and began interviewing candidates for the PCAOB audit to help reinstate the company to âfull representationâ status, subsequently with the intention of moving to Nasdaq by meeting the necessary criteria. During this period, OPTEC appointed Rafina Innovations OTC: (VICA) as the exclusive Cypress distributor for all OPTEC product lines. The company specializes in providing medical and over-the-counter pharmaceuticals to the region, as well as services to ocean-going vessels, including cruise lines, cargo ship operators and tankers. The company has entered into discussions with Assure Global LLC d / b / a We Shield regarding a collaboration. Optec reported revenues of $ 11,576,643. During this period.
For the period ending June 30, 2021, the Company consolidated the head office and major distribution facilities into a 50,000 square foot combined facility at Park Center Drive Vista. During this period, the company acquired a majority stake in the Mediterranean distributor Raffina Innovations. (A listed OTC company).
During this period, the company engaged the audit firm PCAOB DBB McKennon.
Complete information for the annual period of the company is available at:
About OPTEC International, Inc.
With locations in Carlsbad and Vista, Calif., OPTEC International is a developer and manufacturer of OPTEC Fuel Maximizer products as well as LED, ultraviolet (UV) and UV-C electronic safety products and related advanced technologies and products. PPE (personal protective equipment). The company’s temperature analysis product line is launched at a time when human resources and facility managers are extremely concerned about the safety of environments during the global pandemic crisis and the safe reopening of the US economy. For more information, visit: www.optecintl.com
Safe Harbor Statement: Safe Harbor of Responsibility established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified by phrases such as Opti, OPTEC or its management “believes”, “expects to “,” Anticipates “,” anticipates “,” forecasts “,” estimates “or other words or expressions of similar importance. Likewise, the statements below which describe the business strategy, prospects, objectives, plans, intentions or goals of the Company are also forward-looking statements. All of these forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those of forward-looking statements. OPTEC International Inc.
Investor Relations Contact:
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THE SOURCE: Optec International, Inc.
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