OPTEC
SURPASSES
PREVIOUS
QUARTER'S INCOME & REVENUE BY OVER 600% FOR
PERIOD
ENDING
SEPTMBER 30, 2020.
CARLSBAD,
CA -- October 7, 2020 -- InvestorsHub NewsWire
-- OPTEC
International, Inc (OTC PINK:OPTI) today announced the
company surpassed the financial
income projections for the Quarter ending September 30,
2020.
Interim
(unaudited) financial overview can be found at these
links:
https://www.otcmarkets.com/stock/OPTI/news
https://optecintl.com/investors/news/
In summary,
the Company surpassed its $4,000,000 projection for this quarter
and, in fact, showed revenue and income totaling $6,284,609 and a
net income of $3,381,730. In addition, the Company has paid in full
all previous convertible institutional notes and the interest and
liabilities associated with those notes. The only commercial
promissory note remaining will be
the premium
to market loan when fully funded
from
financial partner, RB Capital Partners, Inc.
The company
has been involved in the sale of larger
wholesale transaction
quantities
of 3M KN 95 masks during this period, adding significantly
to the
company's revenues and profitability. OPTEC is currently in
additional negotiations for significantly larger wholesale mask
transactions and due to the size of these transactions will
publicly announce upon closing/completion of the same.
The two
provisional patents assigned to the company by the "Inventor"
company CEO Roger Pawson, are presently being assessed as
to a
valuation by
a professional
established patent appraisal group.
The professional valuation will be published upon receipt. A
conservative estimated valuation was displayed in the valuation
statement under the asset's
category,
and not included as a financial value in the total assets tab. The
professional valuation should be included in the official quarterly
report published on OTC Markets by November 15th,
2020.
All
Previously reported Institutional convertible notes have been
fully paid as of September 30, 2020.
About
OPTEC International, Inc.
With
Locations in Carlsbad and Vista, California,
OPTEC International 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.optecuvc.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.
Contact: info@optecintl.com
Investor
Relations:
442-222-0550
SOURCE: Optec
International, Inc.