OPTEC INTERNATIONAL ACQUIRES CONTROLLING INTEREST OF RAFINA INNOVATIONS
CARLSBAD, CA -- July 29, 2021 -- InvestorsHub NewsWire
-- OPTEC International, Inc. (OTC Ticker: OPTI) today announced the
acquisition of controlling interest in one of the company's
Mediterranean distributors, Rafina Innovations (OTC Ticker: VICA) as part of OPTEC's commitment
for Global Expansion.
Rafina has been focused on research and development
of advanced medical technologies solutions resulting in the
issuance of a number of patents relative to the medical sector in
preparation for manufacturing and distribution. Rafina recently
acquired C-Pharm Ltd as a wholly owned subsidiary to expand
operations into the pharmaceutical sector in the Greek & Cyprus
territories. C-Pharm published revenues in excess of $1.7M for the
quarter ending 3-31-2021.
C-Pharm Ltd is an established pharmaceutical medicine
manufacturer for the shipping industry, providing medicines to a
number of large Mediterranean based shipping lines for Cruise
Ships, Cargo, Container and Ocean-Going Tanker vessels with offices
in Athens and Cyprus.
OPTEC's expansion with Rafina and C-Pharm Ltd is a pathway for
expansion to work with large shipping companies around the world
and this collaboration will provide many new opportunities for all
3 entities to expand sales and revenues by introducing each
divisions products to the consortium of customers.
The acquisition comprised of OPTEC acquiring controlling
interest of Rafina by way of exchanging Rafina's Preferred
shares in exchange for exclusive licensing rights for Greece,
Cyprus and surrounding Countries use of the OPTEC subsidiary Z2O
The Z2O technology is a much-needed service for the
pandemic-stricken regions, who have been severely impacted for
their main industries of Tourism and Cruise line business, having
been shut down for over 14 months The use of the Z2O services
in these regions is expected to quickly help re-open safely many
facilities impacted by the shutdown.
As part of the expanded launch of Rafina's new proprietary
product line the company will be shortly changing the name to OPTEC
MED, and launching a new website introducing the advanced
technology medical and healthcare products soon to be
Mr. Constantinos Zertalis, outgoing CEO of Rafina
Innovation, stated, "For Optec International, Inc. the addition of
Rafina Innovations Inc., to its portfolio, provides a major growth
opportunity for both businesses through a comprehensive service
offering for our clients and shareholders. As the two organizations
begin their transition to be a truly global enterprise from
Rafina's businesses and technologies to Optec's products, services,
and leadership, Rafina's shareholders should be thrilled as both
companies are preparing for this exciting journey of success."
OPTEC management is confident this collaboration will generate
additional market strength, profits and shareholder value for OPTEC
while simultaneously adding additional strength to OPTEC's
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
Investor Relations Contact:
(760) 621-0062 / Mike@MountaintopMedia.net
SOURCE: Optec International, Inc.
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